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255 Nineveh Road, Birmingham B21 0TA

Lot no: 59 Sold at Auction for £144,000
 

Guide Price £95,000 - £110,000 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 27th April 2023

10.00am
Key Features
  • Guide price: £95,000 - £110,000
  • Three bedroom terraced property
  • Rental income of £8,089 per annum
  • Investment Property
  • EPC Rating: D
  • Council Tax Band: A
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Sold at Auction for £144,000

Terraced House

Property Description:

A three bedroom investment property with a rental income of £8,089 per annum.

This three bedroomed property is currently rented out on a full repairing and insuring rental agreement, making this investment more secure and providing a rental income of £674.16 per calendar month or £8,089 per annum.

Hallway
Reception Room One

3.96m x 2.44m(being used as a bedroom)

Reception Room Two

3.70m x 3.48m

Kitchen

3.09m x 2.02m

Bathroom

3.08m x 2.01m

Bedroom One

3.49m x 3.41m

Bedroom Two

3.74m x 2.61m

Bedroom Three

3.10m x 2.08m

Tenure:

Freehold. Subject to tenancy.



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.