Modern Method of Auction
Auction date not yet published
2-bedroom house · BB3 3DF
Sold STCReduced £10k (−13.3%) on 3 SepListed 99 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 Price £75,000 plus Reservation Fee 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 from the service provider if the service is taken. Payment varies but will be no more than £960 inc. VAT.
These services are optional.
This terraced property is in a convenient location of Darwen and is suited to any buyer looking for their first home or investment, with ready to move in appeal Providing a comfortable and inviting home.
The property comprises of a spacious lounge, dining room and kitchen to the ground floor, two double bedrooms, and a three-piece bathroom to the first floor, making it ideal for families and couples.
Externally the property offers a garden front and well-presented flagged rear yard which is low maintenance and on street parking.
Situated within walking distance to Darwen train station, this property boasts excellent transport links, making it convenient for those who commute.
Surrounded by local amenities such as shops, restaurants, and parks. Situated in an ideal location for easy access to local schools, town centre and bus routes.
Important Note to Potential Purchasers & Tenants: We endeavour to make our particulars accurate and reliable, however, they do not constitute or form part of an offer or any contract and none is to be relied upon as statements of representation or fact.
The services, systems and appliances listed in this specification have not been tested by us and no guarantee as to their operating ability or efficiency is given.
All photographs and measurements have been taken as a guide only and are not precise. Floor plans where included are not to scale and accuracy is not guaranteed.
If you require clarification or further information on any points, please contact us, especially if you are traveling some distance to view.
Potential purchasers: Fixtures and fittings other than those mentioned are to be agreed with the seller.
Potential tenants: All properties are available for a minimum length of time, with the exception of short term accommodation. Please contact the branch for details.
A security deposit of at least one month’s rent is required. Rent is to be paid one month in advance. It is the tenant’s responsibility to insure any personal possessions.
Payment of all utilities including water rates or metered supply and Council Tax is the responsibility of the tenant in most cases.
QDA260284/8 Ground Floor Entrance Porch Lounge (4m x 3.84m) UPVC double glazed window to the front, gas central heating radiator and laminate flooring Dining Room (4m x 3.84m) UPVC double glazed window to the rear, gas central heating radiator and laminate flooring Kitchen (3.05m x 2.36m) Fitted with a range of modern wall and base units, with integrated oven and hob, Extractor above, modern inset sink with black mixer taps, tiled splash back, UPVC double glazed window to the rear and wood laminate flooring.
Stairs To:- First Floor Bedroom One (4m x 3.78m) UPVC double glazed window to the front, gas central heating radiator and laminate flooring Bedroom Two (4m x 3.45m) UPVC double glazed window to the rear, gas central heating radiator and carpet flooring.
Bathroom (3.07m x 2.4m) Three-piece bathroom suite comprising of a panelled bath with shower over, low level WC, pedestal sink.
Fully tiled wall round the bath leading to partially tilled round the sink and toilet, UPVC double glazed window to the rear and lino flooring.
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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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 24, London Terrace, Lancashire
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