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TODAY'S OTHER NEWS

Kickboxer secures knock-out deal

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.”

Kickboxer secures knock-out deal

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%. 

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