An auctioneer says the strong interest of investors from around the world shows how Buy To Let has a second wind in the UK.
Bond Wolfe says its online auction this coming Thursday has attracted corporate rental property groups to individuals building up their own private portfolios.
The Midlands-focussed firm says it’s grown the range of properties and ensured some are tenanted to optimise choice for bidders.
It has one property listed with a guide price of £80,000 to £85,000, currently generating a gross income of £5,940 per annum via a protected tenancy at a rent of £495 per month.
A pair of houses in the Harborne area of Birmingham, listed at £155,000-plus, generates £8,100 per annum on an AST of £675 per month.
Jonathan Hackett, consultant director, says: “Highly competitive pricing and steady income generation will make any of these properties a welcome addition to any investor’s portfolio and we are expecting considerable bidding interest.”
The auction will be livestreamed via Bond Wolfe’s website with remote bidding by proxy, telephone or internet only, and bidders must pre-register no later than 12 noon on Wednesday.