Modern Method of Auction
Auction date not yet published
We've tightened what earns a Pursue. A home now needs a published valuation, a strategy that still makes money after real running costs and lender stress tests, and no listing problems that would stop a mortgage. You'll see fewer Pursues, and each one has been checked harder.
See how verdicts work3-bedroom terraced house · CV31 3BS
For saleListed 2 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Summary open house - Saturday 7th November 09:00 - 10:00, contact us for details.
** open day 7th November ** victorian terrace ** three bedrooms ** two reception rooms ** south facing courtyard garden ** popular location ** no onward chain ** ideal first time buy/investment property ** description Located within close proximity to Leamington Spa town centre and the train station, this charming three-bedroom Victorian terrace offers spacious accommodation arranged over two floors and is being offered for sale with no onward chain.
The property is entered via a front door leading into the entrance hallway, with stairs rising to the first floor.
To the front of the property is a bright and welcoming lounge featuring a bay window, while beyond lies a separate dining room, creating an ideal space for family living and entertaining.
The dining room also benefits from a useful storage cupboard and provides access to the kitchen.
To the rear of the property, the kitchen offers access to the courtyard garden and leads through to the ground-floor bathroom.
On the first floor, there are three bedrooms, providing flexible accommodation for families, professionals, or those working from home.
Outside, the property enjoys a low-maintenance, south-facing courtyard garden, predominantly paved and benefiting from rear access, making it an ideal space for relaxing or entertaining during the warmer months.
Ideally situated within walking distance of the town centre, local amenities, parks, and excellent transport links, this property presents an excellent opportunity for first-time buyers, families, and investors alike.
Auctioneer's Comments This property is offered through Modern Method of Auction. Should you view, offer or bid your data will be shared with the Auctioneer, iamsold Limited.
This method requires both parties to complete the transaction within 56 days, allowing buyers to proceed with mortgage finance (subject to lending criteria, affordability and survey).
The buyer is required to sign a reservation agreement and make payment of a non-refundable Reservation Fee of 4.5% of the purchase price including VAT, subject to a minimum of £6600.00 including VAT.
This fee is paid in addition to purchase price and will be considered as part of the chargeable consideration for the property in the calculation for stamp duty liability.
Buyers will be required to complete an identification process with iamsold and provide proof of how the purchase would be funded.
The property has a Buyer Information Pack containing documents about the property.
The documents may not tell you everything you need to know, so you must complete your own due diligence before bidding.
A sample of the Reservation Agreement and terms and conditions are contained within this pack. The buyer will also make payment of no more than £349 inc. VAT towards the preparation cost of the pack.
Please confirm exact costs with the auctioneer. The estate agent and auctioneer may recommend the services of other providers to you, in which they will be paid for the referral.
These services are optional, and you will be advised of any payment, in writing before any services are accepted. Listing is subject to a start price and undisclosed reserve price that can change.
Location Situated in a highly convenient central Leamington Spa location, Ranelagh Terrace offers easy access to a wide range of amenities including shops, cafés, restaurants, supermarkets and leisure facilities, all within walking distance of the town centre.
The property is well placed for families, with several well-regarded primary and secondary schools nearby, including Shrubland Street Community Primary School and other popular schools within the Leamington area.
Leamington Spa Railway Station is just a short walk away, providing direct services to Birmingham, Coventry and London Marylebone, while excellent road links via the A452, A425, M40 and nearby Warwick make commuting straightforward.
Attractive green spaces, including Jephson Gardens and Pump Room Gardens, are also close by, offering plenty of opportunities for recreation and outdoor leisure. 1.
Money laundering regulations - Intending purchasers will be asked to produce identification documentation at a later stage and we would ask for your co-operation in order that there will be no delay in agreeing the sale.
2: These particulars do not constitute part or all of an offer or contract. 3: The measurements indicated are supplied for guidance only and as such must be considered incorrect.
4: Potential buyers are advised to recheck the measurements before committing to any expense.
5: Connells has not tested any apparatus, equipment, fixtures, fittings or services and it is the buyers interests to check the working condition of any appliances.
6: Connells has not sought to verify the legal title of the property and the buyers must obtain verification from their solicitor.
Value & comps
No previous sales on record.
See the independent valuation, upside vs guide, and per-strategy max bid for this lot. Sign in to see it.
Returns
Set an offer; the calculator follows it.
We're still gathering serviced-accommodation data for this area.
Archie refurb estimate: a Pro feature
0.0% below starting price
This is not financial or investment advice. Prop AI Deals is not authorised by the Financial Conduct Authority (FCA) to provide investment advice.
All investment calculators, property analyses, and AI-generated insights are for informational purposes only. Property investment carries risk and may result in financial loss. All calculations should be independently verified and you should consult with FCA-authorised financial advisers before making any investment decisions.
Past performance does not guarantee future results. Tax implications vary by individual circumstances.
Deal
Properties like this can earn 2–3x BTL yields when converted to HMO, with retrofit costs around £10k/room. Sign in to see the full tier, yield projection, and cost breakdown.
Commercial properties like this can earn 30-50% higher yields when converted to residential under Class MA / Q / P / PA, with prior approval costing ~GBP 96/unit. Sign in to see the recommended route, yield uplift, and cost breakdown.
BRRR-suited properties can recycle 80-100% of investor capital on refi, leaving a high-yielding rental with most of the money out. Sign in to see the refurb cost stack, ARV projection, and refinance maths.
Detached + large garden = sub-division play. Pro tier unlocks the tier badge, plot size, uplift estimate, and regional land benchmark.
Short-lease flats trade at deep discount, but extending under the 1993 Act often costs far less than the discount. Pro tier unlocks the tier badge, premium breakdown, long-lease ARV and arbitrage maths.
See projected short-stay revenue vs a vanilla BTL for this property.
See real sub-let margins (HMO room rates & SA nightly rates) vs the landlord rent.
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FAQ
About Ranelagh Terrace, Leamington Spa
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