Modern Method of Auction
Auction date not yet published
3-bedroom flat · WV14 8PD
For saleListed 186 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
A deceptively spacious three bedroom maisonette property located in a popular residential area close to local amenities including shops, schools and excellent public transport links.
Offered for sale with no upward chain and by way of The Modern Method of Auction, this impressive home represents an ideal immediate investment opportunity, with the benefit of a tenant in situ.
This purpose built property offers generous family accommodation across three floors and features gas central heating via a combination boiler, uPVC double glazing and an enclosed rear garden.
The ground floor comprises a welcoming reception hall with a practical utility area and direct access to the rear garden.
Stairs from the hallway lead to the first floor, where you will find a homely living room, a stylishly presented dining kitchen and a contemporary bathroom.
The second floor offers two generously sized double bedrooms and a third single bedroom, ideal for use as a home office, nursery or guest/childs room.
Externally, the rear garden offers a patio area, lawn area, timber decking and a rear access gate, providing both privacy and functionality.
This well maintained maisonette combines comfort, convenience and excellent rental potential, making it a superb opportunity for investors and homebuyers alike.
Early viewing is highly recommended to fully appreciate the space and quality on offer. Tenure: LEASEHOLD (approximately 90 years remaining). EPC: D. Council Tax Band: A.
This property is for sale by Modern Method of Auction allowing the buyer and seller to complete within a 56 Day Reservation Period.
Interested parties’ personal data will be shared with the Auctioneer (iamsold Ltd). If considering a mortgage, inspect and consider the property carefully with your lender before bidding.
A Buyer Information Pack is provided, which you must view before bidding. The buyer is responsible for the Pack fee.
For the most recent information on the Buyer Information Pack fee, please contact the iamsold team.
The buyer signs a Reservation Agreement and makes payment of a Non-Refundable Reservation Fee of 4.5% of the purchase price inc VAT, subject to a minimum of £6,600 inc. VAT.
This Fee is paid to reserve the property to the buyer during the Reservation Period and is paid in addition to the purchase price. The Fee is considered within calculations for stamp duty.
Services may be recommended by the Agent/Auctioneer in which they will receive payment from the service provider if the service is taken. Payment varies but will be no more than £960 inc. VAT.
These services are optional. Reception Hall (Ground Floor) 0.01m x 0.01m - 0'0" x 0'0" Having a composite front door, an understairs cupboard, a central heating radiator, and laminate flooring.
Utility room (Ground Floor) 2.84m x 1.83m - 9'4" x 6'0" Having a double glazed door to rear garden.
First Floor Landing 0.01m x 0.01m - 0'0" x 0'0" Having a double glazed window, laminate flooring.
Living Room (First Floor) 4.29m x 3.32m - 14'1" x 10'11" Having a central heating radiator, a central heating radiator, a fireplace and laminate flooring.
Dining Kitchen (First Floor) 3.43m x 3.32m - 11'3" x 10'11" Having inset stainless steel sink top with fitted base units and decorative laminate work tops, range of fitted wall cupboards, plumbing for washing machine, cupboard housing a combination boiler, central heating radiator, double glazed window.
Bathroom (First Floor) 2.64m x 1.88m - 8'8" x 6'2" Having 'White' suites comprising: panelled bath with shower fitting, wash hand basin built into vanity unit, ceramic wall and floor tiling, chrome heated towel rail and double-glazed window.
WC Off (First Floor) 0.01m x 0.01m - 0'0" x 0'0" Having a low flush WC and double-glazed window.
Second Floor Landing 0.01m x 0.01m - 0'0" x 0'0" Having a double-glazed window and an airing cupboard.
Bedroom One (Second Floor) 4.26m x 3.35m - 13'12" x 10'12" Having a central heating radiator, double-glazed window, ceiling light with fan and storage cupboard.
Bedroom Two (Second Floor) 4.16m x 3.3m - 13'8" x 10'10" Having a central heating radiator, double-glazed window and ceiling light with a fan.
Bedroom Three (Second Floor) 2.64m x 1.88m - 8'8" x 6'2" Having a central heating radiator and double-glazed window.
Rear Garden 0.01m x 0.01m - 0'0" x 0'0" Enclosed from neighbouring properties, paved patio area, cold water tap, lawn area, timber decking area, garden shed and gated rear access.
Buyers Information 0.01m x 0.01m - 0'0" x 0'0" In line with UK anti-money laundering regulations, successful purchasers must complete an Anti-Money Laundering (AML) check.
We use a specialist third-party service to verify your identity. The cost of these checks is £30 (including VAT) for each purchaser and any giftors contributing funds.
This fee is paid in advance when an offer is agreed, and prior to the issuance of a sales memorandum. Please note that this charge is non-refundable.
We have been notified by the current owners that the cost of the service charge is approximately £527.00 per year which also includes the building insurance.
There is also a ground rent cost of £10.00 per year. There are 90 years remaining on the lease. All lease information is approximate and should be confirmed by your legal representative.
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
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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 advisors 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 Bank Street, Bilston, WV14 8PD
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