Neighbouring homes with rents of £9k a year up for auction in Leicestershire

Competition is expected for neighbouring Leicestershire properties bringing in healthy rents that are up for grabs in Bond Wolfe Auctions’ next auction on Wednesday 17 February.

The pair of two-bedroomed, mid-terraced houses are at 14 and 16 Berrys Lane in the village of Ratby, north east of Leicester, and each has a guide price* of £40,000+.

Sharp-eyed landlords will spot current rental incomes of £4,500 per annum for each home, which have small front gardens, rear yards, central heating and double-glazing.

Gurpeet Bassi, chief executive of Bond Wolfe Auctions, said: “The potential yield on each of these homes is more than 11%, based on the guide prices, and this sort of residual income is likely to increase competition for these lots.”

Further out to the north-east is a two-bedroomed, mid-terraced house at 62 Berrisford Street in the town of Coalville, which has a guide price of £39,000 to £44,000.

This property stands flush to the pavement with a rear garden, central heating system and double- glazing, although does need some modernisation.

Also needing refurbishment is a three-bedroomed, semi-detached house at 136 Bottleacre Lane over in Loughborough, which has a driveway, gardens and comes with a guide price of £50,000+.

And a three-bedroom, semi-detached house at 14 Byron Street in Earl Shilton that has gardens, central heating and double-glazing come with a guide price of £59,000 to £64,000 – although it too needs works.

Mr Bassi of Bond Wolfe Auctions added: “Once again we have a wide range of properties across Leicestershire with attractive guide prices, which means there will be something for everybody.”

The lots described are among a record-breaking total of 232 lots that will go under the hammer at Bond Wolfe Auctions’ auction which starts at the earlier time of 8.30am on 17 February.  Click here to register to bid for the auction which will be livestreamed with remote bidding by proxy, telephone or internet only.