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 terraced house · TS6 0JZ
For saleListed 1 day
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
FOR SALE BY MODERN METHOD OF AUCTION – T & C'S APPLY SUBJECT TO RESERVE PRICE BUYERS FEES APPLY THE MODERN METHOD OF AUCTION CHARACTER COTTAGE IN THE HEART OF NORMANBY – A FANTASTIC RENOVATION OPPORTUNITY Occupying a highly sought-after position within the heart of Normanby's historic High Street, this deceptively spacious three-bedroom cottage presents an exciting opportunity for buyers looking to create a home full of character and individuality.
Requiring a programme of modernisation throughout, the property offers generous accommodation that provides an excellent foundation for refurbishment, with many original features and a layout that lends itself perfectly to sympathetic updating.
The accommodation begins with an entrance lobby leading into a spacious living room, before continuing through to the kitchen overlooking the rear courtyard.
To the first floor are three well-proportioned bedrooms together with a modern shower room, fitted with a contemporary double walk-in shower enclosure, offering one area of the home already upgraded.
Adding to its charm, the property incorporates a distinctive first-floor room extending over the shared archway, creating a characterful layout rarely found within the area.
Externally, the property enjoys an enclosed front garden with mature planting, while to the rear is a private courtyard together with useful brick-built outbuildings, offering excellent storage or potential for further enhancement.
Whether you're an investor, developer or buyer searching for your next renovation project, opportunities in this location are increasingly difficult to find.
With Normanby's excellent range of shops, cafés, amenities and transport links all within easy walking distance, this property offers outstanding potential to create something truly special.
AUCTIONEER'S 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 buyer's solicitor.
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 fee is 4.5% of the purchase price including VAT, subject to a minimum of £6,600 including VAT.
The Reservation Fee is paid in addition to the purchase price and will be considered within calculations for Stamp Duty Land Tax.
Buyers should seek independent legal advice regarding the reservation agreement and auction process before bidding. The property is subject to a Reservation Price.
The Reservation Price and the Reservation Fee may change or vary and should be confirmed before proceeding.
Additional services may be offered by the Auctioneer or associated parties, including conveyancing, surveys and financial services.
Any such services are optional and subject to separate terms and charges, which may be up to £960 including VAT. MEASUREMENTS Measurements are shown on the floorplans. NEEDING A MORTGAGE?
We work in partnership with Mortgage Advice Bureau to search the whole marketplace and find the right mortgage for you.
Speak to our team to arrange a free, no-obligation appointment and receive expert advice tailored to your individual circumstances.
AGENTS' NOTES The measurements provided are intended as a guide only and have been taken from the floorplans.
These particulars do not constitute any part of an offer or contract and should not be relied upon as statements of fact.
Prospective purchasers should satisfy themselves by inspection or otherwise as to the accuracy of the information provided.
Services, systems and appliances referred to within these particulars have not been tested by Selectiv and no warranty can be given as to their condition or working order.
Please note that some photographs may have been digitally enhanced, virtually staged or taken at different times of the year to best showcase the property.
The property includes an element of flying freehold. Prospective purchasers are advised to make their own enquiries through their solicitor and mortgage lender.
ANTI-MONEY LAUNDERING REGULATIONS In accordance with current Anti-Money Laundering Regulations, all purchasers whose offer is accepted on a property marketed by Selectiv will be required to complete an identity verification check.
This is a legal requirement designed to help prevent fraud and financial crime. Identity verification is carried out securely through our trusted third-party provider.
The process is not a credit check and will have no impact on your credit rating or credit history. EPC Rating: F Parking - On street
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
Agent & docs

FAQ
About High Street, Normanby, TS6
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