2-bedroom terraced house · CV10 0PD
Listing removedListed 225 days
Opportunity summary
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About
*** SOLD VIA MODERN METHOD OF AUCTION *** BUY IT NOW OPTION AVAILABLE *** TERRACED PROPERTY *** TWO BEDROOMS *** LARGE PRIVATE REAR GARDEN *** WELL KEPT THROUGHOUT *** CLOSE TO ALL LOCAL AMENITIES *** Wilkins Estate Agents are delighted to bring this charming two-bedroom terraced home to market via auction, the property is ideally situated on Chancery Lane, Nuneaton, close to a range of local amenities, schools, and transport links.
As you enter the property, you are greeted by a warm and inviting lounge, featuring a beautiful feature fireplace and traditional character details that add to the home’s appeal.
The ground floor continues with a well-appointed kitchen, a useful utility area, and a modern family bathroom.
Upstairs, you’ll find two generously sized double bedrooms, both offering ample space and natural light.
To the rear of the property is a large, private garden perfect for relaxing, entertaining, or enjoying outdoor activities.
This delightful home effortlessly combines character and comfort, making it an excellent choice for first-time buyers, investors, or anyone seeking a well-located, period-style property in a popular area of Nuneaton.
Lounge (3.79m x 3.86m) Kitchen (1.95m x 5.14m) Utility (1.75m x 1.03m) Main Bathroom (1.54m x 1.85m) Bedroom One (3.82m x 3.96m) Bedroom Two (2.97m x 1.96m) Buy-it-Now option available Being Sold by GOTO Online Auction Buyer’s fees apply Being Sold by GOTO Online Auction Starting Bids from: £140,000 Buy it now option available Please call or visit GOTO Online Auctions 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 is 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 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.
The fee will be a fixed fee including the Vat, 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 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 are 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 may be considered as part of the chargeable consideration for the property and be included in the calculation for stamp duty liability.
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 Info Pack which can be downloaded for free from our website or requested from our Auction Department.
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 minimum £6660 inclusive of VAT a Legal Pack fee of £396 including VAT.
This secures the transaction and takes the property off the market. The Buyer’s Premium and administration charge are in addition to the final negotiated selling price.
Buyer Fees There are no other fees or charges payable to the Auctioneer however, there are other costs to consider such as: 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.
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Returns
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Archie refurb estimate: a Pro feature
0.0% below starting price
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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.
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FAQ
About Chancery Lane, Nuneaton, Warwickshire, CV10
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