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35 Iverley Road, Halesowen, B63 3EP

Lot no: 77 Re-entry to a future auction
 

Guide Price £195,000+ plus fees

Unconditional with Fixed FeeOn the fall of the hammer, the successful bidder will be legally bound to purchase the property. The successful bidder must immediately exchange contracts and pay a 10% deposit (subject to a minimum of £5,000), along with a non-refundable Buyer’s Fee. The Buyer’s Fee is £1500, and completion must take place within 30 days, unless the Special Conditions of Sale state otherwise.

Friday 18th December 2020

10.30am
Key Features
  • Video tour coming soon
  • Investment purchase
  • Rental income £8,400 pa - not increased for 9 years
  • Detached property
  • EPC Rating: E
  • Desirable location
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Re-entry to a future auction

Detached house

Property Description:

This detached four bedroomed property is situated at the end of a quiet cul-de-sac and is currently rented out to a long standing tenant at £700 per calendar month / £8,400 per annum and we are informed by the seller that the rental income has not be changed in nine years.

The auctioneers have not inspected the property but believe it to comprise -

GROUND FLOOR:

Entrance Hall
Lounge / Living Room
Kitchen Diner
Guest Cloakroom

FIRST FLOOR:

Landing
Four Bedrooms
Family Bathroom

OUTSIDE:

Gardens to front and rear. Off road parking to the front for multiple cars and garage.

Tenure:

Freehold.


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 Fixed Fee.

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 auctioneer’s fee apply:

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

The Buyer’s 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
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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