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85 Bromford Lane, Erdington, Birmingham, West Midlands B24 8JR

Lot no: 32 Sold at Auction for £166,000
 

Guide Price £115,000+ plus fees

Unconditional with Variable FeeOn the fall of the hammer, the successful bidder will be legally bound to purchase the property. The successful bidder must immediately exchange contracts, pay a 5% deposit (subject to a minimum of £5,000) along with a non-refundable Buyer’s Fee of either 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 Buyer’s Fee is subject to a minimum of £6,000. Completion must take place usually within 30 days unless the Special Conditions of Sale state otherwise.

Thursday 30th March 2023

10.00am
Key Features
  • Extended three bedroom house
  • In need of renovation
  • Very popular residential location close to a wide range of local amenities
  • Potential to add value
  • EPC Rating: D
  • Council Tax Band: B
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Sold at Auction for £166,000

Semi-detached house

Property Description:

An extended three bedroom semi detached house located in a very popular residential location requiring modernisation. Potential investment opportunity for an investor to add value and refurbish the property to either sell on or add to their portfolio.

The property has been extensively extended and boasts a 24 foot lounge/diner and a 23 foot kitchen. Once renovated this could become a great family home to sell or put on the rental market, where properties in the area are in very high demand. Prospective buyers are advised to make all necessary independent enquiries prior to placing their bid as this will be binding.

Viewings are available and recommended. Please see the Virtual Tour on Rightmove/our website.

Ground Floor
Porch
Entrance Hall
Lounge/diner - 24ft 9 into bay x 21ft 1 Max
Kitchen area - 23ft max x 7ft 8 open to
Dining area - 9ft 8 x 9ft 2
First floor:
Landing
Bedroom one - 12ft 5 x 12ft
Bedroom two - 12ft 5 x 12ft
Bedroom three - 7ft 8 x 6ft 6
Bathroom
Outside:
Off Road Parking to the front
Private rear garden
Tenure:

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 Variable 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 fees apply:

• 5% deposit (subject to a minimum of £5,000)
• Buyer’s 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 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.
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