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Flat 9, Handsworth Wood, Birmingham, B20 2DT

Lot no: 56 Sold at Auction for £31,000
 

Guide Price £27,500+ plus fees

Conditional with Reservation FeeOn the fall of the hammer, the successful bidder will enter into a Reservation Agreement with the seller and be granted an exclusivity period of 60 days to purchase the property (unless the Special Conditions of Sale specify a different timescale). The successful bidder must use the exclusivity period to proceed to exchange of contracts and complete the purchase. On the fall of the hammer, the successful bidder must immediately pay a non-refundable Reservation Fee of 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 Reservation Fee is subject to a minimum of £6,000.

Thursday 29th April 2021

10.00am
Key Features
  • One Bedroom Ground Floor Flat
  • Close To Hamstead Train Station
  • Communal Gardens
  • Excellent Motorway Access Links
  • EPC Rating: G
  • Excellent Shopping Facilities Close By
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Sold at Auction for £31,000

Flat

Property Description:

Fantastic Investment opportunity. This stand alone one bedroom flat, set in a private position at the rear of the main development. Having it's own private front door and a private outlook on to the Large communal Gardens.

This Flat is located on the ever popular location of Handsworth Wood Road and accessible to an array of local amenities to include public transport links for ease of access to City Center, Hamstead Train Station being located a short distance away, Shopping facilities, public parks and motorway access Links.

This Flat could realize a rental income of £475.00 PCM.

Front

This Flat is located to the rear of the main property and is a stand alone One Bedroom Flat

Kitchen w: 2.18m x l: 3.07m (w: 7' 2" x l: 10' 1")

Accessed via a upvc double glazed front door, having a range of base units with work surfaces over, integral oven and hob, stainless steel sink with drainer, tiled splash backs, wall heater and upvc double glazed window.

Bathroom w: 1.83m x l: 1.96m (w: 6' x l: 6' 5")

Having obscure upvs double glazed window, wash hand basin, bathe with electric shower over (Not Tested), tiled walls and floor and door leading to separate WC.

WC

Having small obscure upvc double glazed window, tiled flooring and WC

Lounge w: 2.34m x l: 3.66m (w: 7' 8" x l: 12' )

Having upvc double glazed window overlooking rear Garden, laminate flooring and wall heater.

Bedroom One w: 2.03m x l: 3.84m (w: 6' 8" x l: 12' 7")

Having three dual aspect upvc double glazed windows overlooking rear Garden, laminate flooring and wall heater.

Communal Gardens

Being a very good size being mainly laid to lawn with mature shrubs and borders.

Occupancy

Vacant.

Auction type:

Conditional with reservation fee.

Tenure:

Leasehold.


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

Contracts of sale will not be immediately exchanged. As the successful buyer, you will enter into a 40 business-day exclusivity agreement with the seller, in which to exchange contracts and complete. Please refer to our Auction Conduct Guide for further information on our auction types and sale methods.

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

Auction Fees:
The following non- refundable auctioneers fee applies:
• Reservation 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 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 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.