Modern Method of Auction
Auction date not yet published
3-bedroom terraced house · B11 3LG
For saleReduced £10k (−6.3%) on 16 OctListed 41 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Modern auction property - T&c's and Buyers Fees Apply - A three-bedroom mid-terrace property offering excellent potential for modernisation and re-decoration.
The accommodation briefly comprises a lounge/diner, kitchen and downstairs bathroom, with a small private rear garden.
Further benefits include on-road parking, gas central heating and UPVC double glazing.
Property Frontage The property is set back from the road behind a low-level boundary wall, with paved fore-garden and UPVC double glazed door leading into: Lounge Diner - 7.8m x 3.3m (25'7" x 10'9") Having a UPVC double glazed bay window to the front elevation, two central heating radiators, wood effect flooring, dado rail, wall lighting, two ceiling light points, fireplace with marble hearth and wooden surround, UPVC double glazed window to the rear elevation and door leading through to: Inner Hallway With central heating radiator, under-stairs storage cupboard, stairs rising to the first floor and door leading through to: Kitchen to Side - 3m x 2m (9'10" x 6'6") Fitted with a range of wall, drawer and base units with roll-top laminate work-surfaces over incorporating a sink and drainer unit, four ring gas hob with electric oven beneath, stainless steel splash-back and extractor over, under-cupboard lighting, space and plumbing for a washing machine, tiling to splash-back areas, wall mounted logik central heating boiler, tiled flooring and a UPVC double glazed window to the side elevation Inner Lobby Area Having an obscure UPVC double glazed door to the side elevation, tiled flooring, loft access and door leading through to: Downstairs Bathroom to Side - 1.8m x 1.8m (5'10" x 5'10") Having a panelled bath with shower attachment over, low flush WC and pedestal wash hand basin, central heating radiator, tiled flooring and walls, ceiling light point, extractor fan and an obscure UPVC double glazed window to the side elevation Accommodation On The First Floor Landing Having a UPVC double glazed window to the side elevation, loft access, ceiling light point and doors radiating off to: Bedroom One to Front - 3.3m x 3.3m (10'9" x 10'9") Having a UPVC double glazed window to the front elevation, central heating radiator, wood effect flooring and ceiling light point Bedroom Two to Rear - 3.6m x 2.3m (11'9" x 7'6") Having a UPVC double glazed window to the rear elevation, central heating radiator, ceiling light point and fan Bedroom Three to Rear - 3m x 2m (9'10" x 6'6") Having a UPVC double glazed window to the rear elevation, central heating radiator and ceiling light point Rear Garden Having a paved patio area with step leading up to a shingled area, with fencing to the boundaries and gated rear access Tenure We are advised by the vendor that the property is freehold.
We would advise all interested parties to obtain verification through their own solicitor or legal representative. EPC supplied by vendor.
Current council tax band – A 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.
Property Misdescriptions Act Smart Homes have not tested any equipment, fixtures, fittings or services mentioned and do not by these Particulars or otherwise verify or warrant that they are in working order.
All measurements listed are given as an approximate guide and must be carefully checked by and verified by any Prospective Purchaser. These particulars form no part of any sale contract.
Any Prospective Purchaser should obtain verification of all legal and factual matters and information from their Solicitor, Licensed Conveyancer or Surveyors as appropriate.
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 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
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FAQ
About 235, Percy Road, Birmingham
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