Online Trading - Alternative Investments - Buy a Property at Auction
Fed up with online stock trading? Loking for alternative investments ? Not convinced that the art market is a good alternative investment ? Maybe now is the time to dip into that pile of cash you've been hoarding and have a look at the property market! There are plenty of repossessed houses going for bargain prices (maybe) in property auctions. Here are a few prime examples - with thanks to MoneyCentral - including the house made famous by cult film Withnail and I (perhaps Richard E. Grant will buy it?)..
57 Hereford Road, Notting Hill (used to be very middle class then went seriously downmarket into immigrant bedsit land now chic and swanky again after being made famous by that other Grant - Hugh Grant and Julia Roberts)
One bedroom 2nd floor apartment - guide price £210K
Remote Cumbrian farmhouse - made famous by cult film Withnail & I - dirt track, full restoration needed and planning consent required for residential purposes.
Guide price £145K - Auction House - Savills. Feb. 16
52B Warwick Avenue, Maida Vale, London - another upmarket area
Large 1 bedroom flat with potential.
Guide price £170K - Auction House Savills, Feb 16
Kensington Court, Kensington, London
Freehold mid-terrace building on raised ground, five floors to provide 20 letting rooms, 18 let and 2 vacant. Rental yield £80K per annum.
Guide Price: £1.1m to £1.25m.
Auction: Allsop, February 17
There are plenty more around for those willing to seek them out ! At the other end of the scale you could always invest in one of the new $10 laptops that are apparently soon to be made in India.
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