Kickboxer Paul Daley is celebrating a knock-out deal after acquiring a new property under the hammer for just £39,000.
The 33-year-old bought the one-bedroom flat in Derby at SDL Graham Penny’s latest auction which saw 46 of the 57 lots offered snapped up - 81% sales success - mainly by investors.
“I had money in my pocket,” the English professional mixed martial artist and kickboxer told the press. “So I decided to buy a property. I like Derby. My dad lives here.”
Daley (right), who lives in Nottingham, said that he acquired the property on Woods Lane in Derby without viewing it, but still believes that he has bagged a bargain. What’s more, the property is currently let on an AST producing £3,720 a year in rent, generating a gross rental return of 9.54%.
Dozens of homes went under the hammer for bargain prices at last week’s auction, with no fewer than 24 potentially high yielding residential properties sold for less than £100,000.
A two-bedroom ground floor flat on King Street in Market Rasen, LN8, was the highest yielding pre-let property sold on the day. The flat, which is producing an annual rental income of £3,900 a year, was snapped up by a buy-to-let investor for £39,000, generating a gross rental income of 10%.