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5 The Grove, Daisy Road, Birmingham B16 9EB

Lot no: 93 Sold After Auction
 

Guide Price £159,500 - £180,000 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 29th June 2023

10.00am
Key Features
  • Guide Price: £159,500 - £180,000
  • Recently renovated property
  • Close to Edgbaston Reservoir which can be seen from the bedroom
  • Three Bedrooms, Two reception rooms and a refurbished kitchen
  • Excellent transport links in to Central Birmingham
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Sold After Auction

Terraced House

Property Description:

A three bedroom period property situation in an incredibly popular residential location with views over Edgbaston Reservoir. Having undergone extensive refurbishment throughout this property is ideal for homeowners or Landlords alike as it has three bedrooms and ample living accommodation.

The property is within easy reach to of the City Centre, City Hospital and QE Hospital and local shops and amenities.

Note: Completion will be 60 days from the contract date.

Ground Floor
Lounge:

12ft 2 x 11ft 2 (3.71m x 3.4m)

Dining Room

11 ft 2 x 11ft 2 (3.4m x 3.4m)

Kitchen

14ft 9 x 7ft 10 (4.5m x 2.39m)

First Floor
Landing
Bedroom One

11ft 10 x 11ft 2 (3.61m x 3.4m)

Bedroom Two

11ft 2 x 9ft 10 (3.4m x 3m)

Bathroom
Second Floor
Bedroom Three:

11ft 2 x 4ft 11 (3.4m x 1.5m)

Outisde

Patio Area

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. Properties located in Scotland will be subject to applicable Scottish law.


Auction Deposit and Fees

The following deposits and non- refundable auctioneers fees apply:

• 5% deposit (subject to a minimum of £5,000)

• Buyers 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 Buyers 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.