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 work2-bedroom flat · WF14 9DF
Listing removedReduced £10k (−13.3%) on 21 JunListed 168 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Modern method of auction - starting bid price £75,000 plus reservation fee Modern 2 Bedroom Apartment with views towards Emley Moor Mast.
Modern Apartment Block | Investment Potential | Gated Carpark | Far-Reaching Views | Ideal First Home or Investment This well presented and modern two bedroom apartment in Mirfield is packed with opportunity and offered chain free via the Modern Method of Auction.
Whether you're a first time buyer, investor, or young professional, this low cost, low maintenance home could be exactly what you've been waiting for.
Set within a well regarded development with gated parking and communal outdoor areas, the property is just a short stroll from local shops and amenities, while also being conveniently located for Mirfield town centre, supermarkets, the train station and the M62 motorway network.
The location couldn't be better for commuters into Leeds or Manchester, or anyone who loves having everything close by.
With electric storage heaters, double glazing and a Juliet balcony, it's ready for someone to move straight in and add their own furniture and finishing touches.
Step inside the property and all rooms lead from the welcoming entrance hallway, creating a practical and well balanced layout.
The bright and airy open plan Kitchen/Dining/Living space is undoubtedly the heart of the home, featuring two windows and glazed balcony doors that make the most of the elevated outlook across Mirfield and towards the horizon of Emley Moor.
You'll also find a modern bathroom complete with shower over bath, WC, basin and useful storage space.
Next to this sits the primary double bedroom, with windows overlooking a blossoming tree and plenty of natural light helping create a calm and relaxing feel.
The second bedroom is smaller but still capable of accommodating a double bed if required.
Alternatively, it would make an ideal home office for those working remotely who want a clear separation between work and living space.
Outside, there's an allocated parking space, so no need to worry about finding a spot after work.
The apartment benefits from a lease with 125 years remaining, sits in Council Tax Band B, and has annual ground rent of £211 per year along with a service charge of £246 per month.
It's sold with no onward chain, so you could be in sooner than you think, especially as the legal pack is already prepared.
Thanks to the Modern Method of Auction, it's also possible to purchase using traditional mortgage finance, and we have advisors available to guide you through your options.
Homes in such a convenient spot rarely stick around. Book your viewing today exclusively with EweMove.
Auctioneer Comments 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.
Anti-Money Laundering Regulations (aml) As compliant estate agents, we are legally required, in accordance with Anti-Money Laundering Regulations, to verify the identity of any proposed buyer or tenant, along with proof and source of funds, before an offer can be formally accepted.
These checks are in place to help protect all parties against fraud, identity theft, and money laundering.
We use a third-party platform to carry out these checks, which incurs a fee of £47.50 including VAT per person or company checked, payable by the buyer.
Entrance Hall 4.01m x 0.94m - 13'2” x 3'1” Kitchen/Dining/Living Room 7.76m x 2.98m - 25'6” x 9'9” Bedroom 1 (Double) 3.65m x 3.25m - 11'12” x 10'8” Family Bathroom 2.2m x 1.9m - 7'3” x 6'3” Bedroom 2 (Double) 4.04m x 1.99m - 13'3” x 6'6”
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 Apartment 15, 53 Water Royd Lane, Mirfield
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