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7 Cinnamon Close, Birmingham, West Midlands B5 7SD

Lot no: 71 Re-entry to a future auction
 

Guide Price £220,000+ 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.

Thursday 30th June 2022

10.00am
Key Features
  • 360 degree tour available
  • Four bedrooms
  • Vacant posession
  • EPC Rating: B
  • Council Tax Band: B
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Re-entry to a future auction

Mews house

Property Description:

DRAFT DETAILS

Modern three storey town house. A private cul-de-sac location makes this the perfect family home or an excellent buy-to-let investment opportunity with potential rental income of £1,200 per calendar month or £14,400 per annum. Prospective buyers are advised to make all necessary independent enquiries prior to placing their bid as this will be binding

Property comprising an entrance hallway with guest WC, open plan modern kitchen, living room with French doors opening into the garden. To the first floor is a double bedroom with Juliette balcony, a family bathroom and a second double bedroom. To the second floor are a further two bedrooms with en-suite off the master. There is a parking space available to the front of the terrace, and a garden and patio to the rear. The property boasts gas central heating and UPVC double glazing. Viewings available.

Located in Edgbaston, just less then two miles south of Birmingham City Centre. The area surrounding the popular Cannon Hill Park which hosts a range of events and family activities over the year is also home to the Midlands Arts Centre with a cinema, gallery, theatre and restaurant. Also in the area is Edgbaston Cricket Ground, a range of supermarkets, shops and other amenities.

Entrance Hall including WC

17ft 2 x 6ft 5

Living Room

13ft 6 x 8ft 5

First Floor:
Bedroom One

13ft 5 x 9ft

Bedroom Two including wardrobe

13ft 6 x 5ft 9

Bathroom

6ft 8 x 6ft 1

Second Floor:
Bedroom Three with En suite including wardrobe

13ft 6 x 10ft 1

En Suite

6ft 6 x 5ft 9

Bedroom Four including wardrobe

12ft 5 x 9ft 4

Viewings

16th June 14:30 - 15:30<br>22nd June 10:45 - 11:45<br>28th June 15:00 - 16:00<br>Please visit the SDL Auctions website to book onto a viewing slot.

Leasehold

Length of lease: 160 years less one day beginning on and including 21.3.2014 and {tab}ending on and including 19.3.2174
Current ground rent: A peppercorn per annum if demanded
Ground rent review period: TBC
Current service charge: TBC
Service charge review period: TBC

This information should be clarified in the legal pack and we’ll update the information above when we receive it.

Tenure:

Leasehold. 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.