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See how verdicts work6-bedroom house · DE23 8EA
Listing removedListed 131 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
RESIDENTIAL FREEHOLD INVESTMENT OPPORTUNITY Occupying a tree-lined avenue, close to the city centre, is an imposing and substantial character town house arranged over four floors, sub divided into five, one and two bedroomed self contained apartments, requiring a scheme of improvement and upgrading.
In our opinion if the property were to be fully let when works completed we would estimate an combined rental income of circa of £40,000 per annum.
The property is majority double glazed and gas centrally heated and in brief the character accommodation comprises: Communal entrance hall with stairs, one bedroomed self contained flat to the rear with access onto the garden and and a two bedroomed duplex flat.
To the first floor landing thee is one bedroomed self flat. To the second floor landing there are two, one bedroomed duplex flats.
Outside the property is set back from the road behind a hardstanding fore court and garden to the rear that is accessed from a shared driveway.
Some of the neighbouring properties have created driveways/car standing space. The property benefits from permit parking.
Auction Details The sale of this property will take place on the stated date by way of Live streamed auction and is being sold under the Unconditional sale type.
Binding contracts will be exchanged at the point of sale. All sales are subject to our Common Auction Conditions and Bidder Terms.
Properties located in Scotland and Northern Ireland will be subject to applicable local laws.
Auction Deposit and Fees The following deposits and non- refundable auctioneers fees apply: • 5% deposit (subject to a minimum of £5,000) • Buyer’s Fee of 4.8% of the purchase price (subject to a minimum of £6,000 inc.
VAT) There may be additional fees listed in the Special Conditions of Sale, which will be available to view within the Legal Pack. You must read the Legal Pack carefully before bidding.
Additional Information For full details about our auction processes, please refer to the Bidder Terms which can be viewed on our home page.
This explains the types of auction and sale methods we offer, the bidding registration process, your payment obligations, and how to view the Legal Pack (and any applicable home report for residential Scottish properties).
Guide Price & Reserve Price Each property sold is subject to a Reserve Price. The Reserve Price will be within + or - 10% of the Guide Price.
The Guide Price is issued solely as a guide so that a buyer can consider whether or not to pursue their interest. A full definition can be found within the Buyers Terms.
Large communal entrance hall 24'0" x 12'8" (7.3m x 3.9m) Flat 1 (Rear) Entrance Hallway Living Room 13'8" x 11'0" (4.2m x 3.4m) Kitchen 9'0" x 8'5" (2.7m x 2.6m) Bedroom One 10'3" x 10'4" (3.1m x 3.1m) Bathroom 8'5" x 6'4" (2.6m x 1.9m) Rear Hallway Flat 2 Duplex Entrance Hallway Staircase Living Room 15'0" x 11'6" (4.6m x 3.5m) Kitchen 14'9" x 5'2" (4.5m x 1.6m) Bedroom One 13'5" x 12'1" (4.1m x 3.7m) Bedroom Two 10'3" x 9'4" (3.1m x 2.8m) Shower Room 6'4" x 5'4" (1.9m x 1.6m) Flat 3 Living Room 11'5" x 10'9" (3.5m x 3.3m) Fitted Kitchen 15'5" x 9'0" (4.7m x 2.7m) Bedroom One 10'4" x 11'5" (3.1m x 3.5m) Second Floor Landing Flat 4 Living Room 13'8" x 11'6" (4.2m x 3.5m) Rear Hallway with Stairs Kitchen 14'0" x 6'7" (4.3m x 2.0m) Small Internal Landing Shower Room 8'6" x 6'3" (2.6m x 1.9m) Eaves Storage Space Bedroom One 36'1" x 13'1" (11.0m x 4.0m) Flat 5 Living Room 15'0" x 12'7" (4.6m x 3.8m) Kitchen 11'6" x 7'4" (3.5m x 2.2m) Open Plan First Floor Bedroom 15'9" x 13'2" (4.8m x 4.0m) Bathroom
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 advisers 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
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FAQ
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