1-bedroom house · CV34 4UW
Listing removedReduced £5k (−3.3%) on 29 AugListed 110 daysAuction 29 Sep · ended
Opportunity summary
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About
Description Being Sold via Secure Sale online bidding. Terms & Conditions apply. Starting Bid £150,000.
Offered for sale with no upward chain, this charming traditional one-bedroom leasehold terrace property presents an exceptional opportunity for first-time buyers, investors or those looking to downsize.
Benefitting from an impressive 973 years remaining on the lease and an allocated parking space, this beautifully presented home has been tastefully modernised throughout whilst retaining a warm and homely feel.
Tucked away in a private position just moments from the heart of Warwick, the property offers a unique sense of privacy and tranquillity whilst remaining within easy walking distance of the town's extensive amenities.
Combining traditional character with contemporary interior styling, this well-maintained home is ready to move straight into and enjoy, providing comfortable, low-maintenance living in a highly sought-after location.
The accommodation briefly comprises a modern fitted kitchen and contemporary shower room to the ground floor, with stairs leading to a spacious first-floor lounge and a generous double bedroom.
This delightful property perfectly blends period charm with modern-day living, creating a characterful home ideally suited to a variety of purchasers.
Smith Street is widely regarded as one of Warwick's most desirable and historic locations, offering an enviable lifestyle with an excellent selection of independent cafés, restaurants, traditional public houses, boutique shopping and everyday amenities all within easy walking distance.
Renowned for its rich history and stunning architecture, including the iconic Warwick Castle, Warwick provides a truly exceptional setting for both homeowners and investors alike.
Early viewing is highly recommended to fully appreciate the charm, character and location that this wonderful home has to offer.
Auctioneers Additional Comments Pattinson Auction are working in Partnership with the marketing agent on this online auction sale and are referred to below as 'The Auctioneer'.
This auction lot is being sold either under conditional (Modern) or unconditional (Traditional) auction terms and overseen by the auctioneer in partnership with the marketing agent.
The property is available to be viewed strictly by appointment only via the Marketing Agent or The Auctioneer. Bids can be made via the Marketing Agents or via The Auctioneers website.
Please be aware that any enquiry, bid or viewing of the subject property will require your details being shared between both any marketing agent and The Auctioneer in order that all matters can be dealt with effectively.
The property is being sold via a transparent online auction.
In order to submit a bid upon any property being marketed by The Auctioneer, all bidders/buyers will be required to adhere to a verification of identity process in accordance with Anti Money Laundering procedures.
Bids can be submitted at any time and from anywhere. Our verification process is in place to ensure that aml procedure are carried out in accordance with the law.
The advertised price is commonly referred to as a 'Starting Bid' or 'Guide Price' and is accompanied by a 'Reserve Price'.
The 'Reserve Price' is confidential to the seller and the auctioneer and will typically be within a range above or below 10% of the 'Guide Price' / 'Starting Bid'. These prices are subject to change.
An auction can be closed at any time with the auctioneer permitting for the property (the lot) to be sold prior to the end of the auction.
A Legal Pack associated with this particular property is available to view upon request and contains details relevant to the legal documentation enabling all interested parties to make an informed decision prior to bidding.
The Legal Pack will also outline the buyers' obligations and sellers' commitments.
It is strongly advised that you seek the counsel of a solicitor prior to proceeding with any property and/or Land Title purchase.
Auctioneers Additional Comments In order to secure the property and ensure commitment from the seller, upon exchange of contracts the successful bidder will be expected to pay a non-refundable deposit equivalent to 5% of the purchase price of the property.
The deposit will be a contribution to the purchase price.
A non-refundable reservation fee of up to 6% inc VAT (subject to a minimum of 6,000 inc VAT) is also required to be paid upon agreement of sale.
The Reservation Fee is in addition to the agreed purchase price and consideration should be made by the purchaser in relation to any Stamp Duty Land Tax liability associated with overall purchase costs.
Both the Marketing Agent and The Auctioneer may believe necessary or beneficial to the customer to pass their details to third party service suppliers, from which a referral fee may be obtained.
There is no requirement or indeed obligation to use these recommended suppliers or services.
Council Tax Band: B (Warwick District Council) Tenure: Leasehold (973 years) Ground Rent: £0 per year Service Charge: £48 per month Lease Term 999 years from 29 September 2000 Communal annual insurance premium £250 Allocated car parking space Front Allocated car parking space, bin area, side facing door to entrance hall.
Entrance Hall Doors leading to kitchen and shower room, side facing window, spotlights to ceiling, wall mounted electric heater, ceramic tile floor, stairs to first floor.
Kitchen (5.29m x 1.78m) Range of wall and base units, bowl sink and mixer tap with drainer, worksurface, side facing window, electric hob and extractor hood, electric oven, plumbing for a washing machine, space for tumble dryer and fridge/freezer, tiling to splash areas, storage cupboard, spotlights to ceiling, wall mounted electric heater, ceramic tiled floor.
Shower Room (2.71m x 1.62m) Electric shower, sink and mixer tap inset into storage cabinet, low flush wc, wall mounted electric towel radiator, side facing window, wall mounted electric fan heater, extractor fan, ceramic tiled floor, floor to ceiling tiled.
Lounge (3.09m x 2.18m) 2 front facing secondary glazed windows, wall mounted electric heater, spotlights to ceiling, door to bedroom.
Bedroom 1 (3.09m x 2.18m) 2 secondary glazed rear facing windows, range of built in bedroom furniture two 1/2 doors to storage cupboards, spotlights to ceiling.
Value & comps
No previous sales on record.
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Returns
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Archie refurb estimate: a Pro feature
0.0% below starting price
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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 11 The Knibbs, Warwick
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