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See how verdicts work3-bedroom flat · B23 6TP
Listing removedListed 140 daysAuction 25 Jun · ended
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
For sale by Auction on 25 June 2026.
Offered in partnership with Waller & Farnworth - Erdington A modernised three storey terraced period property in central Erdington - Former electrical appliance repair shop now arranged as two self-contained flats with separate entrances.
A one bedroom ground floor flat and a two bedroom duplex flat above having the benefit of being fitted with a Mitsubishi air source heat pump for efficient, low-cost heating and hot water.
Potential rental income of £625 for the ground floor one bedroom flat, and £750 for the duplex with two bedrooms. Located close to high street shops, amenities and transport links.
Erdington Cross City Line Rail Station 850m/0.5 miles. M6 Junction 6/A38 (M) Aston Expressway for access to Birmingham City Centre and Midlands Motorway network just 2.5km/1.5 miles by vehicle.
Flat One - Ground Floor Entrance Hall: 12ft 5 x 3ft 0 (3.78m x 0.91m) Kitchen: 10ft 10 x 7ft 2 (3.30m x 2.18m) Lounge: 12ft 11 x 11ft 8 (3.93m x 3.55m) Shower Room (off Entrance Hall) Double Bedroom with Two Roof Skylights: 12ft 4 x 6ft 4 (3.76m x 1.93m) Flat Two - Duplex to First/Second Floor Lounge: 16ft 0 max x 9ft 0 max (4.87m x 2.74m) Shower Room: 4ft 11 x 4ft 9 (1.50m x 1.45m) Second Floor/Attic Bedroom One: 16ft 2 x 12ft 9 max/9ft 3 min (4.92m x 3.88m/2.82m) Bedroom Two with Roof Window: 11ft 10 x 9ft 2 max/7ft 3 min (3.60m x 2.79m/2.21m) Note Please be advised that whilst our joint agent has conducted an inspection, the auctioneers have not personally inspected the property.
Prospective buyers are advised to make any necessary independent enquiries before placing their bid, as this will be binding.
Draft Sales Particulars These sales details are awaiting vendor approval Tenure: Freehold EPC Rating: E C Terms: Auction Details The sale of this property will take place on the stated date by way of Live streamed auction and is being sold under the Unconditional sale type.
Binding contracts will be exchanged at the point of sale. All sales are subject to our Common Auction Conditions and Bidder Terms.
Properties located in Scotland and Northern Ireland will be subject to applicable local laws.
Auction Deposit and Fees The following deposits and non- refundable auctioneers fees apply: • 5% deposit (subject to a minimum of £5,000) • Buyer’s Fee of 4.8% of the purchase price (subject to a minimum of £6,000 inc.
VAT) There may be additional fees listed in the Special Conditions of Sale, which will be available to view within the Legal Pack. You must read the Legal Pack carefully before bidding.
Additional Information For full details about our auction processes, please refer to the Bidder Terms which can be viewed on our home page.
This explains the types of auction and sale methods we offer, the bidding registration process, your payment obligations, and how to view the Legal Pack (and any applicable home report for residential Scottish properties).
Guide Price & Reserve Price Each property sold is subject to a Reserve Price. The Reserve Price will be within + or - 10% of the Guide Price.
The Guide Price is issued solely as a guide so that a buyer can consider whether or not to pursue their interest. A full definition can be found within the Buyers Terms.
Value & comps
No previous sales on record.
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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
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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.
Area
Agent & docs
FAQ
About 10 Coton Lane, Birmingham, West Midlands B23 6TP
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