Modern Method of Auction
Auction date not yet published
We've tightened what earns a Pursue. A home now needs a published valuation, a strategy that still makes money after real running costs and lender stress tests, and no listing problems that would stop a mortgage. You'll see fewer Pursues, and each one has been checked harder.
See how verdicts work2-bedroom flat · B42 2QU
For saleListed 147 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Description Welcome to 43 Vicarage Close, Great Barr! This property is for sale by Modern Method of Auction powered by iamsold ltd - Starting Bid £75,000 + Reservation Fee.
Energy Performance Rating: Tbc *** 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. 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 4.50% 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. Referral Arrangement The Partner Agent and Auctioneer may recommend the services of third parties to you.
Whilst these services are recommended as it is believed they will be of benefit; you are under no obligation to use any of these services and you should always consider your options before services are accepted.
Where services are accepted the Auctioneer or Partner Agent may receive payment for the recommendation and you will be informed of any referral arrangement and payment prior to any services being taken by you.
A two-bedroom, first floor masionette occupying a quiet cul de sac location and offered with no upward chain.
The accommodation includes an entrance hallway with stairs leading to the living accommodation comprising of through lounge, kitchen, and two well-proportioned bedrooms with a modern bathroom.
The home benefits from double glazing, warm air heating and a rear garden. The property has a low lease term remaining and would suit a cash buyer or investor.
Tenure: Leasehold (42 years) Ground Rent: £25 per year Agents Notes Please note all room measurements are taken at a maximum.
Approached Via The property is approaced via a pathway leading to the side double glazed entrance door.
Hall Having stairs up to the first floor hall way leading off to the rooms with two built in storage cupboards, one housing the water tank and the other the water meter, a built in the warm air heating system and a side aspect double glazed window.
Lounge W: 2.74m x l: 4.88m (w: 9' x l: 16' ) Front aspect double glazed window, warm air heating vent, laminate wood flooring and door off to kitchen.
Kitchen W: 1.83m x l: 2.44m (w: 6' x l: 8' ) Front aspect double glazed window, wall and base units with stainless steel sink and drainer, space for cooker, washing machine and fridge freezer and laminate wood flooring.
Bedroom One W: 2.74m x l: 4.57m (w: 9' x l: 15' ) Rear aspect double glazed window and warm air heating vent. Bedroom Two W: 2.74m x l: 3.66m (w: 9' x l: 12' ) Rear aspect double glazed window.
Bathroom W: 1.83m x l: 1.52m (w: 6' x l: 5' ) Having side aspect double glazed window, panel bath with electric triton shower over, wash hand basin, low level WC and tiled flooring.
Outside The property has a lawned garden at the rear of the property.
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
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FAQ
About 43, Vicarage Close, Birmingham
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