Loveitts final auction of the year is set to trigger a bidding frenzy with 18 out of its 24 lots having guide prices of under £100,000.
The next auction is taking place on November 23 at the Village Hotel, Coventry at 6.30 p.m. and Loveitts Director and Auction Manager Sally Smith is expecting a bumper crowd keen to seize a good investment opportunity.
The 24 lots set to go under the hammer comprise a mix small parcels of land and residential properties, amongst which there are some real bargains to be had including the cheapest property in Nuneaton. There are also a number of properties ripe for renovation and redevelopment.
One such property is a one bedroom flat at Lexington Court which is the cheapest property Loveitts and the Nuneaton area has to offer.
Lexington Court is based in a prime spot town centre location on Abbey Street in Nuneaton, Warwickshire. The property comprises external parking and gardens, a bathroom, lounge and kitchen facilities and gas central heating.
With a guide price of just £40,000 - £50,000 it is a steal for potential investors.
Country lovers will have their sights set on a small parcel of land situated in the charming village of Hidcote Boyce situated in the heart of the Cotswolds.
Located near Chipping Campden, it is truly an idyllic site. Sized at 0.159 acres the plot has a guide price of £40,000 and £50,000.
Another stand-out residential property which is set to be a hot favourite amongst prospective buyers is a 4-bedroom house based in Atherstone, Warwickshire.
A highly desirable property with its own front and side gardens and driveway, it has a guide price of between £250,000 and £260,000. Originally the house was two semi-detached cottages which have been knocked into one.
Whilst some renovation and redecoration is required, it is property with huge potential for to buyers seeking a residential property with character and charm.
Loveitts’ expert auction team always inspect every property to ensure that the most comprehensive advice is given, the best possible price is achieved, and the contract is completed upon the fall of the hammer.
Sally Smith commented: “We have had tremendous levels of interest in the five auctions we have held so far this year and have achieved an average success rate of 84% - largely fueled by the growing popularity of auctions.
“However, we believe our November auction will send the sparks flying and set a new record both in terms of people attending and properties sold.
“We have a fantastic line up of properties which will have mass appeal and we are looking forward to an exciting night of bidding.”
Loveitts which was established in 1843, held its first auction 100 years ago. As a business it is unique as it specialises in properties only across Coventry and Warwickshire. Coventry’s only local auctioneer, it is also the largest independent multi-disciplinary practice of estate agents, chartered surveyors, valuers and auctioneers in the region with offices is Coventry, Nuneaton, Leamington Spa and Southam.