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10 Thaxted Road, Birmingham B33 9UP

Auction Event
 

Guide Price £75,000+ plus fees

UnconditionalOn 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 the applicable deposit and Buyer’s Fee stated on the property description, both of which are non-refundable. The deposit contributes to the purchase price. The Buyer’s Fee does not contribute to the purchase price. Completion must take place usually within 30 days, unless the Special Conditions of Sale within the legal pack state otherwise.

Thursday 29th May 2025

9.00am
Key Features
  • Council Tax Band: B
  • 3 Bedroom Town House
  • Property in need of modernisation and refurbishment
  • Potential rental income in excess of £12k pa
  • In Demand BTL area with very limited availability for rental properties
  • Quiet cul de sac Location
  • EPC Rating: Awaited
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Town house

Property Description:

A 3 bedroom town house in need of modernisation and refurbishment, located in a popular and in Demand BTL location.

This property is situated within a cul de sac location and offers an excellent investment opportunity. Rents in the area are in excess of £1k pcm, offering a great opportunity to purchase a high yielding BTL investment.

The property in brief comprises of an entrance hall, kitchen/diner, lounge, 3 bedrooms and a family bathroom. Once renovated there could be a significant uplift in value making this property a great opportunity for any savvy investor.

Viewings are available.

Porch and Entrance Hall
Lounge - 17ft 7 x 11ft 4
Kitchen - 14ft 4 x 7ft 9
Bedroom One - 10ft 4 + wardrobes x 9ft 4
Bedroom Two - 11ft 6 + wardrobe x 9ft 8
Bedroom Three - 8ft 5 x 5ft 9
Bathroom
Additional Information:

Construction Material: Standard Brick. Broadband Coverage: Standard, Ultrafast and Superfast. Mobile signal: O2, Vodafone, EE and Three. Satellite and Cable: BT, Sky and Virgin.

Leasehold Information

Any ground rent and service charge review periods will be confirmed in the lease documents within the legal pack.

Draft Sales Details

These sales details are awaiting vendor approval.

Tenure:

Leasehold. Vacant possession upon completion.


Utilities Information
  • Heating Supply: Gas
  • Electric Supply: Mains Supply
  • Water Supply: Mains Supply
  • Sewerage Arrangements: Mains Supply
Parking Arrangements

Driveway



Auction Details

The sale of this property will take place on the stated date by way of Auction Event and is being sold under an Unconditional sale type.

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 (subject to a minimum of £6,000 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.