Guide prices start at £12,000 at this month’s property auction in The Oak Room at the Old Town Hall in High Wycombe.

Lots due to go under the hammer on Wednesday, October 24, include two properties in the smart residential area off Amersham Hill.

If you buy one of these and work in London you’ll live so close to Wycombe station you’ll be able to enjoy a Full English before you leave home to catch the train every morning.

The four bedroom period semi (pictured) with a guide price of £425,000+ is in The Greenway, an oasis less than five minutes from the station and town centre.

Like most of the properties in the auction, it needs modernising but there’s potential to extend into the loft space and/or divide up the house into individual flats or room lets.

Today there are three reception rooms, kitchen and bathroom on the ground floor and four bedrooms (one of them is currently used as a kitchen) and a shower room on the first floor.

The entrance hall still has original features. Other advantages include off road parking, a car port and a good sized garden at the back.

The other property within an easy walk of the station and town centre is a second floor studio in an older style house in Rectory Avenue.

It will be the first property on auctioneer Guy Charrison’s list on the 24th. The flat could benefit from a makeover. It has an open plan lounge/bedroom, kitchen, bathroom and parking space. There are 68 years remaining on the lease. Guide: £75,000+.

Also among the lots to be sold at the Thompson Wilson auction is a recently-decorated three bedroom maisonette close to the station at Little Chalfont, (guide: £285,000+).

Others include a three/four bedroom terraced house on the west side of Wycombe and a pair of single garages.

Julian Smith, director of the Wycombe estate agency which has been running regular auctions for many years says the maisonette in Derwent Close, Little Chalfont, has the potential to generate a rental income of £1,350 a month, making it likely to appeal to investors.

Alternatively it would be an ideal first buy for a London commuter, he says. As well as three bedrooms, it has a separate lounge and kitchen, bathroom and two parking spaces.

The terraced house in Booker Lane on the west side of Wycombe (guide: £240,000-£260,000+) is spread over three floors. Off the hall on the ground floor is the kitchen along with the dining room or optional fourth bedroom and the third bedroom.

On the lower ground floor is the main living room. On the top floor are two bedrooms and a bathroom. As well as the garden, there’s a garage and a small workshop.

The pair of single garages are on the north west side of Wycombe on a popular development called Greenhill Gate. There are just over 56 years remaining on the 99 year lease dating from December 1975. One of the garages is let but the tenant will vacate it when it is sold. The other is already empty.

“In our opinion, the potential rental value of each garage is £19 a week, £988 per annum,” says the agent. Guide price for the pair is £12,000 to £15,000+.

If you’re intending to bid at the auction and you’ve never bought property in a saleroom before, you will need to pre-register with the auctioneers before the sale starts by producing evidence of your address and your identity or they won’t accept your bid.

Documents to prove you are who you say you are include a current signed passport, a full UK driving licence, a resident permit issued by the Home Office to EU nationals, an Inland Revenue tax form addressed to you or a firearms certificate. You only need to produce one from this list.

To prove you have a permanent address in the UK , don’t forget to bring a local authority tax bill for the current year, a utility bill within the last three months, a bank, building society or Credit Union statement, your most recent original mortgage statement from a UK lender or a full UK driving licence.

They also won’t accept your driving licence to verify your address if you’ve already used it as proof of identity. You can’t use it twice.

May the luck be with you on the 24th whether you’re a novice or an old hand at auctions. The sale begins at 1pm.