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3 Portia Avenue, Shirley, Solihull B90 2NN

Lot no: 68 Sold at Auction for £600,000
 

Guide Price £550,000+ 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.

Tuesday 5th September 2023

10.00am
Key Features
  • Rare opportunity
  • Sought after location
  • Potential for 6/7 Bedroom and five bathrooms
  • Potential to be worth in excess of £1m(once renovations are completed)
  • Significant first fix works already completed
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Sold at Auction for £600,000

Detached house

Property Description:

A rare and incredible opportunity to buy an immense property in the sought after area of Shirley. Planning has been confirmed and the property has been taken back to brick, the extensions are in place and significant time and monies have already been spent.

The property has an atrium to the front and boasts 6/7 bedrooms, five bathrooms, separate lounge, a 46ft open plan living space with access to the rear garden as well as double garage, multiple parking spaces on a very generous corner plot.

Location is within walking distance to Shirley high street, local amenities and transport links are plentiful and second to none. Sought after location and a superb opportunity to create your own dream home or complete the works and sell on.

Our vendor has been advised by local estate agents that once the property has been completed it will command a price in excess of £1,000,000. Prospective buyers are advised to make all necessary independent enquiries prior to placing their bid as this will be binding.

Viewing is highly recommended.

PL/2020/03015/MINFHO - Planning Reference

Two storey forward porch extension, two storey side and rear wrap around extension, rear/side extension to existing loft space and first floor side extension.

Note

Prospective buyers are advised to make all necessary independent enquiries prior to placing their bid as this will be binding.

Tenure:

See Legal Pack. 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.
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