Modern Method of Auction
Auction date not yet published
3-bedroom semi-detached house · LE10 2PP
Sold STCReduced £20k (−11.8%) on 7 OctListed 64 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
** being sold by modern auction only - in need of modernisation ** This semi detached property stands on a good sized plot with excellent potential for extension (subject to planning) and improvement.
Viewing essential. The accommodation currently consists of entrance hall, dining room, lounge and small kitchen. Three bedrooms and shower room to the first floor.
Outside there is off road parking and good sized mature gardens. Not overlooked from the rear backing onto playing fields.
It is situated in a convenient location, close to all local shops, schools and amenities including transport links.
Key features For Sale by Modern Auction – T & c’s apply Subject to Reserve Price Buyers fees apply The Modern Method of Auction Auctioneer Comments 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 Limited 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 (for standard Grade 1 properties).
This additional time allows buyers to proceed with mortgage finance (subject to lending criteria, affordability and survey).
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.
Council Tax Band & Tenure Hinckley and Bosworth Borough Council - Band B (Freehold).
• For Sale by Modern Auction – T & c’s apply • Subject to Reserve Price • Buyers fees apply • The Modern Method of Auction Auctioneer Comments 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 Limited 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 (for standard Grade 1 properties).
This additional time allows buyers to proceed with mortgage finance (subject to lending criteria, affordability and survey).
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.
This property has a Buyer Information Pack which is a collection of documents in relation to the property.
The documents may not tell you everything you need to know about the property, so you are required to complete your own due diligence before bidding.
A sample copy of the Reservation Agreement and terms and conditions are also contained within this pack.
The buyer will also make payment of £349 including VAT towards the preparation cost of the pack, where it has been provided by iamsold.
The property is subject to an undisclosed Reserve Price with both the Reserve Price and Starting Bid being subject to change.
Referral Arrangements 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.
Hall (3.78m x 1.73m (12'5 x 5'8 )) Having wooden front door, central heating radiator, panelled walls to half height and staircase to First Floor Landing.
Dining Room (4.24m x 2.84m (13'11 x 9'4 )) Having fitted cupboards, wall mounted fire, panelled walls, central heating radiator and upvc double glazed window to front.
Lounge (4.57m x 3.45m (15 x 11'4)) Having wall mounted fire, panelled walls, central heating radiator and upvc double glazed window to rear.
Kitchen (2.54m x 1.78m (8'4 x 5'10 )) Having base unit with sink above, wall mounted gas fired boiler, panelled walls and upvc double glazed door to Garden.
First Floor Landing (2.41m x 2.26m (7'11 x 7'5 )) Having access to the roof space and upvc double glazed window to side.
Bedroom One (4.14m x 3.30m (13'7 x 10'10 )) Having original fireplace, central heating radiator and upvc double glazed window to rear.
Bedroom Two (3.51m x 2.87m (11'6 x 9'5 )) Having built in cupboards and upvc double glazed window to front.
Bedroom Three (3.00m x 2.26m (9'10 x 7'5)) Having built in cupboards and upvc double glazed window to front.
Shower Room (2.29m x 1.70m (7'6 x 5'7 )) Having double shower cubicle, low level w.c., pedestal wash hand basin, easy clean panelled walls, central heating radiator and upvc double glazed window with obscure glass.
Outside There is direct access to parking to front. Sizeable mature gardens front and rear with lawn, trees, shrubs, garden shed and fenced boundaries.
Not overlooked from the rear backing on playing fields.
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
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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 72, Featherston Drive, Burbage
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