Encountering properties listed for auction that present development opportunities or have already obtained approved planning permissions.

One can frequently encounter properties listed for auction that present development opportunities or have already obtained approved planning permissions. Our website has a streamlined filtering mechanism, facilitating the identification of properties that possess the requisite planning approvals. For those not bearing such permissions, many of the listings on our platform are described as "unmodernised" or exhibit conspicuous development prospects.

As an illustrative case from February 2021, we draw your attention to a property tendered by Barnard Marcus with an initial guide price of £250,000 (View lot here). Subsequently, this property was successfully transacted through their online auction at a sum of £270,000. Noteworthy is the inherent development potential that the property harboured, primarily in the form of an extensible footprint. Indeed, the discerning buyer recognised this potential and executed a rear extension, thereby introducing an additional bedroom to the property's configuration. For a comprehensive visual comparison of the property's layout before and after this transformative intervention, see below the attached floor plans:

(Left: Before - Right - After)

Further substantiating of such investments, we present photographs the property's condition at the time of its initial auction offering.

Subsequently, see the transformation achieved by the investor, evidenced by the images capturing the property's resplendent state upon its resale in October 2021, at an astonishing £487,000—a remarkable uplift of £217,000 within a relatively short timeframe:

For those eager to embark on similar investment journeys, be it in the pursuit of properties with pre-existing planning approvals or those poised for development potential, we encourage you to explore our website forthwith. To facilitate your exploration, we extend the invitation to partake in a complimentary 2-day trial of our services. Seize this opportunity today and embark on your path to property investment success!