Beds & Bucks Auction Results from 15/10/15

Here's the auction results for the sale on 15/10/15 which i went along to, and took the guys in the office for an afternoon out seeing as we were quiet that day. There were quite a few unsold and withdrawn lots, only 9 out of the original 20 sold on the day! This could mean some bargains are to be had:

Lot No.	Address
1	Flat 3, 23 Alexandra Road, Bedford, Bedfordshire, MK40 1JA
2	Trailflatt Farm, Lee Road, Quainton, Aylesbury, Buckinghamshire, HP22 4BH
3	14A High Street, Souldrop, Bedford, Bedfordshire, MK44 1EY
4	126 Bromham Road, Bedford, Bedfordshire, MK40 2QN
5	Land at Water Stratford, Buckingham, Buckinghamshire, MK18 5DU
6	Thomas Wright House, High Street South, Olney, Buckinghamshire, MK46 4AA
7	15 Kempston Road, Bedford, Bedfordshire, MK42 9DX
8	6 Bedford Road, Moggerhanger, Bedford, Bedfordshire, MK44 3RR
9	Land adj The Croft, Alexandra Road, Rushden, Northamptonshire, NN10 0HY
10	The Paddington, 157 Midland Road, Bedford, Bedfordshire, MK40 1DW
11	Land at Tingrith Road, Westoning, Bedford, Bedfordshire, MK45 5AH
12	Land at Tingrith Road, Westoning, Bedford, Bedfordshire, MK45 5AH
13	1 Coronation Avenue, Huntingdon, Cambridgeshire, PE29 1UA
14	12 Stockwood Court, Stockwood Crescent, Luton, Bedfordshire, LU1 3ST
15	30-32 Iddesleigh Road, Bedford, Bedfordshire, MK40 4LW
16	Chester Works, Chester Avenue, Luton, Bedfordshire, LU4 9SF
17	Land at Kimbolton Road, Pertenhall, Bedford, Bedfordshire, MK44 2BE
18	Lynfield, The Drove, Barroway Drove, Downham Market, Norfolk, PE38 0AJ
19	10 Ashburnham Road, Bedford, Bedfordshire, MK40 1DS
20	The Walled Garden, Church End, Willington, Bedford, Bedfordshire, MK44 3PX

I was interested in a couple of lots, one was withdrawn prior and the other sold for £238k meaning a great yield of 9.08% (Lot 19), a block of 4 flats currently rented at £21,480 per 

annum. This started at £190k increasing in £5k bids to £225k, then £2k bids to eventually finish on the hammer price of £238k. Still a good buy, working out at £59,500 per flat, and it's literally right next to Bedford train station.

Quite a few of the lots offered only received one opening bid which was below the reserve, and they remain unsold now.

See the website HERE for further info.

If you'd like to discuss anything about buying at auction then give me a call on 01525 838848 or email graham@1st-house-lettings.co.uk 

For help on being a landlord see our website here: 1st-house-lettings.co.uk