Mixed-use corner building with consent for 4 flats
51 Belswains Lane, Hemel Hempstead HP3 9PWVacant freehold. Planning granted June 2024 (23/00828/FUL) to convert into four flats with rear extensions and a dormer.
Every week we read the auction catalogues covering the Home Counties and pull out the lots an investor would actually want to see: planning gains, refurbs, conversions, mixed-use and income. 22 lots this week across 5 auctions.
Grouped by auction date. Guide prices as published on 4 October 2026; lots can be sold prior or withdrawn.
Vacant freehold. Planning granted June 2024 (23/00828/FUL) to convert into four flats with rear extensions and a dormer.
Vacant freehold commercial buildings. Prior approval (July 2026) for five homes; alternative plans drawn for a 17-bed HMO.
Let at £43,200 a year, a 12.3% gross yield on the guide. Long leasehold (around 1,068 years).
Detached freehold shop plus 3–4 bed house, let at £26,400 a year. Plot around 367 sq m with parking for 5+.
Vacant freehold on a plot of around 536 sq m, with potential for an extra dwelling at the side (subject to consents).
Vacant freehold 3-bed detached, EPC E, marketed with potential for development (subject to consents).
Freehold site with full planning (April 2025, 25/00214/FUL) for a two-storey dwelling. A self-build or small-developer starter.
Freehold, around 1,044 sq ft. Let at £15,000 a year on a lease from 2019, but the receivers aren't currently collecting rent, so read the legal pack.
Housing association sale. One vacant flat to refurbish plus the freehold of two flats sold on roughly 87-year leases.
Freehold. Planning in principle granted March 2026 (UTT/26/0046/PIP); a pre-app has also been made for a care home.
Vacant freehold former supported-living building with full planning (HW/FUL/23/00371) to convert into eight flats for social rent.
Freehold 5-bed farmhouse needing modernisation, an uninhabitable bungalow and farm buildings. Development potential (subject to consents).
Around 5,084 sq ft plus workshop, needs full refurbishment. Application for 7 flats (CA/20/02190) undecided due to nutrient neutrality.
Vacant freehold, around 986 sq ft. Sketch plans for a single dwelling, or a shop with a 2-bed flat above (subject to consents).
Freehold, all services disconnected. A straightforward refurb-and-refinance candidate.
One vacant house with planning (ref 250378) for an extra dwelling; the other let at £950 pcm. Near the university.
Vacant freehold in the town centre, suitable for a range of uses (subject to consents).
Freehold, EPC E, with driveway. A classic buy-refurb-refinance.
Freehold, 431 sq m. Not safe to enter, so no internal viewings. Most mainstream lenders won't touch this; bridging will.
Freehold, around 3,029 sq ft with parking.
Freehold, around 164 sq m. Two units vacant; one let at £1,300 pcm with possession proceedings under way.
Around 113 sq m, both let (£1,100 + £1,200 pcm, tenants holding over).
When the hammer falls you exchange contracts on the spot, pay a 10% deposit, and usually have 28 days to complete. That is too tight for most mortgages, and lots that need work, have no kitchen, or carry a planning angle often are not mortgageable at all. That is why experienced auction buyers arrange auction bridging finance before they bid, not after.
Agreeing terms in principle before the sale means you walk in knowing your ceiling, you can bid with confidence against cash buyers, and you do not risk losing your deposit because a lender went quiet in week three. It costs nothing to get indicative terms and there is no credit search at that stage.