Modern Method of Auction
Auction date not yet published
4-bedroom property · PE8 6TQ
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
SUMMARY A rare opportunity to purchase a vacant Grade 2 listed Cottage in need of modernisation & set on a generous plot, along with two flats and a shop which are currently all let, set in a pleasant location in this sought after location.
This property must be viewed to appreciate the potential. DESCRIPTION A property of some character which is set in a pleasant location in this sought after Village location.
This property consists of a Grade 2 listed cottage which requires extensive updating yet offers a generous plot to the rear along with an adjoining ground floor flat, a first floor flat and a shop, the three of which are let out on a long term tenancy.
This property presents both an opportunity from the rental elements alongside the potential for modernisation of the cottage and also the development potential from the land at the rear ( subject to obtaining the usual consents) and must be viewed to appreciate.
Auctioneer's Comments This property is offered through Modern Method of Auction. Should you view, offer or bid your data will be shared with the Auctioneer, iamsold Limited.
This method requires both parties to complete the transaction within 56 days, allowing buyers to proceed with mortgage finance (subject to lending criteria, affordability and survey).
The buyer is required to sign a reservation agreement and make payment of a non-refundable Reservation Fee of 4.5% of the purchase price including VAT, subject to a minimum of £6600.00 including VAT.
This fee is paid in addition to purchase price and will be considered as part of the chargeable consideration for the property in the calculation for stamp duty liability.
Buyers will be required to complete an identification process with iamsold and provide proof of how the purchase would be funded.
The property has a Buyer Information Pack containing documents about the property.
The documents may not tell you everything you need to know, so you must complete your own due diligence before bidding.
A sample of the Reservation Agreement and terms and conditions are contained within this pack. The buyer will also make payment of no more than £349 inc. VAT towards the preparation cost of the pack.
Please confirm exact costs with the auctioneer. The estate agent and auctioneer may recommend the services of other providers to you, in which they will be paid for the referral.
These services are optional, and you will be advised of any payment, in writing before any services are accepted. Listing is subject to a start price and undisclosed reserve price that can change.
Cottage The cottage is in need of full renovation and currently comprises: Lounge 16' 1" x 15' 9" ( 4.90m x 4.80m ) Windows to the front & rear, open fireplace.
Dining Room 16' 3" x 12' 10" extending to 17' 4" ( 4.95m x 3.91m extending to 5.28m ) Windows to the front & rear, inset fireplace with log burner.
Rear Hallway Kitchen 13' 7" x 9' 8" ( 4.14m x 2.95m ) Window & door to the rear, AGA. First Floor Landing Bedroom 1 14' 1" x 17' 3" ( 4.29m x 5.26m ) Windows to front & side.
Bedroom 2 13' 11" x 13' 4" ( 4.24m x 4.06m ) Window to the side. Bedroom 3 12' 1" x 8' 8" ( 3.68m x 2.64m ) Window to the side. Bathroom Panel bath, shower cubicle, hand wash basin. Wc Low level Wc.
Outside The Cottage There is a garage with driveway to the side * the rear garden is of a generous nature, laid largely to grass and there is an external store room.
Ground Floor Flat Lounge / Kitchen 17' 2" x 14' 3" ( 5.23m x 4.34m ) Window to the front, sink drainer with cupboards & work surfaces, plumbing for washing machine, cooker point.
Bedroom 13' 3" x 9' 10" ( 4.04m x 3.00m ) Window to the front. Shower Room Close coupled wc, hand wash basin, shower cubicle.
First Floor Flat Lounge 19' 1" x 15' 9" ( 5.82m x 4.80m ) Windows to the front & side.
Kitchen Diner 19' x 12' max ( 5.79m x 3.66m max ) Window to the rear, sink drainer with work surfaces & cupboards Bedroom 1 Window to the front. Bedroom 2 Window to the front.
Bedroom 3 Window to the rear. Bathroom Notes The flats and shop are currently let at £8250 per year until December 2033 with a provision for annual review.
A copy of the lease is available for inspection. 1.
MONEY LAUNDERING REGULATIONS: Intending purchasers will be asked to produce identification documentation at a later stage and we would ask for your co-operation in order that there will be no delay in agreeing the sale.
2.
General: While we endeavour to make our sales particulars fair, accurate and reliable, they are only a general guide to the property and, accordingly, if there is any point which is of particular importance to you, please contact the office and we will be pleased to check the position for you, especially if you are contemplating travelling some distance to view the property.
3. The measurements indicated are supplied for guidance only and as such must be considered incorrect. 4.
Services: Please note we have not tested the services or any of the equipment or appliances in this property, accordingly we strongly advise prospective buyers to commission their own survey or service reports before finalising their offer to purchase.
5. THESE PARTICULARS ARE ISSUED IN GOOD FAITH BUT DO NOT CONSTITUTE REPRESENTATIONS OF FACT OR FORM PART OF ANY OFFER OR CONTRACT.
THE MATTERS REFERRED TO IN THESE PARTICULARS SHOULD BE INDEPENDENTLY VERIFIED BY PROSPECTIVE BUYERS OR TENANTS.
NEITHER SEQUENCE (UK) LIMITED NOR ANY OF ITS EMPLOYEES OR AGENTS HAS ANY AUTHORITY TO MAKE OR GIVE ANY REPRESENTATION OR WARRANTY WHATEVER IN RELATION TO THIS PROPERTY.
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
This is not financial or investment advice. Prop AI Deals is not authorised by the Financial Conduct Authority (FCA) to provide investment advice.
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 Hautboy Lane, Warmington, Peterborough
Explore nearby