Life tenancy properties can be difficult to sell and the audience of buyers is typically limited to the bigger property investors who can take a long term view of the property - this means the sale price is usually on the low side. However, there is an alternative - selling your life tenancy property at auction. Life tenancy investments sell very well at auction. Take a look at these examples of life tenancy properties that have sold at auction.
Example auction sales: life tenancy properties
If you're considering selling a life tenancy property you may wish to take a look at our guide to selling sitting tenant properties for more information about why an auction sale can be the best way to achieve the highest sale price.
Sold at auction: Colwyn Bay, Clwyd, LL29 7UE
Address: 1 Beech Mount, Colwyn Bay, Clwyd, LL29 7UE
Description: Freehold End of Terrace House Two Floor 5 Room(s) Garden Life Tenancy. Income of £2,327
Sale price: £51,000
Auctioneer: SDL Auctions
Date of auction: 25/04/2017
Sold at auction: Kirkby Stephen, Cumbria, CA17 4NL
Address: Otterkeld, Ravenstonedale, Kirkby Stephen, Cumbria, CA17 4NL
Description: Freehold Detached Cottage Two Floor 5 Room(s) Garden Life Tenancy
Sale price: £140,000
Auctioneer: Michael C. L. Hodgson
Date of auction: 03/03/2017
Sold at auction: Shanklin, Isle of Wight, PO37 6LS
Address: Flat 19, Ashcombe Court, 40 Victoria Avenue, Shanklin, Isle of Wight, PO37 6LS
Description: Leasehold 1st Floor Apartment Two Room(s) Communal Gardens Life Tenancy
Sale price: £45,000
Auctioneer: Network Auctions
Date of auction: 08/03/2017
Sold at auction: Grantham, Lincolnshire, NG33 5NZ
Address: 21 & 23 Bridge End, Colsterworth, Grantham, Lincolnshire, NG33 5NZ
Description: Freehold Two Cottage Two Floor Three Room(s) Garden Garage/s Part Vacant
Sale price: £134,000
Auctioneer: The County Property Auctions
Date of auction: 23/11/2016
Sold at auction: Ryde, Isle of Wight, PO33 3QN
Address: 21 Nelson Crescent, Ryde, Isle of Wight, PO33 3QN
Description: Freehold Detached Bungalow Three Room(s) Garage/s Garden Life Tenancy
Sale price: £78,000
Auctioneer: Network Auctions
Date of auction: 07/07/2016
Selling a house with a sitting tenant?
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Next steps
Thinking of selling a life tenancy or sitting tenant property at auction? These investments attract strong interest from buyers. Request a free pre-auction appraisal or call us on 0800 862 0206 - we'll be happy to help.
