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Wednesday, November 06, 2013

Auction latest - still yielding results

 Property Type
Av. Lot Size
Assured Shorthold
Ground Rents (80 yrs+)

The latest auction results from Allsop property auction at the end of October shows that it is still possible to pick up London and SE property at auction that have double digit rental yields.   With buying at auction it's all about having access to finance for the initial purchase which limits the amount of competition from other landlords.  You will have to find a 10% deposit on the day of the Auction and then completion is normally 28 days which excludes the use of a standard buy-to-let mortgage.  For more advice on buying investment property at auction please consult the Landlords Bible.

To have a look at the latest set of auction results follow this link.

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