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Auction Properties In Yorkshire
Buying Auction Properties In Yorkshire, England
The size of the county is one reason why buying auction properties in Yorkshire can be a good investment. Whether you intend to live there or want to invest in property for the future, there is much to recommend Yorkshire.
As well as expensive properties situated in the city centres and the vast countryside there are plenty of more affordable options. This article will provide information and help you to focus your search for auction properties in Yorkshire.
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Property Prices In Yorkshire
In June 2020 the annual price rise for properties in the UK stood at 2.1%. Prices have fallen by 0.2% since February 2020. Some areas of the UK have experienced a fall in prices whilst other have seen a rise. Overall Yorkshire saw an annual rise of 1% but prices between February and March fell by 3.6%.
The average price for a property in Yorkshire stands at £199.535 at June 2020. Semi-detached homes sold for an average of £179,079 and terraced properties for £143,065. There are differences between the towns and the countryside. You can expect auction property prices in Yorkshire to be lower than those listed at estate agents.
Where Should You Look For Auction Properties In Yorkshire?
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Yorkshire is the largest county in England and there are large cities, small market towns and villages as well as remote countryside locations and seaside resorts. All offer auction properties and where you look will depend upon your individual needs. This section lists five different areas in Yorkshire where you can search for auction properties.
In addition to being a cathedral city, York has a prestigious university and an economy based on the service industry. The transport links make York a popular choice for investors and the city is a cultural haven. Property prices can be high but you get more house for your money than in the capital. You can expect a guide price of £250,000 for a large 5-bedroom semi-detached house.
Rotherham is centred on the banks of the River Don. There is a thriving shopping centre and Clifton Park is an open space with sports facilities. Away from the town centre the landscape is largely rural. Rotherham Central Station has connecting trains to Sheffield and Manchester. The lower property prices make Rotherham a good prospect for investors. Starting price for a 2-bedroom semi can be as low as £20,000. There is also older housing with a guide price for a 4-bedroom end-of-terrace listing at £25,000.
The cathedral city of Ripon is situated close to the Great North Road (A1) and has good bus links to Harrogate and Leeds. The regular weekly market and the racecourse attract many visitors. Ripon has several residential park home sites where a 2-bedroom bungalow can cost £185,000. Less expensive properties in Ripon are available and a 1-bedroom flat will be priced around £99,000. Investing in a 3-bedroom terrace house could bring in an income of £750 per calendar month.
The largest city in Yorkshire, Leeds is still growing fast and has an excellent transport system. The M1 and M62 intersect at the south of the city and the urban ring road M621 links to the motorways. Leeds station has direct trains to all parts of the UK. In addition there is a local airport with domestic flights and European destinations. Leeds is noted for its festivals and the West Indian carnival is the oldest in Europe. Leeds has an abundance of flats, terraced houses, semi-detached and detached houses for auction.
The modest population of Scarborough is swelled by visitors to this hugely popular tourist resort. Scarborough is known for its fishing industry and is expanding in the creative and digital economy. Four major roads link Scarborough to other major cities and towns. The railway has services to Liverpool, York, Leeds and Manchester. Every year in July the annual Seafest festival takes place and this attracts many visitors. Auction properties in Scarborough can be expensive but there are some hidden gems available. Guide price for a studio flat is £30,000.
Auction Properties in Yorkshire FAQ
How Can I Find Auction Properties In Yorkshire?
Contact online auction houses located in the Yorkshire area for lists of upcoming properties or look at what is available through estate agents or local councils. Property auctions in Yorkshire are advertised in the local press and you may find forthcoming property sales through specialist websites.
How Much Are Auction Properties In Yorkshire?
A 2-bedroom terraced house can attract a guide price of £65,000 or £80,000 in the Barnsley area whereas in the city of York it is possible to buy a 1 bedroom flat for a guide price starting at £48,000. Prices vary around the country of Yorkshire so make sure you find an area suitable for your needs and within your budget.
Which Areas Are Best To Find Auction Properties In Yorkshire?
There are plenty of choices including cities like York and Leeds, seaside resorts like Scarborough and Whitby or former industrial towns like Bradford and Barnsley. Towns in Yorkshire tend to be a lot higher in auctions than country property or small villages.
Can I Buy Repossessed Properties At Auction In Yorkshire?
Yes you can buy repossessed properties around Yorkshire at auction. These are advertised with specialist finance companies, banks and the local council. Mortgage companies and auction houses also advertise repossessed properties.
What Type Of Auction Property In Yorkshire Is Available?
The types of auction property available in Yorkshire varies. In cities and towns you can find former industrial buildings converted to residential flats. Equally popular are buy-to-let auction properties and commercial properties. Depending on the area you choose you should be able to find the property that meets your expectations.
Commercial Properties For Auction In Yorkshire
Commercial auction properties in Yorkshire feature guest houses which can bring in a good annual income. In a tourist town like Scarborough you can find a large public house which may be auctioned with a guide price of around £240,000. There are shops, bars and restaurants. Prices will depend upon the location of the property.
Residential Auction Property In Yorkshire
The amount of residential auction properties in Yorkshire gives you a wide choice of locations. Some flats are shared ownership and this is a simple way to get onto the property ladder. As in other counties prices will fluctuate. You can find a cheap residential auction property in Bradford attracting bids from around £10,000.
Buy-To Let Auction Property In Yorkshire
A 2-bedroom mid-terrace house can have a starting price of around £70,000. If you are searching for buy-to-let auction properties in Yorkshire it is essential to select the best location. Towns close to universities or areas where there are many jobs are a good place to start. Some low-priced properties may be in need of redevelopment but after renovation can bring in a good annual income.
Five Reasons To Buy Auction Properties In Yorkshire
1. A Variety Of Auction Property Available In Yorkshire
The array of auction properties available in Yorkshire makes this county a good place to live and to invest. Many towns have an industrial past and buildings have been converted into modern apartments. Whether you are searching for your ideal home or an investment in the future, Yorkshire can supply the answer to your needs.
2. Quality Of Life In Yorkshire
Ask any inhabitant what they value the most and they will say it is the quality of life in Yorkshire. Close proximity to the Yorkshire Dales and the Peak District has made this a destination for people who want to enjoy life at a slower pace. The county lays on plenty of festivals and markets. From the Shambles in York to the pretty seaside resort of Whitby, life in Yorkshire is very attractive.
3. Culture And Shopping In Yorkshire
Like many parts of the UK, Yorkshire has lots of culture. The Crucible Theatre in Sheffield is a venue for performance arts and for snooker. The Alhambra in Bradford, the Grand Theatre in Leeds and the Royal Hall in Harrogate are all local cultural venues. Yorkshire is not short of excellent shopping facilities and the Trinity Shopping centre in Leeds attracts thousands of people every day.
4. Good Location With Transport Links To Other Areas
The central location makes Yorkshire easy to get to and easy to get around. High speed trains link Yorkshire to London and the South. Road links using the M1 and A1 take you south and the M5 and M42 take you to the South West. In addition to these links you are only minutes away from some of the best countryside in the UK.
5. Yorkshire Has Something For Everyone
The encompassing nature of the county including the stunning dales and modern cities makes Yorkshire an attractive proposition to live and to invest. Millions of visitors arrive each year so investing in auction properties can create a good income. If you love traditional pubs you will find lots in Yorkshire and the family friendly nature of the people who live there is another good reason to stay.