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 · CV32 7PR
Sold STCListed 67 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Summary open house - Saturday 5th September 09:00 - 10:00, contact us for details.
Three bedroom terrace home***quiet north leamington cul-de-sac***excellent scope for modernisation***well proportioned accommodation***lounge***kitchen diner***sun room***private rear garden***on street parking***no onward chain*** description Located in a popular North Leamington cul-de-sac, this three-bedroom mid-terrace home presents an excellent opportunity for buyers looking to create their ideal home.
Requiring full renovation throughout, the property offers fantastic potential and is available with no onward chain.
The accommodation briefly comprises a spacious entrance hallway, a well-proportioned lounge, a kitchen dining room, and a sun room overlooking the rear garden.
To the first floor, there are three well proportioned sized bedrooms, a family bathroom, and a separate W.C.
Outside, the property benefits from a private rear garden, providing a great space for landscaping opportunities.
The home is situated in a quiet residential cul-de-sac with on-street parking available nearby.
Conveniently positioned within sought-after North Leamington Spa, the property is ideally located for local schools, amenities, and transport links, making it an excellent prospect for first-time buyers, investors, or those seeking a renovation project with significant potential.
Auctioneer's Comments This property is offered through Modern Method of Auction. Should you view, offer or bid your data will be shared with the Auctioneer, iamsold Limited.
This method requires both parties to complete the transaction within 56 days, allowing 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 of 4.5% of the purchase price including VAT, subject to a minimum of £6600.00 including VAT.
This 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 complete an identification process with iamsold and provide proof of how the purchase would be funded.
The property has a Buyer Information Pack containing documents about the property.
The documents may not tell you everything you need to know, so you must complete your own due diligence before bidding.
A sample of the Reservation Agreement and terms and conditions are contained within this pack. The buyer will also make payment of no more than £349 inc. VAT towards the preparation cost of the pack.
Please confirm exact costs with the auctioneer. The estate agent and auctioneer may recommend the services of other providers to you, in which they will be paid for the referral.
These services are optional, and you will be advised of any payment, in writing before any services are accepted. Listing is subject to a start price and undisclosed reserve price that can change.
Approach Located in a quiet North Leamington cul-de-sac the property is set back from the road behind the fore garden with a pathway to the front entrance.
Entrance Hallway Spacious entrance hallway with stairs rising to the first floor and under stairs storage space a radiator and doors to the lounge and kitchen/diner.
Lounge Spacious lounge consisting of a feature fire place, a radiator, a double glazed window to front elevation and a door to the kitchen/diner.
Kitchen/Diner Fitted with wall and base units with work surfaces over and tiling to the splash back areas, incorporating a stainless steel sink and drainer unit.
Housing the wall-mounted boiler and providing space for white goods. Comprising a larder cupboard, a radiator, a double glazed window to rear elevation and sliding doors leading to the Conservatory.
Conservatory Having windows to side and rear elevation as well as door leading to the garden. First Floor Landing The stairs lead from the hallway.
There is an airing cupboard housing the hot water tank, a built-in storage cupboard, a radiator and access to the loft. With doors to all bedrooms, the family bathroom and separate W/C.
Bedroom One Double bedroom having a radiator and a double glazed window to rear elevation. Bedroom Two Double bedroom having a radiator and a double glazed window to front elevation.
Bedroom Three With a fitted wardrobe over the stair bulkhead, a radiator and a double glazed window to front elevation.
Bathroom Two piece suite fitted with a wash hand basin and a bath with mixer taps and shower over. Having fully tiled walls, a radiator and a double glazed window to rear elevation.
Separate W/C Fitted with a low level W/C and a double glazed window to rear elevation.
Outside Rear Garden To the rear is a good size enclosed garden, offering opportunity for buyers to redesign and personalise the outdoor space with a small outbuilding providing useful storage.
Parking On street. Buyer Aml Fee Please note that the aml fee covers the cost of carrying out the required identity and anti-money laundering checks.
Once these checks have been completed, the fee cannot be refunded, even if the property purchase does not go ahead. 1.
Money laundering regulations - Intending purchasers will be asked to produce identification documentation at a later stage and we would ask for your co-operation in order that there will be no delay in agreeing the sale.
2: These particulars do not constitute part or all of an offer or contract. 3: The measurements indicated are supplied for guidance only and as such must be considered incorrect.
4: Potential buyers are advised to recheck the measurements before committing to any expense.
5: Connells has not tested any apparatus, equipment, fixtures, fittings or services and it is the buyers interests to check the working condition of any appliances.
6: Connells has not sought to verify the legal title of the property and the buyers must obtain verification from their solicitor.
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
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FAQ
About 6, Sudbury Close, Leamington Spa
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