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174 Gravelly Hill, Birmingham B23 7PF

Lot no: 93 Sold at Auction for £277,000
 

Guide Price £150,000+ plus fees

Unconditional with Variable FeeOn the fall of the hammer, the successful bidder will be legally bound to purchase the property. The successful bidder must immediately exchange contracts, pay a 5% deposit (subject to a minimum of £5,000) along with a non-refundable Buyer’s Fee of either 4.8% of the final sale price of the property up to and including £250,000, or 3.6% if the final sale price is over £250,000. The Buyer’s Fee is subject to a minimum of £6,000. Completion must take place usually within 30 days unless the Special Conditions of Sale state otherwise.

Thursday 25th April 2024

9.00am
Key Features
  • 5 Bedroom Character Property
  • 3 Reception Rooms
  • Renovation Project
  • Close to 3,000sq ft of accommodation over 4 floors
  • Rear access garage and potential for multi vehicle off road parking
  • Extremely popular residential location
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Sold at Auction for £277,000

Terraced House

Property Description:

A 5 double bedroom, 3 reception room character property requiring modernisation.

This property has a wealth of character and retains many of its original features, its set over 4 floors starting with a cellar in the basement, 3 reception rooms, kitchen and WC on the ground floor. The 1st floor offers 3 double bedrooms and a family bathroom and finally on the 2nd floor there are 2 further double bedrooms and an additional room which could be converted into an additional bathroom. Outside, the property is set back from the road with a front garden. To the rear there are 2 storage sheds and an outside wc which could also be extended in to from the kitchen. The garden itself is extremely long and has a garage and further potential to create off road parking as the property has access off Compton Road.

The property offers approx 3,000sq ft of accommodation over 4 floors.

Viewings are available and come highly recommended to fully appreciate the potential this property offers.

Accommodation:
Entrance Hall
Hall
Lounge - 15ft 3 into Bay x 14ft 3
Dining Room - 15ft 9 x 14ft 3
Breakfast/Sitting Room - 13ft 1 x 11ft 4
Kitchen - 9ft 6 x 8ft 1
Cellar - 15ft 2 x 20ft 7 max (13ft 5 min)
Split level 1st floor Landing
Bedroom One - 20ft 9 max x 13ft 4
Bedroom Two - 16ft 3 x 14ft 3
Bedroom Three - 12ft 10 x 11ft 5
Bathroom - 10ft 1 x 6ft 5
Second Floor landing
Bedroom Four - 16ft x 13ft 9
Bedroom Five - 13ft 9 x 13ft 2
Storage Room - 6ft 6 x 6ft 6
Additional Information:

Construction Material: TBC. Services: Mains. Heating: TBC. Coverage: Broadband - Standard and Ultrafast is available in this location. Mobile signal - Vodafone shows as high in this area, and EE, Three and O2 as medium. Satellite and Cable - BT, Sky and Virgin show as available in this area.

Draft Sales Details

These sales details are awaiting vendor approval.

Tenure:

Freehold. Vacant possession upon completion.



Auction Details

The sale of this property will take place on the stated date by way of Auction Event and is being sold as Unconditional with Variable Fee (England and Wales).

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

All sales are subject to SDL Property Auctions Buyers Terms. Properties located in Scotland will be subject to applicable Scottish law.


Auction Deposit and Fees

The following deposits and non- refundable auctioneers fees apply:

• 5% deposit (subject to a minimum of £5,000)

• Buyers Fee of 4.8% of the purchase price for properties sold for up to £250,000, or 3.6% of the purchase price for properties sold for over £250,000 (in all cases, subject to a minimum of £6,000 inc. VAT). For worked examples please refer to the Auction Conduct Guide.

The Buyers Fee does not contribute to the purchase price, however it will be taken into account when calculating the Stamp Duty Land Tax for the property (known as Land and Buildings Transaction Tax for properties located in Scotland), because it forms part of the chargeable consideration for the property.

There may be additional fees listed in the Special Conditions of Sale, which will be available to view within the Legal Pack. You must read the Legal Pack carefully before bidding.


Additional Information

For full details about all auction methods and sale types please refer to the Auction Conduct Guide which can be viewed on the SDL Property Auctions home page.

This guide includes details on the auction registration process, your payment obligations and how to view the Legal Pack (and any applicable Home Report for residential Scottish properties).


Guide Price & Reserve Price

Each property sold is subject to a Reserve Price. The Reserve Price will be within + or - 10% of the Guide Price. The Guide Price is issued solely as a guide so that a buyer can consider whether or not to pursue their interest. A full definition can be found within the Buyers Terms.
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