Modern Method of Auction
Auction date not yet published
3-bedroom bungalow · ST7 2JT
Sold STCReduced £40k (−16.7%) on 11 SepListed 63 days
Opportunity summary
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About
An extended detached dormer bungalow on Close Lane, featuring the majority of the accommodation to the ground floor, with a third bedroom to the first floor.
For sale by modern method of auction - Starting bid £240,000 plus reservation fee.
Situated on the sought-after Close Lane in Alsager, this well proportioned bungalow offers a very rare opportunity to purchase a property which requires some modernisation, but has a huge amount of scope and potential!
A central hallway leads to most rooms, with two double bedrooms (both featuring fitted wardrobes), the lounge with bay window giving access to the dining room, through then into the spacious kitchen/diner.
The kitchen features two sets of doors opening to the rear garden, access to a utility room and a separate shower room.
The main three piece bathroom suite is accessed from the hallway and the third double bedroom to the first floor completes the internal accommodation.
Ample off-road parking is provided via a shale driveway with an access gate to the side opening to the rear garden.
The rear garden is well proportioned with lawned and patio areas, the single garage is in a state of disrepair but offers scope to rebuild (subject to pp).
Close Lane occupies a prime position close to Alsager town centre and its many amenities, whilst remaining close to a number of schools such as Alsager School and Cranberry Academy.
Commuting routes such as the M6, A500 and A34 are within easy reach, as well as several leisure facilities including Alsager Leisure Centre, Alsager Sports Hub and Alsager Golf Club.
A detached true bungalow in a well regarded location, offering excellent potential! Please contact Stephenson Browne to arrange your viewing.
Entrance Hall UPVc panelled door having double glazed frosted insets. Single panel radiator. Doors to all rooms.
Lounge (3.928 into bay x 3.950 (12'10" into bay x 12'11")) Double glazed windows to the side and rear elevation. Double panel radiator. Adam’s style fireplace with gas fire.
Opening into:- Dining Room (3.339 x 3.321 (10'11" x 10'10")) Double glazed window to the side elevation. Single panel radiator. Stairs to the first floor.
Kitchen Diner (5.534 x 4.158 (18'1" x 13'7" )) Range of wall, base and drawer units with work surfaces over incorporating a dual sink unit with drainer and mixer tap.
Space for a tumble dryer and dishwasher. Integrated gas hob with extractor canopy over. Double glazed French doors and patio doors opening to the rear garden.
Double glazed window to the side elevation. Door into:- Utility Room (1.760 x 0.870 (5'9" x 2'10")) Space for a washing machine. Wall mounted gas central heating boiler.
Door into:- Shower Room (1.764 x 1.758 (5'9" x 5'9")) Three piece suite comprising a low level WC, pedestal wash hand basin and a shower cubicle with shower over.
Double glazed frosted window to the side elevation. Single panel radiator. Bedroom One (4.335 into bay x 3.989 (14'2" into bay x 13'1")) Double glazed bay window to the front elevation.
Double panel radiator. Bedroom Two (2.771 to robes x 3.360 (9'1" to robes x 11'0")) Fitted wardrobes with hanging rails and shelving. Single panel radiator. Double glazed window to the rear elevation.
Family Bathroom (2.481 x 2.321 (8'1" x 7'7" )) Three piece suite comprising a low level WC, vanity wash hand basin with storage cupboard below and a panelled bath with mixer tap.
Double glazed frosted window to the rear elevation. Single panel radiator. First Floor Bedroom Three (3.216 x 5.327 (10'6" x 17'5")) Single panel radiator. Two skylights. Eaves storage.
Externally The property is approached by a shale driveway with hedged and fenced boundaries. Access gate to the rear garden.
The rear is currently overgrown with a paved patio area and lawn with walled, fenced and hedged boundaries. Detached Garage Please note the garage is in a state of disrepair.
Alsager Aml Disclosure Agents are required by law to conduct Anti-Money Laundering checks on all those buying a property.
Stephenson Browne charge £49.99 plus VAT for an aml check per purchase transaction. This is a non-refundable fee.
The charges cover the cost of obtaining relevant data, any manual checks that are required, and ongoing monitoring.
This fee is payable in advance prior to the issuing of a memorandum of sale on the property you are seeking to buy.
Council Tax Band The council tax band for this property is Freehold Tenure We have been advised that the property tenure is Freehold.
We would advise any potential purchasers to confirm this with a conveyancer prior to exchange of contracts.
Auctioneers 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 will pay £349 inc VAT for this pack.
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 £450.
These services are optional. Nb: Copyright The copyright of all details, photographs and floorplans remain the possession of Stephenson Browne.
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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