Modern Method of Auction
Auction date not yet published
We've tightened what earns a Pursue. A home now needs a published valuation, a strategy that still makes money after real running costs and lender stress tests, and no listing problems that would stop a mortgage. You'll see fewer Pursues, and each one has been checked harder.
See how verdicts work3-bedroom house · CV10 9BL
For saleReduced £10k (−6.7%) on 8 SepListed 111 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
*** buy it now option available *** being sold by goto online auction *** buyers fees apply *** spacious three bedroom family home *** large lounge *** private rear garden *** off road parking *** excellent development potential (STPP) *** Offering outstanding space and exciting development potential, this well-proportioned family home combines generous accommodation with the opportunity to add further value.
The ground floor centres around a spacious lounge, providing an ideal setting for relaxing with family or entertaining guests.
The adjoining kitchen/diner offers plenty of room for everyday living, family meals and social occasions, creating a practical heart of the home.
Upstairs, the property benefits from three generously sized bedrooms, all offering comfortable accommodation for growing families, guests or those needing a home office.
A family bathroom is complemented by a separate WC, adding extra convenience during busy mornings.
Outside, the private rear garden provides a great space for children to play, outdoor dining or simply enjoying the warmer months. Off-road parking further enhances the practicality of this home.
Situated on the popular Queen Elizabeth Road in Nuneaton, the property is well placed for local amenities, schools and transport links, making it an excellent choice for families, first-time buyers and investors alike.
With excellent scope for future development or extension, subject to the necessary planning permissions, this is a fantastic opportunity to create a home tailored to your own style and requirements.
Property Description: Being Sold by goto Online Auction Starting Bids from £150 000 Buy it now option available Please call or visit Wilkins Estate Agents for more information.
This property is for sale by Online Auction. The Online Modern Method of Auction is a flexible buyer friendly method of purchase.
The purchaser will have 56 working days to exchange and complete once the draft contract has been received by the buyer’s solicitor or 10 working days after receipt of the buyer’s premium, whichever is earlier Allowing the additional time to exchange and complete on the property 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 with be required to put down a non-refundable reservation fee called a Buyer’s Premium.
This secures the transaction and takes the property off the market. The buyer will be required to agree to our terms and conditions prior to solicitors being instructed.
Copies of the Reservation form and all terms and conditions can be found on the online Auction website or requested from our Auction Department.
Please note this property is subject to an undisclosed Reserve Price which is typically no more than 10% in excess of the Starting Bid.
Both the Starting Bid and Reserve Price can be subject to change. Our primary duty of care is to the vendor.
Terms and conditions apply to the Modern Method of Auction, which is operated by goto Auctions. To book a viewing visit Wilkins Estate Agents.
General Information: Auctioneer's Comments This property is for sale by Online Auction which is a flexible and buyer friendly method of purchase.
The purchaser will not be exchanging contracts on the fall of the virtual hammer but will be given 56 working days in which to complete the transaction, from the date the Draft Contract is issued by the seller’s solicitor.
By giving a buyer time to exchange contracts on the property, means normal residential finance can be arranged. The Buyer’s Premium secures the transaction and takes the property off the market.
Fees paid to the Auctioneer reserve the property to the buyer during the Reservation Period and are paid in addition to the purchase price and are considered within calculations for Stamp Duty Land Tax.
Further clarification on this must be sought from your legal representative. The buyer will be required to sign a Reservation form to confirm acceptance of terms prior to solicitors being instructed.
Copies of the Reservation form and all terms and conditions can be found in the Legal Pack which can be downloaded for free from our website or requested from our Auction Department.
Buyer Fees 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 Buyer’s Premium of 3.6% of the purchase price plus VAT (this is subject to a minimum amount of £6,600 including VAT) and a Legal Pack fee of £396.00 including VAT.
This secures the transaction and takes the property off the market. Stamp Duty Land Tax (sdlt) is applicable if you buy a property or land over a certain price in England, Wales or Northern Ireland.
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
About 115, Queen Elizabeth Road, Warwickshire
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