Modern Method of Auction
Auction date not yet published
6-bedroom terraced house · LS6 2JB
For saleListed 43 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
For sale by modern method of Auction with Advanced Property Auction…. starting price £250,000 plus reservation fees apply.
Please see Auctioneer's Comments beneath the description With the benefit of immediate vacant possession upon completion, this brick-built late Victorian property is ideal for a larger or growing family or possibly an investor.
Set back from the road side by fore garden behind a low level brick wall and a privet hedge, for improved privacy, the property provides excellent accommodation arranged over three floors and there is also the benefit of a useful, smart basement.
To the ground floor, the Entrance Vestibule leads into the Reception Hall, and there is a Lounge to the front with a large window affording excellent natural light.
The Family Style Dining Kitchen to the rear of the property is fitted with a smart range of light wall and base cabinets with contrasting dark wood effect working surfaces over incorporating a large breakfast bar and a sink and drainer beneath the window looking on to the rear yard.
Integrated appliances include two undermounted electric ovens with a ceramic hob above and an extractor filter hood over.
There is access to the smartly presented Basement from the Kitchen and also a door leading to a Utility Room which is fitted with a range of white wall and base cabinets with a contrasting dark working surface over, incorporating a sink and drainer under the window to the rear, and there is also plumbing for a dishwasher as well as an automatic washing machine and door to the rear yard.
There is also a Shower Room to the ground floor which is fitted with a three-piece suite incorporating a shower enclosure, pedestal wash basin and WC.
Over the first and second floors, there are SIX BEDROOMS and two further shower rooms, each fitted with three-piece suite's comprising shower a shower enclosure, pedestal wash basin and WC.
OUTSIDE In addition to the fore garden, there is an enclosed yard which could be improved to create a space for outdoor relaxation.
3D Tour Before arranging a full internal inspection of this home, we urge you to take a look at our state of the art 3D tour of the property which gives you the opportunity to have an unrestricted viewing from a distance.
ACCOMMODATION The accommodation benefits from gas fired central heating radiators and uPVC double glazed windows. All room sizes and measurements quoted are approximate.
VIEWING ARRANGEMENTS Strictly by appointment with sole selling agents Walker Smale. Please telephone (Option 1) and afford us as much notice as possible.
AUCTIONEER'S COMMENTS This property is for sale by the online Modern Method of Auction which is not to be confused with traditional auction.
The Modern Method of Auction allows the purchaser 28 days to achieve exchange of contracts from the date the buyer's solicitor is in receipt of the draft contracts and a further 28 days thereafter to complete.
Allowing the additional time to exchange on 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 will be required to put down a non-refundable Reservation Fee of 3.5% plus vat to a minimum of £5,500 + vat (£1,100.00) = (£6,600.00) which secures the sale and takes the property off the market.
Fees paid to the Auctioneer are in addition to the price agreed. Further clarification on this must be sought from your legal representative.
The buyer will be required to sign an Acknowledgement of 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 Buyer Information Pack which can be downloaded for free from the auction section of our website or requested from our Auction Department.
Please note this property is subject to a reserve price which is generally no more than 10% in excess of the Starting Bid, both the Starting Bid and reserve price can be subject to change.
T&C'S apply to the online Modern Method of Auction, which is operated and powered by Advanced Property Auction.
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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