Modern Method of Auction
Auction date not yet published
2-bedroom flat · B35 6QL
For saleReduced £12k (−14.1%) on 30 SepListed 63 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Hunters of tamworth are delighted to offer for sale with no onward chain, this two bedroom maisonette.
Located close to amenities, transport links and commuter routes this is perfect for first time buyers or investors looking for their next property.
In brief the property comprises; lounge, kitchen, two bedrooms and a family bathroom. The property benefits from an allocated car parking space.
*for sale via conditional (modern method of) auction * guide price £100,000 * bidding closes (tba)* reservation fee applies * for bidding and legal information please visit Important information - This property is for sale by conditional online auction, also known as the ‘Modern Method of Auction’.
The successful bidder is required to pay a non-refundable reservation fee of 4.5% including VAT to a minimum of £6,600 including VAT. Any successful bidder will pay this to secure the property.
The reservation fee is in addition to the purchase price. The successful bidder then has 40 working days to exchange legally binding contracts.
Generally speaking, Guide Prices, are provided as an indication of each seller's minimum expectation.
They are not necessarily figures which a property will sell for and may change at any time prior to the auction.
Virtually every property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure guide.
Before proceeding to bid, you need to carry out your due diligence, the Auction Team recommend you inspect all elements of the legal pack, it’s advisable to review the pack with your legal advisor.
We also recommend viewing of the property and any surveys and reports need to be carried out prior to bidding. * for bidding and legal information please visit *
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
Agent & docs
FAQ
About 9, Merlin Walk, Birmingham
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