Modern Method of Auction
Auction date not yet published
3-bedroom terraced house · CV21 2HT
For saleListed 34 days
Opportunity summary
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About
Summary Being sold via Secure Sale online bidding. Terms & Conditions apply.
Pattinson Auction are pleased to offer for sale this three bedroom mid-terraced Victorian property, ideally situated within the popular residential area of New Bilton and within walking distance of Rugby town centre.
The accommodation is arranged over two floors and begins with an entrance hall with useful storage cupboard.
There is a lounge featuring a fireplace, together with a separate dining room with access to the staircase rising to the first floor.
To the rear is a fitted kitchen with a door opening onto the garden, an inner lobby and a ground floor family bathroom fitted with a modern three-piece white suite.
The dining room offers flexibility and could serve as a fourth bedroom, making the property suitable for conversion to a HMO (subject to planning approval).
To the first floor are three good-sized double bedrooms. Further benefits include UPVC double glazing and gas-fired central heating via radiators.
Externally, on-street parking is available to the front, while to the rear is an enclosed garden which is predominantly laid to lawn with a concrete hardstanding area immediately adjoining the property.
Location New Bilton is a popular and well-established residential area situated within easy reach of Rugby town centre.
The area offers a good range of everyday amenities including local shops, convenience stores, public houses, takeaway restaurants, recreational facilities and schooling, making it a convenient location for families and professionals alike.
Rugby town centre is easily accessible and provides a comprehensive selection of shops, supermarkets, cafes, bars and restaurants, together with a wide range of leisure facilities.
For commuters, Rugby railway station offers regular high-speed services to London Euston and Birmingham New Street, while the excellent local road network provides convenient access to the M1, M6, A5 and A14, making New Bilton particularly well positioned for travel throughout the Midlands and Beyong.
Kitchen 6' 02" x 12' 01" (1.88m x 3.68m) bathroom 7' 01" x 6' (2.16m x 1.83m) dinning room 10' 06" x 11' 06" (3.2m x 3.51m) living room 7' 08" x 10' 06" (2.34m x 3.2m) bedroom 1 13' 03" x 10' 07" (4.04m x 3.23m) bedroom 2 10' 05" x 10' 07" (3.18m x 3.23m) bedroom 3 7' 11" x 12' 00" (2.41m x 3.66m) Council Tax Band: A Tenure: Freehold Auctioneers Additional Comments Pattinson Auction are referred to as The Auctioneer.
This auction lot is being sold by either conditional (Modern) or unconditional (Traditional) auction terms and overseen by The Auctioneer.
The method of auction sale and the applicable terms and conditions are found on the lot page of this property on The Auctioneers website.
The property is available to view strictly by appointment only via any Marketing Agent or The Auctioneer.
Please be aware that any enquiry, bid or viewing of the subject property will require your details to be shared between any marketing agent and The Auctioneer so that matters can be dealt with effectively.
The property is being sold via a transparent online auction. To submit a bid, all bidders must adhere to a verification of identity process in line with Anti Money Laundering procedures.
Bids can be submitted at any time and from anywhere.
Auctioneers Additional Comments The advertised price is commonly referred to as a Starting Bid or Guide Price and is accompanied by a Reserve Price.
The Reserve Price is confidential to the seller and The Auctioneer and will typically be within a range above or below 10% of the Guide Price or Starting Bid. These prices are subject to change.
An auction can be closed at any time, with The Auctioneer permitting the property (the lot) to be sold prior to the end of the auction.
A Legal Pack associated with this property is available to view upon request and contains details relevant to the legal documentation, enabling all interested parties to make an informed decision prior to bidding.
The Legal Pack will also outline the buyers obligations and sellers commitments.
It is strongly advised that you seek the counsel of a solicitor prior to proceeding with any property and/or Land Title purchase.
Auctioneers Additional Comments In order to secure the property and ensure commitment from the seller, upon exchange of contracts the successful bidder will be expected to pay a non-refundable deposit equivalent to 5% of the purchase price.
The deposit will form part of the purchase price.
A non-refundable reservation fee of up to 6% inc VAT (subject to a minimum fee which could be up to 7,200 inc VAT) is also payable upon agreement of sale.
The Reservation Fee is in addition to the agreed purchase price, and consideration should be given by the purchaser to any Stamp Duty Land Tax liability associated with the overall purchase costs.
Both the Marketing Agent and The Auctioneer may consider it necessary or beneficial to pass customer details to third-party service suppliers, from whom a referral fee may be received.
There is no requirement or obligation to use any recommended suppliers or services.
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 4, Adams Street, Rugby
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