Modern Method of Auction
Auction date not yet published
2-bedroom flat · BD4 0ER
Sold STCListed 89 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
FOR SALE BY MODERN METHOD OF AUCTION - STARTING BID £50,000+ RESERVATION FEE. IDEAL INVESTMENT PROPERTY: Well appointed DUPLEX GROUND FLOOR APARTMENT, which has OWN FRONT DOOR/ENTRANCE.
Has been successfully rented for 20 years. Provides 2 Bedrooms over 2 floors and is sensibly priced to sell. Comprises: Ground Floor: Hall, kitchen & lounge.
1st floor: 2 bedrooms & bathroom Entrance by own door Ground Floor Hallway Lounge 4.01m x 2.8m (13' 2" x 9' 2") Kitchen 3.58m x 2.9m (11' 9" x 9' 6") Range of kitchen units, worktops and sink unit, built in oven and hob 1st Floor Bedroom 1 4.04m x 2.72m (13' 3" x 8' 11") Bedroom 2 2.87m x 2m (9' 5" x 6' 7") Bathroom Three piece bathroom suite Outside Communal gardens.
Has own parking spaces with own door (88a) Leasehold The property is leasehold. At the date of instruction there is 972 years left.
We are informed the management fees are approximately £1020 p.a. There is no ground rent. We advise nay interested party to check and confirm this information prior to engaging negotiations.
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 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 (truncated)
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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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
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FAQ
About Tyersal Lane, Tyersal, Bradford, West Yorkshire, BD4
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