Modern Method of Auction
Auction date not yet published
1-bedroom flat · B1 1UH
For saleListed 26 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
• Being Sold by goto Online Auction • Starting Bids from £80,000 • Buy It Now option available This property is being offered for sale by the Modern Method of Auction.
The successful buyer will have 56 working days to exchange and complete (the Reservation Period), allowing time to arrange mortgage finance where required.
If you are the successful bidder, you'll enter into a Reservation Agreement and pay a non-refundable Buyer's Premium.
This secures the property, removes it from the market and helps provide greater certainty for both buyer and seller.
This property is subject to an undisclosed Reserve Price, which is typically no more than 10% above the Starting Bid. For more information, please contact the agent or visit goto Online Auctions.
The property provides a bright and welcoming living space, complemented by large windows that make the most of the elevated position and outlook.
The accommodation includes a spacious reception room, a fitted kitchen, a well-proportioned bedroom and a bathroom.
The apartment is ideally located for access to Birmingham city centre, with a wide range of shops, restaurants, bars and amenities close by.
Excellent transport links are also within easy reach, making this an appealing choice for first-time buyers, professionals or investors.
With its convenient central location, comfortable accommodation and attractive views, this one-bedroom apartment offers an excellent opportunity for city living.
Auctioneer's Comments The successful buyer will be required to pay the below non-refundable fees: • Buyer's Premium: 3.6% of the purchase price plus VAT (subject to a minimum of £6,600 including VAT) • Legal Pack Fee: £396.00 including VAT The Buyer's Premium is payable in addition to the purchase price and may be taken into account when calculating Stamp Duty Land Tax (sdlt).
Material information: If you intend to purchase using mortgage finance, you should satisfy yourself that the property is suitable for the purposes for which you intend to use it and that it meets your lender's requirements to secure lending before bidding.
A Legal Pack is available for this property and should be reviewed carefully before bidding.
Neither goto Group nor the estate agent accepts any responsibility or liability for the accuracy or completeness of the Legal Pack and shall not be liable for any loss or damage arising from any inaccuracies, omissions or errors contained within it.
Buyers should review the Legal Pack carefully, carry out their own due diligence and obtain independent legal advice where appropriate before proceeding.
We are required by law to comply fully with The Money Laundering Regulations 2017 and as such need to complete aml id verification and proof /source of funds checks on all buyers and, where relevant, cash donors once an offer is accepted on a property.
We use GoTo Group to complete the necessary checks, this is not a credit check and therefore will have no effect on your credit history.
With effect from 1st March 2025 a non-refundable compliance fee of £40.00 + VAT per buyer / donor will be required to be paid to the GoTo Group direct when an offer is agreed and prior to a sales memorandum being issued.
EPC rating: C. Lounge (6.07m x 3.09m (19'11" x 10'2")) Kitchen (3.58m x 1.91m (11'9" x 6'3")) Bedroom (5.07m x 2.65m (16'8" x 8'8"))
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 advisors 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 Flat 177, Clydesdale Tower, City Centre, Birmingham
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