Modern Method of Auction
Auction date not yet published
3-bedroom semi-detached house · B24 0EX
Sold STCListed 46 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
***OPEN HOUSE: FRIDAY, 11TH SEPTEMBER BETWEEN 3:30PM - 4:30PM*** Exciting Opportunity to purchase this Traditional Property Requiring Full Refurbishment via the Modern Method of Auction.
Property Overview This property offers excellent foundational proportions and a versatile footprint, providing the perfect starting point for a complete transformation.
Whether you are looking to flip, retain as a high-yield buy-to-let investment, or design your own bespoke family home, this property offers incredible potential.
(Please note: Due to the condition of the property, all interested parties are advised to view with caution and verify the structural requirements and room dimensions prior to bidding).
The current layout briefly consists of Entrance Porch, welcoming reception hall, two reception rooms, kitchen area, first floor landing, three good sized bedrooms and family bathroom.
Other benefits include; Driveway parking, integral garage, outsized storage, separate toilet and sizeable front and rear gardens.
Location & Local Amenities: Grange Road is situated in a well-established and highly convenient residential area, offering excellent access to a wide array of local amenities and transport connections: Transport Links: Erdington is a commuter’s dream.
The property is ideally positioned near Erdington and Chester Road Railway Stations, both positioned on the Cross-City Line, providing rapid and direct access to Birmingham New Street (approx.
12-15 minutes) and Lichfield. The A38(M) Aston Expressway and Junction 6 of the M6 (Spaghetti Junction) are just a short drive away, offering seamless connectivity to the national motorway network.
Shopping & Retail: Residents are just a short distance from Erdington High Street, which hosts a variety of high street names, independent shops, banks, and cafes.
For a wider retail experience, the highly popular Fort Shopping Park is nearby, featuring major retail brands, dining options, and a gym.
Green Spaces & Leisure: Despite its urban convenience, the area is surrounded by lovely green spaces.
The expansive Pype Hayes Park and Golf Course, Brookvale Park (with its picturesque boating lake), and Rookery Park are all within easy reach, perfect for dog walking, running, and family days out.
Education: The B24 area is well-served by a variety of educational institutions, with several well-regarded primary and secondary schools in the vicinity, making it a highly rentable location for families.
Local Facilities: The area boasts excellent everyday conveniences, including local medical centers, pharmacies, supermarkets, and a community leisure center complete with a swimming pool.
Auctioneer's Note This property is a rare find in today's market and represents an outstanding opportunity to acquire a project in a high-demand rental and residential area.
Buyers are advised to consult the legal pack for full terms, conditions, and any associated auction fees prior to the auction date.
Early viewing is highly recommended to fully appreciate the scope and potential of this exciting project.
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.
Any payment that will be received by the Agent or Auctioneer will be confirmed to you in writing before services are taken. Services are optional. EPC rating: E. Tenure: Freehold,
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 Grange Road, Erdington, Birmingham, B24
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