Modern Method of Auction
Auction date not yet published
1-bedroom terraced house · CV34 4UW
Sold STCReduced £5k (−3.3%) on 29 AugListed 114 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Summary Being Sold via Secure Sale online bidding. Terms & Conditions apply.
This charming traditional one-bedroom leasehold terrace property presents an exceptional opportunity for first-time buyers, investors or those looking to downsize.
Benefitting from an impressive 973 years remaining on the lease and an allocated parking space, this beautifully presented home has been tastefully modernised throughout whilst retaining a warm and homely feel.
Tucked away in a private position just moments from the heart of Warwick, the property offers a unique sense of privacy and tranquillity whilst remaining within easy walking distance of the town's extensive amenities.
Combining traditional character with contemporary interior styling, this well-maintained home is ready to move straight into and enjoy, providing comfortable, low-maintenance living in a highly sought-after location.
The accommodation briefly comprises a modern fitted kitchen and contemporary shower room to the ground floor, with stairs leading to a spacious first-floor lounge and a generous double bedroom.
This delightful property perfectly blends period charm with modern-day living, creating a characterful home ideally suited to a variety of purchasers.
Smith Street is widely regarded as one of Warwick's most desirable and historic locations, offering an enviable lifestyle with an excellent selection of independent cafs, restaurants, traditional public houses, boutique shopping and everyday amenities all within easy walking distance.
Renowned for its rich history and stunning architecture, including the iconic Warwick Castle, Warwick provides a truly exceptional setting for both homeowners and investors alike.
Early viewing is highly recommended to fully appreciate the charm, character and location that this wonderful home has to offer.
Council Tax Band: B Tenure: Leasehold Length of Lease: 973 Annual Service Charge Amount: 576.00 Entrance Hall Doors leading to kitchen and shower room, side facing window, spotlights to ceiling, wall mounted electric heater, ceramic tile floor, stairs to first floor.
Kitchen (5.29m x 1.78m) Range of wall and base units, bowl sink and mixer tap with drainer, worksurface, side facing window, electric hob and extractor hood, electric oven, plumbing for a washing machine, space for tumble dryer and fridge/freezer, tiling to splash areas, storage cupboard, spotlights to ceiling, wall mounted electric heater, ceramic tiled floor.
Shower Room (2.71m x 1.62m) Electric shower, sink and mixer tap inset into storage cabinet, low flush wc, wall mounted electric towel radiator, side facing window, wall mounted electric fan heater, extractor fan, ceramic tiled floor, floor to ceiling tiled.
Lounge (3.09m x 2.18m) 2 front facing secondary glazed windows, wall mounted electric heater, spotlights to ceiling, door to bedroom.
Bedroom 1 (3.09m x 2.18m) 2 secondary glazed rear facing windows, range of built in bedroom furniture two 1/2 doors to storage cupboards, spotlights to ceiling.
Auctioneers Additional Comments Pattinson Auction are referred to as The Auctioneer.
This auction lot is being sold by either conditional (Modern) or unconditional (Traditional) auction terms and overseen by The Auctioneer.
The method of auction sale and the applicable terms and conditions are found on the lot page of this property on The Auctioneers website.
The property is available to view strictly by appointment only via any Marketing Agent or The Auctioneer.
Please be aware that any enquiry, bid or viewing of the subject property will require your details to be shared between any marketing agent and The Auctioneer so that matters can be dealt with effectively.
The property is being sold via a transparent online auction. To submit a bid, all bidders must adhere to a verification of identity process in line with Anti Money Laundering procedures.
Bids can be submitted at any time and from anywhere.
Auctioneers Additional Comments The advertised price is commonly referred to as a Starting Bid or Guide Price and is accompanied by a Reserve Price.
The Reserve Price is confidential to the seller and The Auctioneer and will typically be within a range above or below 10% of the Guide Price or Starting Bid. These prices are subject to change.
An auction can be closed at any time, with The Auctioneer permitting the property (the lot) to be sold prior to the end of the auction.
A Legal Pack associated with this property is available to view upon request and contains details relevant to the legal documentation, enabling all interested parties to make an informed decision prior to bidding.
The Legal Pack will also outline the buyers obligations and sellers commitments.
It is strongly advised that you seek the counsel of a solicitor prior to proceeding with any property and/or Land Title purchase.
Auctioneers Additional Comments In order to secure the property and ensure commitment from the seller, upon exchange of contracts the successful bidder will be expected to pay a non-refundable deposit equivalent to 5% of the purchase price.
The deposit will form part of the purchase price.
A non-refundable reservation fee of up to 6% inc VAT (subject to a minimum fee which could be up to 7,200 inc VAT) is also payable upon agreement of sale.
The Reservation Fee is in addition to the agreed purchase price, and consideration should be given by the purchaser to any Stamp Duty Land Tax liability associated with the overall purchase costs.
Both the Marketing Agent and The Auctioneer may consider it necessary or beneficial to pass customer details to third-party service suppliers, from whom a referral fee may be received.
There is no requirement or obligation to use any recommended suppliers or services.
Value & comps
No previous sales on record.
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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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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 11 The Knibbs, Smith Street, Warwick
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