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 · B26 3FQ
Sold STCListed 159 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
This property is to be offered for sale by PROPERTY SOLVERS ONLINE UNCONDITIONAL AUCTION (28-DAY IMMEDIATE EXCHANGE).
Property Solvers Online Auctions is delighted to present this beautiful 49 sqm ground-floor flat located on 3 Wagon Lane, Birmingham, perfect for a savvy investor.
Situated in a convenient residential location on Wagon Lane, this well-presented ground-floor flat offers an excellent opportunity for first-time buyers, downsizers, or investors alike.
Positioned within easy reach of local amenities, transport links, and Birmingham Airport, the property combines practicality with comfortable modern living in a highly accessible setting.
The flat comprises a bright and spacious lounge, a well-appointed kitchen with ample storage and workspace, and generously sized bedrooms offering comfortable living space throughout.
The flat further benefits from a practical bathroom suite, creating a home that is both functional and inviting.
Outside, the property enjoys communal grounds and convenient access to nearby shops, schools, and public transport connections, including easy links into Birmingham City Centre and surrounding areas.
Offering strong rental potential and everyday convenience, this ground-floor apartment presents an ideal purchase for a variety of buyers seeking affordable living in a well-connected Birmingham location.
More Information The Property Solvers Auctions enquiry line is open 24/7 and we're happy to answer any questions.
28-day unconditional auction terms + conditions, AML requirements and fees are available on our website (Google "Property Solvers Auctions" and select "Auction Property for Sale" in the navigation).
The preliminary legal pack can be viewed directly via the auction listing itself. Property Solvers Auctions will update the legal pack and inform all parties that express interest in bidding.
For conveyancing searches that are not received in time for the auction, a Professional Indemnity Insurance policy can be taken out.
Notice to Bidders Please be aware that if your bid is successful on auction day, the exchange of contracts will happen immediately after the Auction. A 10% deposit will be required.
As part of the Property Solvers Online Auction process, bidders will be required to register online and provide proof of ID documents (passport and photo driving license).
For a full list of requirements, please see the legal pack documents.
Buyer Reservation Fee A 2% + VAT (non-refundable) fee (subject to a minimum of £2,000 + VAT) plus a £125 + VAT processing fee will be due from the winning bidder.
Generally speaking, guide prices are provided as an indication of each seller's minimum expectation, i.e. 'the reserve'.
They are not necessarily figures which a property will sell for and may change at any time prior to the auction.
Virtually every property will be offered subject to a reserve (a figure below which the auctioneer cannot sell the property during the auction) which we expect will be set within the guide range or no more than 10% above a single figure guide.
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.
Area
Agent & docs
FAQ
About 3 Wagon Lane, Birmingham B26 3FQ
Explore nearby
