2-bedroom terraced house · ST13 5JF
Sold STCListed 102 daysAuction 12 Aug · ended
Opportunity summary
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About
For sale by Online Auction - 12th of August 2026. FOR SALE BY ONLINE PUBLIC AUCTION. FORMER RETAIL UNIT WITH PLANNING PERMISSION FOR CONVERSION TO RESIDENTIAL.
GREAT LOCATION - CLOSE TO THE CENTRE OF TOWN. FANTASTIC INVESTMENT / DEVELOPMENT OPPORTUNITY. VERSATILE USE OPTIONS.
Description Town & Country Property Auctions are pleased to offer to the market for sale by unconditional online public auction this vacant former retail unit with planning permission for conversion to a residential home.
The property would also suit a range of commercial uses (subject to consents).
The property has previously been used as retail but has planning approval (SMD/2024/0379) for conversion to a two-bedroom terraced dwelling. The property requires full renovation.
However, this presents an opportunity for investors to develop the property into a commercial space within a prominent part of the town, or, alternatively to convert into residential accommodation.
The property comprises as follows: Lower Ground Floor Lounge 12' 7'' x 9' 10'' (3.83m x 2.99m) First Floor Bedroom 12' 7'' x 9' 10'' (3.83m x 2.99m) Bedroom 7' 3'' x 9' 11'' (2.20m x 3.03m) Shower Room 3' 11'' x 7' 2'' (1.20m x 2.19m) Basement Store Kitchen 11' 4'' x 8' 5'' (3.46m x 2.56m) Viewings are available to serious prospective purchasers who are able to demonstrate that they are proceedable under auction conditions.
All enquiries to Town & Country Property Auctions, Crewe. .
Tenure Freehold Legal Pack A legal pack is a collaboration of important documents of the property or land that is going to be sold at auction.
To review the legal pack, click the Legal Documents button at the bottom of this advert or visit tcpa.co.uk. Auction Information.
To view the auction information, click the Online Bidding button at the bottom of this advert or visit tcpa.co.uk.
UNCONDITIONAL LOT Buyers Premium Applies Upon the fall of the hammer, the Purchaser shall pay a 5% deposit and a 5%+VAT (subject to a minimum of £5,000+VAT) buyers premium and contracts are exchanged.
The purchaser is legally bound to buy and the vendor is legally bound to sell the Property/Lot.
The auction conditions require a full legal completion 28 days following the auction (unless otherwise stated).
Pre Auction Offers Are Considered The seller of this property may consider a pre-auction offer prior to the auction date.
All auction conditions will remain the same for pre-auction offers which include but are not limited to, the special auction conditions which can be viewed within the legal pack, the Buyer's Premium, and the deposit.
To make a pre-auction offer we will require two forms of ID, proof of your ability to purchase the property and complete our auction registration processes online.
To find out more information or to make a pre-auction offer please contact us.
Special Conditions Any additional costs will be listed in the Special Conditions within the legal pack and these costs will be payable on completion.
The legal pack is available to download free of charge under the LEGAL DOCUMENTS'.
Any stamp duty and/or government taxes are not included within the Special Conditions within the legal pack and all potential buyers must make their own investigations.
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 31 Russell Street, Leek, Staffordshire, ST13 5JF
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