Should I buy Cheap Properties at Auction?

With regards to buying at auction, the first thing to watch out for are the hidden fees that are added on top of the price you agree to pay, so you need to thoroughly check the agreements to make sure you have correctly calculated all the costs.  It is also wise to check out the legal title of the property as there can be issue with the title that can be expensive to resolve if missed.  If you take on a project property costs can run out of control if you are inexperienced or have missed non-obvious issues such as electrical, damp, and roof work.  Lastly, location is a key factor, the wrong street can be a disaster! 

Overall mistakes in buying the wrong property can be very expensive.    We have the neccssary experience, time and skills to investigate every appropriate property for sale before selecting the most appropriate properties and  refurbishing the properties up to the same good lettable standard for the tenants.   We even find the tenants for the properties as well, and all of this is included in the proce of the property so there are no surpise costs.  

The advantages of buying a property with Readylet Properties,  include -

- properties are in areas with a high rental demand. 

- the careful and highly skilled examination of the contracts and property for flaws

- refurbishment of the property by our builders before you complete your purchase plus no charge to fix snagging issues for 6 months from your completion date, any adhoc maintenance issues will be dealt with by our maintenance team swiftly and competitively.

-the detailed knowledge of the local area and people, and

-the acquisition and management of suitable tenants.

This means you have a totally hands off investment providing you a steady income for now and in the future.


Please get in contact for our latest property list and to find out more!  01483 663001