13th March 2020
Could auction catalogue be the key to your next property project?
Investors, developers and private buyers looking for their next property project are urged to check out SDL Auctions Bigwood’s latest catalogue.
Launched ahead of SDL Auctions Bigwood’s next auction at Villa Park, the 56-page catalogue is packed with 48 varied lots, including houses, flats, commercial properties and more.
Getting the auction off to a great start will be the sale of a renovation property in Wolverhampton.
30 Victoria Road in Fallings Park is a vacant three bedroomed semi-detached house with a *guide price of £68,000+. Requiring a full scheme of upgrading and improvement, the property has an entrance porch, kitchen and two reception rooms on the ground floor, with three bedrooms and a bathroom upstairs. Outside is a larger-than-average garden.
Vejay Pal, Head of Auctions West Midlands at SDL Auctions Bigwood, said: “Renovation projects such as this are very popular with investors, who appreciate the opportunity to add value to a property before selling it on or renting it out. And this one is likely to be much in demand on the rental market as it is within walking distance of New Cross Hospital, making it ideal for NHS workers.”
While the auction room is a good place to find a refurbishment project, the properties on offer represent a wide spectrum, and several well-presented homes are going under the hammer this month, too.
One of them is 220 Newton Road in Great Barr, a four bedroomed detached bungalow set back from the road. With a guide price of £220,000+, the property is well positioned for commuters, with easy access to the motorway network and Birmingham International Airport.
The bungalow features an entrance porch, hallway, lounge, dining area, sitting area, conservatory, kitchen, laundry room, four bedrooms – one with an en suite – a shower room and WC. Outside is a garage, an extensive driveway and gardens front and rear.
Another excellent refurbishment project can be found at 38 Tong Street in Walsall with a guide price of £55,000+.
This two bedroomed property requires upgrading and improvements however, it benefits from uPVC double glazing and is situated within easy reach of Walsall town centre.
A refurbished second-floor flat provides an investor with the opportunity to hit the ground running as it is already let at £400 per calendar month. Flat 6, 78 Persehouse Street in Walsall, which has a guide price of £39,000+, is a self-contained flat which forms part of a semi-detached property. It features a lounge/kitchenette, bedroom and shower room with WC.
For those looking for a much larger investment, 28-30 The Green in Castle Bromwich is a nine bedroomed former bed and breakfast with a guide price of £325,000+.
With extensive accommodation providing a great deal of versatility, it’s a property which Vejay believes has huge potential.
He said: “This is an extensive three-storey property which is ideal for an investor. It is less than 20 minutes’ drive away from both the NEC and Birmingham Airport, which makes it ideal to run as a B&B. Alternatively, with the appropriate planning permissions and licences, it could be converted into a House in Multiple Occupation or self-contained apartments. Whoever buys this property has plenty of options.”
To find out more about any of the properties going under the hammer on Wednesday 25th March at SDL Auctions Bigwood’s auction at Villa Park, view the catalogue here, where you will also find information about bidding online, by telephone or by proxy.