Anybody who has watched BBC's Homes Under the Hammer will know just how beneficial buying a property at an auction can be. Houses that go under the hammer can not only be bought at a much cheaper price than what they would go for on the market, but each home is often run-down - meaning you can completely rip it out and make it your own.
SDL Property Auctions have four homes across Greater Manchester that are set to go to auction on September 29 - and they are the ultimate 'fixer-upper' style properties. With dated interiors, peeling walls and stained ceilings, each requires a fair bit of gutting and renovating but they have the potential to become a great home to live in or rent.
With prices ranging from £125,000 to £225,000, it is well worth taking a look at what these homes have to offer and registering your interest ahead of the auction day.
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Andy Thompson, head of auctions in the north west for SDL Property Auctions said: "The main benefit to buying a home at auction rather than through a traditional estate agent is that you should hopefully get a bit more property for your money. If you’re a first-time-buyer, it can be a way of getting on the property ladder earlier or in a more preferred location with a smaller deposit.
"The main misconception with auction is that all the properties we sell have something wrong with them. In reality, auction offers a really swift and secure way of selling – the whole sale process is usually done within 4-6 weeks, compared to around 4-6 months on the open market.
"Given that most of these type of properties are often a little dated inside too, it also appeals to that traditional ‘Homes Under the Hammer’ demographic of buyer."
If you fancy taking on a big renovation project - here are four properties in Greater Manchester that are up for grabs:
Brendon Avenue, Moston
Guide price: £125,000
This semi detached house in Manchester has remained in the same family for generations and is available to buy for the first time in more than 60 years.
The characterful three-bedroom property sits in Moston close to a number of transport links, well-regarded schools, shops, eateries and various other local amenities.
This bay-fronted property requires a 'full scheme of modernisation' and is ideally suited to a local developer or home-buyer looking to take on a family project.
The property is well laid out with spacious rooms set over two floors. On the ground floor is a small porch, hallway, lounge, dining room and kitchen.
Upstairs on the first floor are three bedrooms and one bathroom. Outside the home has a driveway to the front and a garden to the front and rear.
You can register to bid for this property here.
Franklyn Close, Denton
Guide pr ice: £140,000
Located on a quiet cul-de-sac within Denton is this semi-detached property that is going under the hammer.
The two-bed home offers a great opportunity for developers, landlords or even a family project for a local buyer
Internally the property is set over two floors and a requires full refurbishment throughout due to its run-down state.
On the ground floor is an entrance hall, lounge and kitchen, with a landing, master bedroom, second bedroom and a bathroom upstairs.
The property benefits from front and rear gardens outdoors.
You can register your interest for this property here.
Urban Road, Sale
Guide price: £170,000
This three-bed terraced house has gone up for auction in Sale towards the bottom of a leafy cul-de-sac that backs onto Bridgewater Waterway Canal.
The area hosts a thriving community and is one of Greater Manchester’s most sought-after locations, particularly popular with modern families and commuting professionals.
On the ground floor the property has a hallway, lounge, dining room and kitchen and there are three bedrooms and one bathroom on the first floor.
The property is being let on a protected lifetime tenancy and is currently producing £227.50 per calendar month.
You can register to bid for this property here.
Alexander Drive, Timperley
Guide price: £225,000
This three-bedroom semi detached home in Timperley requires a full renovation project due to its derelict state.
Located within a well-established residential area, the property sits close to the market town of Altrincham, boasting a significant array of shopping amenities as well as a thriving food and drink scene.
The property itself has been in the same ownership for more than 50 years and now requires a full scheme of refurbishment, making it a great opportunity for a local developer or home-owner looking to take on a project.
There is a hallway, lounge, reception room and kitchen on the ground floor. Upstairs there are three bedrooms, one bathroom and a separate w/c.
Outside there's a driveway and garden to the front with an adjoined garage. To the rear there's a good sized garden with a detached shed.
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