2-bedroom bungalow · WS7 4UJ
Listing removedReduced £65k (−21.7%) on 24 MarListed 486 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Lovett&Co.
Estate Agents are pleased to offer for sale by the modern method of auction, this well presented and superbly maintained two bedroom detached bungalow, set on a substantial plot and being offered with no onward chain.
The property boasts a generously sized, beautifully landscaped, and very private rear garden that is not overlooked.
It includes gated side access and features mature trees, plants, and shrubs, along with paved patio areas, a lawn, garden ornaments, and a greenhouse.
At the front, there is a good-sized lawn and driveway providing plenty of parking.
Inside, the property includes: An entrance porch, a spacious open-plan lounge-diner, a good-sized conservatory, a modern fitted kitchen, a contemporary wet room, and two double bedrooms.
The property has recently been re-decorated and benefits from a new Worcester Bosch boiler (2021) providing central heating through out.
It is well placed to take full advantage of local shopping facilities at Swan Island, together with a range of further facilities including doctors surgery, superstore, good local schooling, and excellent leisure facilities nearby.
Commuter benefits include A5, A38 and the M6 toll Road linking the Midlands Motorway network and there are both Cross and Inter City railway lines available from Lichfield Cathedral City with its tourist links and Garrick Theatre, being approximately 4 miles away.
Auctioneer Comments This property is for sale by the Modern Method of Auction which is not to be confused with traditional auction.
The Modern Method of Auction is a flexible buyer friendly method of purchase.
We do not require the buyer to exchange contracts immediately; however, from the date the draft contract for sale is received by the Buyer's solicitor, the buyer has 56 days in which to complete the transaction; whilst using every endeavour to exchange contracts within the first 28 days.
Allowing the additional time to exchange contracts means interested parties can proceed with traditional residential finance.
Upon close of a successful auction, or if the vendor accepts an offer during the auction, the buyer will be required to make payment of: A non-refundable Reservation Fee of 4.5% of the final agreed sale price including VAT - this is subject to a minimum of £6,600.00 including VAT - which reserves the property from sale by securing the transaction and takes the property off the market.
The Reservation Fee is paid in addition to the final negotiated selling price.
A non-refundable Buyer Information Pack fee of £300.00 including VAT towards the preparation cost of the pack, if the Buyer Information Pack has been produced and provided by iam Sold.
The Documents in the pack can then be used by your solicitor during the conveyancing stage of the purchase. It is recommended that you view the Buyer Information Pack before agreeing to your purchase.
Fees paid to the Auctioneer may be considered as part of the chargeable consideration for the property and be included in the calculation for stamp duty liability.
Further clarification for this must be sought from your legal representative.
The buyer will be required to sign a Reservation Agreement to confirm acceptance of the terms prior to solicitors being instructed.
A sample copy of the Reservation Agreement and all terms and conditions can be found in the Buyer Information Pack, which can be downloaded from the auction section of our website, or requested from our Auction Department.
Please note this property is subject to an undisclosed reserve price which is generally no more than 10% in excess of the starting bid, both the starting bid and reserve price can be subject to change.
Terms and conditions apply to the Modern Method of Auction, which is operated by the West Midlands Property Auction powered by iam Sold.
Hallway: Entrance door, carpeted flooring, ceiling light point, radiator and door to lounge-diner.
Lounge-diner: 16' 2" x 11' 11" (4.93m x 3.63m) Feature fireplace, fitted storage units, desk, display cabinets and matching drawers, carpeted flooring, ceiling light points, coving, radiator, window to front.
Door to kitchen and door to inner hall with further doors to bedrooms, wet room and useful utility cupboard with boiler and integrated washing machine.
Kitchen: 7' 9'' x 7' 7'' (2.37m x 2.32m) Range of matching wall and base units incorporating cabinets, drawers and work surfaces, inset bowl sink and drainer with mono tap, integrated oven/grill and 4 ring gas hob with extractor hood, integrated under counter fridge and freezer, recessed spot lights, window to front and door to side of property.
Master bedroom: 11' 11" x 9' (3.63m x 2.74m) Fitted wardrobes, overhead cupboards, bedside tables and unit housing washing basket, carpeted flooring, radiator, ceiling light point and window to rear.
Bedroom two: 8' 2'' x 10' 3'' (10' x 8' 9" (3.05m x 2.67m) Fitted wardrobes and drawers, carpeted flooring, ceiling light point, radiator and patio doors to the conservatory.
Conservatory: 10' 0'' x 10' 2'' (3.05m x 3.10m) Large pitched roof with upvc frame, set on a brick base, ceiling light point with fan and door to garden wet room: Suite comprising: Electric shower, wall mounted wash hand basin, low level W/C, tiled walls and vinyl flooring, ceiling light, extractor and window to side.
Viewing: Please contact us on if you would like to arrange a viewing appointment for this property or require further information.
Disclaimer: These particulars are set up as a general outline only for the guidance of intending purchasers or lessees, and do not constitute part of an offer or contract.
The sellers has given permission for all descriptions, dimensions, references to conditions, tenure, service charges and necessary permissions for use, occupation and other details to be used and we have taken them in good faith whether included or not & whilst we believe them to be correct, any intending purchasers or tenants should not rely on them as representations or fact but must satisfy themselves by inspection or otherwise as to the correctness of each of them and have this certified during the conveyancing by their solicitor.
No person in the employment of Lovett&Co has any authority to make or give any representation or warranty whatsoever in relation to this property.
Value & comps
No previous sales on record.
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 asking
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
Agent & docs
.png)
FAQ
About 102, Springhill Road, Burntwood
Explore nearby