21st May 2020
Hidden bungalow would make ideal investment property
Walk along Little Green Lanes in Wylde Green, Sutton Coldfield, and you’d be forgiven for reaching the end without even noticing the chalet bungalow two doors down from the church.
Almost completely hidden by overgrown bushes, 4 Little Green Lanes in Sutton Coldfield is a refurbishment project that’s not for the faint-hearted.
The boarded-up property is due to be sold by SDL Auctions Bigwood at its national property auction later this month, with a *guide price of £90,000+ – and valuer Neal Hume says it would make a great investment property for the right buyer.
He said: “Yes, this is a property in very poor condition, but we know that investors will not be put off by this as they have the experience to appreciate that properties of this type and in this location will always be sought after. Bungalows are much in demand by our ageing population and Wylde Green is a highly desirable area of Sutton Coldfield.
“This will be a major refurbishment project for the new owner – or there may be the option to knock down and rebuild, extending into the large garden, subject to any necessary planning permissions, of course.”
The detached property is in a row of bungalows, located opposite the post office, a well-regarded primary school and The Lanes Shopping Centre, making it ideally placed for either a retired couple or a family. Shops and grocery stores – including Marks & Spencer Simply Food – are all within a few minutes’ walk.
Nearby there are several golf courses, including Walmley Golf Club just half a mile away, and numerous parks, including the popular Sutton Park, a 2,400 acre National Nature Reserve.
Transport links are excellent, too, with easy access to main roads and motorways, and Birmingham International Airport around a 25-minute drive away, or easily accessed by train. Chester Road railway station is within walking distance and runs several services an hour, reaching Birmingham New Street in less than 15 minutes.
Neal added: “This bungalow really does have everything you could need on its doorstep and, once refurbished, has the potential to become a highly desirable property. It offers the convenience and comforts of life in this sought-after suburb and the versatility to appeal to various types of buyer or tenant. It would make an excellent investment property.”
Previously leasehold, the lease reverted to the freeholder several years ago, so the bungalow is now being sold as a freehold property.
4 Little Green Lanes has a guide price of £90,000+ and will be sold by SDL Auctions Bigwood in its national property auction on Thursday 28th May. With managing director and auctioneer Andrew Parker at the rostrum in the company’s auction studio, the auction will be broadcast live via the company’s website and buyers can bid by proxy, by telephone and on the internet.
Neal said: “Since the lockdown began in March, we have raised over £17 million via our property auctions, confirming our belief that there is still a need to sell property, and that many people simply aren’t in a position to wait until the crisis is over. We are proud to continue to serve our customers while maintaining social distancing and keeping everyone safe.”
Bids can be placed remotely by proxy, by telephone and on the internet. To register for remote bidding, please click here or call the team on 0121 233 5046.