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 work3-bedroom detached house · WS3 5DZ
For saleListed 4 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
*** three bedrooms*** detached home*** no chain*** driveway & garage*** stunning canal views*** in need of modernisation*** A three bedroom detached home situated in a popular location in Pelsall, Walsall.
In need of modernisation. Benefitting from a driveway, garage, porch, entrance hall, living room, kitchen, bathroom, guest WC, front and rear gardens.
Within reach of Pelsall Village, Brownhills, Bloxwich, and Walsall, with road connections toward the M6 and local bus routes.
Close to village shops, cafés, pubs, a post office, and schools including Pelsall Village School and Ryders Hayes. Offered with no chain. Ideal for first time buyers.
Auctioneer Comments; This property is for sale by Modern Method of Auction allowing the buyer and seller to complete within a 56 Day Reservation Period.
Interested parties’ personal data will be shared with the Auctioneer (iamsold Ltd). If considering a mortgage, inspect and consider the property carefully with your lender before bidding.
A Buyer Information Pack is provided. The buyer will pay £300 inc 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 inc VAT, subject to a minimum of £6,600 inc VAT.
This Fee is paid to reserve the property to the buyer during the Reservation Period and is paid in addition to the purchase price. The Fee is considered within calculations for stamp duty.
Services may be recommended by the Agent/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.
These services are optional. Please note that 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. Front Approach via a driveway and front garden.
Access to the garage and front door opening to the entrance porch. Porch Doors opening to the guest WC and hall. Guest WC Low level WC.
Hall Doors to the living room and kitchen, stairs leading to the first floor. Living Room (7.21m x 3.45m) Double glazed windows facing the rear and side elevations.
Kitchen (3.58m x 2.44m) Window facing the rear elevation, door opening to the side elevation, wall mounted cupboards and base units, sink and drainer unit. In need of modernisation.
Landing Doors leading to the bedrooms and bathroom. Bedroom 1 (3.6m x 3.58m) Double glazed window facing the front elevation. Bedroom 2 (3.58m x 3m) Double glazed window facing the rear elevation.
Bedroom 3 (2.6m x 2.36m) Double glazed window facing the front elevation. Bathroom (2.08m x 1.8m) Bath, low level WC, wash hand basin, double glazed frosted window facing the rear elevation.
Rear Garden Paved patio, laid to lawn, enclosed with fencing, in need of modernisation. Garage (5.36m x 2.95m) Doors opening to the front and rear elevations.
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 Wood Lane, West Midlands
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