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57 Summerfield Crescent, Birmingham B16 0EN

Lot no: 64a Re-entry to a future auction
 

Guide Price £270,000+ 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.

Tuesday 19th December 2023

10.00am
Key Features
  • Six Bedroom Semi Detached
  • Victorian Style Property
  • Excellent Views Over The Reservoir
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Semi-detached house

Property Description:

A six-bedroom, semi-detached property in Birmingham.

A substantial, Victorian style property situated in a popular residential location, next to Summerfield Park, Edgbaston Reservoir and within close proximity to Birmingham City Centre. The property is ideally placed, within easy reach of all necessary amenities including shops, transport links, outdoor spaces and plenty of pubs, bars & eateries. The local post office and pharmacy are both nearby and Birmingham City Hospital is within walking distance. The immediate area is predominantly residential with many of the properties on Summerfield Road converted into flats or HMO’s. This property has most recently been let to a care company for a term of 3 years from August 2020. The property requires some refurbishment but offers spacious accommodation throughout and excellent views over the reservoir and Birmingham City skyline.

Draft Sales Details

These sales details are awaiting vendor approval.

Tenure:

Freehold. See legal pack.


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.

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 fee apply:

• 10% deposit (subject to a minimum of £5,000)

• Buyers Fee of £1,500 inc. VAT

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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