Modern Method of Auction
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See how verdicts work3-bedroom house · CV6 4HH
For saleReduced £30k (−15.8%) on 21 JunListed 220 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
This three-bedroom semi-detached house is **for sale** in a convenient residential area of Coventry, offering a practical layout with one reception room, one kitchen and one bathroom.
The property sits on Wheelwright Lane, well placed for everyday amenities. Local shops, supermarkets and services are within easy reach, along with cafés and takeaways along nearby main roads.
Families will appreciate the choice of nearby schools in the area, with both primary and secondary options accessible by a short walk or drive. Public transport links are a strong feature here.
Regular bus services run along Wheelwright Lane and surrounding routes, connecting to Coventry city centre and neighbouring districts.
For rail travel, Coventry city centre station offers services to Birmingham, London Euston and other major destinations, with journey times to Birmingham typically around 20–25 minutes and to London from around an hour on faster services.
Tile Hill and Canley stations are also reachable by car for additional commuting options.
Green spaces are close at hand, with local parks and play areas dotted around the neighbourhood, ideal for walks, exercise and family time outdoors.
Road connections are straightforward, with access to main routes towards the M6 and wider Midlands network.
With three bedrooms and a traditional semi-detached layout, this property may appeal to first-time buyers, families looking to establish themselves in the area, and investors seeking a well-located home in Coventry.
This property is for sale by the Modern Method of Auction. Should you view, offer or bid on the property, your information will be shared with the Auctioneer, iamsold.
This method of auction requires both parties to complete the transaction within 56 days of the draft contract for sale being received by the buyers solicitor.
This additional time allows buyers to proceed with mortgage finance. The buyer is required to sign a reservation agreement and make payment of a non-refundable Reservation Fee.
This being 4.5% of the purchase price including VAT, subject to a minimum of £6,600.00 including VAT.
The Reservation Fee is paid in addition to purchase price and will be considered as part of the chargeable consideration for the property in the calculation for stamp duty liability.
Buyers will be required to go through an identification verification process with iamsold and provide proof of how the purchase would be funded.
Important Note to Potential Purchasers & Tenants: We endeavour to make our particulars accurate and reliable, however, they do not constitute or form part of an offer or any contract and none is to be relied upon as statements of representation or fact.
The services, systems and appliances listed in this specification have not been tested by us and no guarantee as to their operating ability or efficiency is given.
All photographs and measurements have been taken as a guide only and are not precise. Floor plans where included are not to scale and accuracy is not guaranteed.
If you require clarification or further information on any points, please contact us, especially if you are traveling some distance to view.
Potential purchasers: Fixtures and fittings other than those mentioned are to be agreed with the seller.
Potential tenants: All properties are available for a minimum length of time, with the exception of short term accommodation. Please contact the branch for details.
A security deposit of at least one month’s rent is required. Rent is to be paid one month in advance. It is the tenant’s responsibility to insure any personal possessions.
Payment of all utilities including water rates or metered supply and Council Tax is the responsibility of the tenant in most cases.
BEW250691/8 Description Entrance Hall Kitchen (4.442m x 3.182m) Lounge (4.446m x 3.594m) First Floor Landing Bedroom (3.064m x 2.663m) Bedroom (3.805m x 2.642m) Bedroom (2.13m x 1.75m) Shower Room (1.738m x 1.668m) Outside Driveway Garage Rear Garden Epc Grade tbc Council Tax Band payable to Coventry City Council Auction Terms This property is for sale by the Modern Method of Auction.
Should you view, offer or bid on the property, your information will be shared with the Auctioneer, iamsold.
This method of auction requires both parties to complete the transaction within 56 days of the draft contract for sale being received by the buyers solicitor.
This additional time allows buyers to proceed with mortgage finance. The buyer is required to sign a reservation agreement and make payment of a non-refundable Reservation Fee.
This being 4.5% of the purchase price including VAT, subject to a minimum of £6,600.00 including VAT.
The Reservation Fee is paid in addition to purchase price and will be considered as part of the chargeable consideration for the property in the calculation for stamp duty liability.
Buyers will be required to go through an identification verification process with iamsold and provide proof of how the purchase would be funded.
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.
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FAQ
About 102, Wheelwright Lane, West Midlands
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