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 work2-bedroom house · SA15 2TY
Listing removedListed 133 daysAuction 8 Jul · ended
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Auction registration is now open the bidding will open on the 8th July 2026 at 10AM and will close on the 8th July 2026 at 11AM.
A two-bedroom end-terrace property situated in Llanelli, offering excellent potential for modernisation.
The property would benefit from updating throughout, making it an ideal opportunity for investors or buyers looking to add value.
Externally, the property benefits from a garage to the rear, providing additional storage.
With strong investment potential, this property presents a great opportunity to create a lovely home or rental. Early viewing is highly recommended.
Ground Floor Lounge/Diner (7.51m x 4.02m (24'7" x 13'2" )) Kitchen/Breakfast Room (3.79m x 3.05m (12'5" x 10'0" )) Utility Room (3.05m x 2.82m (10'0" x 9'3" )) First Floor Bedroom 1 (5.17m x 3.89m (16'11" x 12'9" )) Bedroom 2 (3.50m x 3.32m (11'5" x 10'10" )) Bathroom External Garden To Rear Garage To Rear Front Garden Council Tax Band - C Tenure - Freehold Epc - D Further Information You are advised to refer to Ofcom checker for mobile signal and coverage.
Key Guidelines For Auction Buyers 1. Do Your Research: Investigate the property thoroughly, including reviewing the legal pack (available from Dawsons Auction House).
Check the condition, title, and any restrictions. 2. Get Legal Advice: Consult a solicitor before bidding to clarify any legal or procedural concerns. 3.
Understand Your Commitments: If you win, you must exchange contracts immediately, pay a 10% deposit, and a £3,000 buyer’s premium (incl. VAT) on the day. 4.
Be Financially Ready: Completion is due within 28 days (unless stated otherwise), so ensure your finances are in place before bidding. 5.
Fees Apply Regardless: The £3,000 buyer’s premium applies even if a pre auction offer is agreed. Being well-prepared is key to a smooth auction experience.
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.
Short-let licence or registration needed
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
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FAQ
About 24, Lakefield Place, Llanelli
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