End of terrace house
A 3 storey versatile property set in a popular residential location with high demand for rental properties locally. This property has huge potential and requires some refurbishment to maximise its value. The property can be set out as a 3 or 4 bedroom house, it offers ground floor open plan living/kitchen/dining space with a separate wc, the 2 upper floors have either 3 bedrooms and a lounge or 4 bedrooms as well as a family bathroom.
Rental properties in this location are in high demand and can command between £1,350 - £1,500 pcm therefore offering a yearly income in the region of £18k.
Viewings are available as is a walk round video with commentary (please click on the virtual tour)
This property is located less than 1.5 miles away from Perry Barrs One Stop Shopping Centre and only 2.5 miles away from the Birminghams Bullring. It has great transport links both in and out of the city, with bus services running very frequently. The property is also close to all local amenities including local shops, gyms, doctor surgeries and schools.
Construction Material: System built. Services: TBC. Heating: TBC. Coverage: Broadband - Standard, Ultrafast and Superfast is available in this location. Mobile signal - O2, Vodafone, EE and Three show as high in this area. Satellite and Cable - BT, Sky and Virgin show as available in this area.
Prospective buyers are advised to make all necessary independent enquiries prior to placing their bid as this will be binding.
These sales details are awaiting vendor approval.
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.
