South Yorkshire investment opportunities come to market in online auction

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A mixture of investment opportunities in South Yorkshire are coming to the market in an online property auction featuring more than £4.5 million worth of stock nationwide.

Leading online property auction house, John Pye Property, is to feature an immaculately presented detached property currently arranged as two modern spacious apartments in Treeton together with a potential HMO property with five lettable rooms in Sheffield. The two properties will feature among its 29 lot nationwide auction.

Going under the online hammer today (August 4), the lots offer a great opportunity for investors looking to get into the student housing market or for those looking to take the next step on the property ladder.

Richard Reed MRICS, head of property at John Pye Property, said: “Our offering this month provides a great opportunity for both investors and those looking to take the next step on the housing ladder. The Treeton property, although currently arranged as two spacious apartments, has the potential to make a large detached family home.

“We are the only UK property auction house which carries out property auctions online with a binding contract on the last day of the auction. The way we run our online property auctions means buyers don’t need to feel pressured into making a snap decision. They can have the comfort of bidding from their own home or work.”

The Treeton property in Front Street has a guide price of £235,000. The property currently has a gym, balcony, extensive off street parking with gated access and a sizable garden with timber framed summer house, decking, and lawns.

While the Crookes, Sheffield, property with five lettable rooms has a guide price of £185,000 – three of which are currently let at £250 per room per month with a yield of 8.11% (when the property is fully let). The property is ideally placed to reach the Sheffield University sites and Hospitals.

Online auctions are fast becoming a conventional way to buy and sell properties and more people are expected to use online auctions to boost their property portfolio, added Richard.

“Our unique expertise across online auctions means the way we sell property online is a real unique selling point for buyers and distinctive across the industry.

“Our online property auction has grown significantly over the past 12 months. We hold monthly auctions and have extended our 0% seller fee and nil marketing costs meaning our sellers are experiencing great value for money.”

John Pye Property regularly features properties from South Yorkshire, London, Manchester, Liverpool, Birmingham and Nottingham. Visit www.johnpye.co.uk/property-auctions to bid or phone 0115 970 6060 for more information.