Semi-detached house
DRAFT DETAILS
A vacant nine bedroomed investment property.
This nine bedroomed terraced property was previously let to a Housing Association and used as a multiple occupation building.
Being located within 1/4 mile of Erdington High Street and within 1/2 mile of Spaghetti Junction.
Based upon a potential income of £75 per week per room, this property could potentially provide a return of £35,100 per annum providing 15.6% yield, based on the current guide price.
When the property was last rented out from 16/3/20 to 15/3/22 the income was £30,420 per annum.
Leading to -
15ft 4 x 12ft 4
12ft 10 x 10ft 4
11ft 11 x 9ft 2
9ft 2 x 5ft 10
13ft 0 x 8ft 4
12ft 3 x 9ft 2
12ft 11 x 10ft 5
12ft 10 x 8ft 8
12ft 11 x 7ft 3
10ft 3 x 8ft 9
16ft 1 x 8ft 5
13ft 1 x 7ft 5
6ft 3 x 6ft 0
Freehold. Vacant possession upon completion.
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 (England and Wales).
Binding contracts of sale will be exchanged at the point of sale.
All sales are subject to SDL Property Auctions’ Buyers Terms.
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 £1074 inc. VAT
The Buyer’s Fee does not contribute to the purchase price and will be considered as part of the chargeable consideration for the property in the calculation of stamp duty liability.
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.
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.
