Modern Method of Auction
Auction date not yet published
3-bedroom terraced house · B23 6LR
For saleListed 7 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Dixons present to you this spacious three-bedroom mid-terrace property offering generous accommodation providing an excellent opportunity for buyers looking to put their own stamp on a well-proportioned home.
The ground floor begins with an entrance hallway leading into a good-sized front lounge, featuring a bay window and traditional-style fireplace.
A separate dining room provides ample space for family dining and entertaining, while the kitchen is fitted with a range of wall and base units, work surfaces, integrated cooking appliances and useful storage.
Beyond the kitchen is a separate utility area, providing additional practical space and access towards the rear of the property.
The ground-floor bathroom is particularly well equipped, featuring a bath, separate shower enclosure, wash basin and WC.
To the first floor are three bedrooms, including an impressive principal bedroom measuring approximately 15'6" x 12'3", a good-sized second bedroom and a third bedroom which would work equally well as a child's room, guest room or home office.
An additional W/C can be found on this floor for day to day convenience.
Outside, the property benefits from a substantial rear garden with a paved patio area, useful outbuilding/storage shed and further garden space beyond, offering plenty of scope for a purchaser to landscape and personalise to suit their needs.
Offering approximately 1,043 sq. ft.
of accommodation, this traditional home combines generous room sizes with a practical layout and plenty of potential, making it an appealing option for families, first-time buyers or purchasers seeking a property they can improve and make their own.
Early viewing is highly recommended to appreciate the space and potential on offer. Auctioneer Comments; This property is for sale by the Modern Method of Auction.
Should you view, offer or bid on the property, your information will be shared with the Auctioneer, iamsold Limited This method of auction requires both parties to complete the transaction within 56 days of the draft contract for sale being received by the buyers solicitor.
This additional time allows buyers to proceed with mortgage finance (subject to lending criteria, affordability and survey).
The buyer is required to sign a reservation agreement and make payment of a non-refundable Reservation Fee.
This being 4.5% of the purchase price including VAT, subject to a minimum of £6,600.00 including VAT.
The Reservation Fee is paid in addition to purchase price and will be considered as part of the chargeable consideration for the property in the calculation for stamp duty liability.
Buyers will be required to go through an identification verification process with iamsold and provide proof of how the purchase would be funded.
This property has a Buyer Information Pack which is a collection of documents in relation to the property.
The documents may not tell you everything you need to know about the property, so you are required to complete your own due diligence before bidding.
A sample copy of the Reservation Agreement and terms and conditions are also contained within this pack.
The buyer will also make payment of £300 including VAT towards the preparation cost of the pack, where it has been provided by iamsold.
The property is subject to an undisclosed Reserve Price with both the Reserve Price and Starting Bid being subject to change.
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
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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
FAQ
About Gravelly Lane, Birmingham, West Midlands, B23
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