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See how verdicts work1-bedroom flat · CV3 3GQ
Listing removedListed 187 daysAuction 21 May · ended
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
** IN THE ROOM AND LIVESTREAM AUCTION ** To be sold via Public Auction on Thursday 21st May 2026 at 6:30pm Village Hotel, Canley, Coventry CV4 9GZ Just turn up with 2 forms of ID (no need to pre-register) or register for online, proxy or telephone bidding.
GUIDE PRICE: £25,000 - £45,000 Tenanted, 2 bedroom second floor apartment requiring improvements, plus garage. Benefiting from a balcony, plus outside store.
Currently tenanted with rent payable £6,300 p.a. Leasehold with 48 years remaining. Popular residential area. Ideal Investment opportunity.
NOTE The tenant has been served notice to vacate the property and is currently in rent arrears. VIEWINGS There are currently no viewings available on this property.
ACCOMMODATION SECOND FLOOR Hallway: Lounge with balcony: 13 ft 6 in x 13 ft 1 in Kitchen: 9 ft 7 in x 8 ft 11 in Bedroom 1: 12 ft 5 in x 9 ft Bedroom 2: 14 ft 5 in x 9 ft 2 in Bathroom: OUTSIDE Communal gardens, garage within a block.
SERVICES AND HEATING Mains gas, electricity, water and sewage are supplied to the property. (No tests have been carried out and we are therefore unable to confirm connections.) Gas central heating.
EPC RATING - C COUNCIL TAX BAND - A TENURE Leasehold with vacant possession Term: 99 years from 15/05/1978 Service charge: £50 p.a. Ground Rent: £646.50 p.a.
TENANCY Assured Shorthold Tenancy Periodic Term: 6 months from 09/07/2018 Rent payable: £525 p.c.m. Current arrears of £2,800. (As at 09/04/2026) Section 8 and 21 Notices were served on 06/09/2024.
(Tenant has not vacated) ADDITIONAL COSTS Administration Fee: £1,200 (£1,000 plus VAT) Buyers Premium: £900 (£750 plus VAT) Please see the legal pack for any further costs Tenure: See Legal Pack Disbursements: Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.
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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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 60 Ridgethorpe, Willenhall, Coventry, West Midlands CV3 3GQ
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