Modern Method of Auction
Auction date not yet published
2-bedroom flat · WV4 6BQ
For saleReduced £5k (−4.3%) on 31 JulListed 157 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
A well-presented top floor flat situated on Millport Road in the popular WV4 area. Offered in ready-to-move-into condition with no work required.
The property features a bright and spacious open-plan lounge leading seamlessly into a modern fitted kitchen, creating an ideal space for both relaxing and entertaining.
There are two bedrooms, including a generous principal bedroom with en-suite, along with a well-appointed main bathroom, making the layout both practical and comfortable.
Ideally located close to a range of local amenities, including shops and everyday conveniences, the property also benefits from excellent transport links with regular bus routes available along Birmingham New Road, providing easy access into Wolverhampton and surrounding areas.
This property is perfectly suited to first-time buyers or investors seeking a strong rental opportunity in a convenient and well-connected location.
Lease info- Start Date- 01/04/2006 Lease Term- 125 Years Years Remaining- 104 Years End Date- 01/04/2131 All services are mains connected Allocated parking space Mobile coverage from all four major networks available* Ultrafast Broadband available* *Results provided by Ofcom and correct at time of listing This property is for sale by the Modern Method of Auction, meaning the buyer and seller are to Complete within 56 days (the "Reservation Period").
Interested parties personal data will be shared with the Auctioneer (iamsold). If considering buying with a mortgage, inspect and consider the property carefully with your lender before bidding.
A Buyer Information Pack is provided. The winning bidder will pay £349.00 including VAT for this pack which you must view before bidding.
The buyer signs a Reservation Agreement and makes payment of a non-refundable Reservation Fee of 4.5% of the purchase price including VAT, subject to a minimum of £6,600.00 including VAT.
This is paid to reserve the property to the buyer during the Reservation Period and is paid in addition to the purchase price. This is considered within calculations for Stamp Duty Land Tax.
Services may be recommended by the Agent or Auctioneer in which they will receive payment from the service provider if the service is taken. Payment varies but will be no more than £450.00.
These services are optional.
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
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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 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
FAQ
About 27, Millport Road, West Midlands
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