Modern Method of Auction
Auction date not yet published
3-bedroom house · WS12 3DS
For saleReduced £15k (−12%) on 21 SepListed 73 days
Opportunity summary
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About
Offered for sale with no upward chain and being sold as seen this three bedroom mid terrace property provides spacious accommodation and represents an ideal investment or renovation opportunity.
The accommodation briefly comprises two reception rooms, kitchen and downstairs WC to the ground floor.
To the first floor are three bedrooms with the bathroom and bedroom three accessed via a corridor from bedroom two The property benefits from part double glazing and part gas central heating.
Externally, there is a shared rear courtyard with a private garden area beyond, together with a timber shed/store.
Council Tax Band A Auctioneer Comments: '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 up front. Only 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. Payment varies but will be no more than £450.00.
These services are optional. Agents Note: Please note that an aml fee is chargeable once an offer is accepted.
The aml fee covers the cost of carrying out the required identity and anti-money laundering checks.
Once these checks have been completed, the fee cannot be refunded, even if the property purchase does not go ahead Approach Via a shared gate leading to the property entrance.
Reception Room 1 3.56m into chimneybreast x 3.02m - Having a double glazed window to the front, gas fire, ceiling light point, door and step down to; Reception Room 2 3.6m into chimney breast x 3.48m min - Having a double glazed window to the rear, gas fire, ceiling light point, door to understairs storage and sliding door to; Kitchen (4.2m x 2.1m) Having a double glazed window to the side, stainless steel sink unit & drainer, cupboard under, wall, base and drawer units with work surfaces over, plumbing for automatic washing machine, further appliances space and access to; Lobby With a double glazed window to the side and with door to: WC Having a low level WC, ceiling light point and roof access point.
Landing Having doors off to bedroom 1 and bedroom 2 Bedroom 1 3.63m into chimney breast x 3.07m - Having a double glazed window to the front, door to over stairs storage and fireplace.
Bedroom Two 3.63m into chimney breast x 3.48m - With a single glazed window to the rear, ceiling light point and door to; Corridor Having doors off to; Bathroom 2.2m max x 1.32m max - Having a double glazed window to the side suite comprising panelled bath, pedestal wash hand basin, part tiled walls, ceiling light point and with a door to an airing cupboard.
Rear Garden Having a concrete pathway from the property leading through a shred access area to a paved area with timber shed/store and beyond is a picket fence to a gravelled fore garden with fence side and rear boundaries.
Front Garden Accessed via shared gate to a small foreagarden leading to the property entrance.
Note To All Interested Parties The property is being sold as seen and will not be being cleared prior to legal completion.
Value & comps
No previous sales on record.
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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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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 266, Hednesford Road, Cannock
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