31st January 2020
Catalogue launched ahead of Birmingham’s first property auction of the year
The new property auction season officially begins with the release of SDL Auctions Bigwood’s first catalogue of the year, ahead of its Villa Park auction on Thursday 13 February.
And the auctioneer is hoping to repeat its 2019 success, when it remained the top auctioneer in the Midlands, raising 107% more in sales than its nearest competitor*.
The 52-page auction catalogue features 46 residential and commercial lots to suit all budgets and all types of buyer, from those looking for their next home to investors seeking to add to their portfolios.
The first lot of the year to go under the hammer will be 9 Colman Avenue in Wolverhampton, a family house with a *guide price of £30,000+.
The vacant three bedroomed semi, which requires modernisation, has two reception rooms, kitchen and hallway on the ground floor, with three bedrooms and a bathroom upstairs. Outside there is car standing at the front and an enclosed rear garden.
The property is leasehold and it is believed there are approximately 15 years remaining on the lease and a ground rent of £6 per year with no service charges.
Head of Auctions West Midlands Vejay Pal said: “This would make a great addition to a buy-to-let portfolio, as there is the opportunity to add value and the house is in a really popular location close to shops, amenities and parks. An excellent investment property.”
Investors looking to hit the ground running will be interested 48 Carnegie Avenue in Tipton, which is ready to let and has a potential annual rental income of £5,100.
The vacant leasehold first-floor studio flat, which has a guide price of £40,000+, features partitioned lounge and bedroom areas, a kitchen and shower room, with communal gardens and parking. It is located at the end of a cul-de-sac close to shops, parks, cycle routes and transport links, within just a five-minute walk of Dudley Port train station.
It is believed there are around 83 years left on the 120-year lease and the ground rent is £20 per half year.
The popularity of bungalows means auctioneers are expecting 2 Greenly Road in Wolverhampton to draw a great deal of interest from bidders, especially with an attractive guide price of £50,000+.
The vacant two bedroomed semi-detached dormer bungalow has a hallway, lounge, dining room, kitchen, bedroom and bathroom on the ground floor, with an additional bedroom upstairs. Outside it has gardens front and rear, along with a driveway and outbuilding. It is close to amenities and great transport links.
Vejay said: “A bungalow could be a sensible addition to a property portfolio, as more people are renting into retirement and are seeking one-level living. This is a dormer bungalow with one bedroom upstairs, ideal for guests or as a hobby room.”
The final lot of the day will be a large detached house requiring modernisation and upgrading.
148 Pershore Road in Birmingham, which has a guide price of £350,000+, is a substantial five bedroomed residence in a highly regarded location, close to Calthorpe Park, excellent schools and within easy reach of Birmingham city centre.
The ground floor comprises an entrance hallway, lounge, dining room, breakfast room, kitchen, useful pantry and side lobby with utility area, while upstairs there is a reception landing area, five bedrooms, bathroom and separate WC. Outside it has a large driveway, garage and an extensive private enclosed rear garden.
Vejay added: “This is a fabulous property with so much potential and will be a great way to end our first auction of the year with a bang.”
As well as these and more residential properties, there will be retail units, offices and parcels of land and going under the hammer at Villa Park on Thursday 13 February. To see the full catalogue, click here, where you can also find information about bidding online, by telephone or by proxy.