3 BED Terraced House For sale

Smorrall Lane, Bedworth

£120,000

3 1

Enquire about this property
01789 867123

Property details

For Sale by Public Auction.

An ideal investment opportunity to acquire a three-bedroom mid-terraced property, offered for sale by auction with a reliable tenant in situ, and situated within the popular residential area of Astley, Bedworth.

The accommodation briefly comprises a spacious lounge through diner, fitted kitchen, three well-proportioned bedrooms, and a family bathroom. Externally, the property benefits from a low-maintenance front courtyard and an enclosed rear garden, predominantly laid to lawn with a patio area.
The property is conveniently located within close proximity to local amenities, transport links, and schooling, making it an attractive option for tenants.

Currently generating an annual rental income of £8,400, the property offers immediate return on investment. With some minor cosmetic refurbishment, there is clear potential to enhance rental value in line with current market conditions. We anticipate a post-improvement rental income of approximately £10,800 per annum, representing a projected gross yield of circa 9% (based on the auction guide price). This represents an appealing opportunity for both new and experienced investors seeking a property with income from day one and scope for future growth.

Auction Details:
Sheldon Bosley Knight Land and Property Auction
Wednesday 3rd June 2026 at 1:00pm
Live Auction Event

Auction Terms



The property will unless previously withdrawn, be sold subject to the Special and General Conditions of Sale, which have been settled by the Vendor’s Solicitor and are contained within the Auction Legal Pack. This pack is available to download to registered bidders. The conditions may also be inspected in the Sale Room at the time of the sale but they will not then be read. The purchaser shall be deemed to bid on those terms whether he shall have inspected the Conditions or not.

The sale of this property will take place on the stated date by way of a live auction event and is being sold as Unconditional with a Fixed Fee. Some sellers may consider a pre-auction offer, and the Lot may be sold or withdrawn before the auction.

Binding contracts of sale will be exchanged at the point of sale.



Auction Deposit and Fees



The following deposits and non-refundable auctioneer’s fee apply. These will need to be paid to the auctioneer on exchange of contracts:

•10% deposit (subject to a minimum of £5,000)
•Buyer’s Premium of £1,500 inc. VAT
•Search pack of £420 inc. VAT

There may be additional costs listed in the Special Conditions of Sale, which will be available to view within the Legal Pack. These additional costs will be payable to the seller’s solicitor on Completion. You must read the Legal Pack carefully before bidding.



Guide Price & Reserve Price



The guide price offers an indication of the price below which the vendor is not willing to sell. It is not necessarily the exact final sale price and is subject to change prior to and up until the day of the auction. Any change in the guide price will reflect a change in the reserve (a figure below which the auctioneer will not be able to sell). The reserve can be expected to be set within the guide range or not more than 10% above a single-figure guide. (RICS Common Auction Conditions 4th Edition).



Plans



Plans shown are for identification purposes only.



Services



The auctioneer understands that mains water, drainage, gas and electricity are connected to the property, though these services have not been tested. Buyers are advised to make their own enquiries to confirm the connected services.



Directions



What Three Words: ///herds.prime.ridge



Tenure and Possession



The property and land are freehold. The property is sold with a tenant in situ so will not be sold with vacant possession on completion. Please refer to the Legal Pack for further details.



Bidder Registration and Auction Legal Pack



If you would like to register to bid, please head to the following link: passport.eigroup.co.uk/bidder-registration/sheldon-bosley-knight/

You can opt to bid online, by telephone or by proxy. You will also be able to download the Auction Legal Pack for the Lot you are interested in here: auctioneertemplates.eigroup.co.uk/guides.aspx?a=1236&c=sbk

The Auction Passport requires you to input the details of your solicitor. If you would like to use our own preferred solicitors, please let us know and I will arrange for a quote to be sent to you.

If this is the first time you have accessed Auction Passport, just press the green button on the left-hand side ‘Click here to sign up for free' to create a new account.



Legal Documents & Additional Costs



It is essential bidders check the legal documents prior to bidding and take professional advice. Special Conditions of Sale can contain additional costs (that is costs over and above the price the lot is ‘knocked down’ at) and bidders are deemed to be aware of any additional costs prior to bidding.



Viewings



All viewings are by appointment only through the Auction Department.




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