Detached house
This is a truly unique property is situated in the historic area of Kings Norton. The property is detached, consists of three bedrooms and is positioned perfectly for the University Of Birmingham and commuters to the city centre via train or cyclists along the canal.
The property comprises of entrance hallway, lounge/diner, kitchen with utility room, downstairs shower room, three well sized bedrooms, family bathroom and an upstairs shower room.
According to the tenancy agreement(please see legal pack) the current rental income is £650 per calendar month. We have been advised there is potential for rental increase.
An ideal investment with huge potential.
Lifford Lane is situated in Kings Norton which dates back to 13th Century and still retains some of its early village character particularly around The Green. Today, The Green is a hive of activity with a wide variety of shops, businesses, a monthly Farmers market and the renowned Mop Fair takes place in October every year. Kings Norton boasts a number of popular schools including St Josephs and Kings Norton Primary School and St Thomas Aquinas Secondary School as well as the much sought after Kings Norton Girls and Boys School. It further benefits from having its own railway station located on Pershore Road, a regular bus service operating along Pershore Road and easy access to Junction 3 of the M42 which gives quicker access to both the M5 and M40.
We have been advised that the property has not previously been ventilated sufficiently and this has therefore created mould. A damp survey has been conducted earlier this year, and since three humidity-sensitive extraction fans have been fitted last month. The extension floor also requires some ventilation however, a temporary covering has been fitted.
Please be advised that the auctioneers have not personally inspected the property. Prospective buyers are advised to make a viewing enquiry and any other necessary independent enquiries before placing their bid, as this will be binding.
These sales details are awaiting vendor approval.
Freehold. Subject to tenancy.
Auction Details
The sale of this property will take place on the stated date by way of Timed Auction 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.
