Online auction

HMO 8 Bedroom Semi-detached, Edgbaston, B16 9ST

17 Stanmore Road, Birmingham, UK

Time Left

2019-07-18 14:00:00

(Unless Sold Prior)

  • To do so, please contact the auction team and put forward your absolute best bid. As you are asking the seller to close the auction early your offer should be very strong, at the top end or above the guide price. If all terms are agreed, the purchase will adhere to auction rules and terms of the sale.

Starting Bid

£ 350,000

(Fees Apply)
The sale of this lot is subject to an auction administration fee, the greater of £2,500 + VAT or 1.75% +VAT of the purchase price

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  • Freehold
  • 8 Bedrooms
  • 2 Bathrooms
  • Possible HMO
  • Ideal Student Investment
  • Investment Property
  • Rear Garden
Amber Court
0121 6898080

19 Raddlebarn Road, Selly Oak, B29 6HJ

  • Freehold
  • 8 Bedrooms
  • 2 Bathrooms
  • Possible HMO
  • Ideal Student Investment
  • Investment Property
  • Rear Garden
Amber Court
0121 6898080

19 Raddlebarn Road, Selly Oak, B29 6HJ

17 Stanmore Road, Edgbaston, Birmingham, B16 9ST

Guide Price - £365,000 + 

A FREEHOLD HMO RESIDENTIAL INVESTMENT - 8 Bedsits

 

Property Description

A semi-detached house that is an ideal investment opportunity with 8 bedsits over three floors. The property benefits from a hmo license and all bedsits are currently let . The vendor has let the property for over 45 years consistently and it is well located for access in to Birmingham central, the motorway networks of Birmingham as well as local shops and amenities. The accommodation comprises three bedsits with kitchenettes to the ground floor with a shared shower room, to the first floor are three further bedsits also with kitchenettes and a shared shower room. To the second floor are two bedsits with kitchenettes and an area with washing machine. The property also benefits from a separate WC, central heating and rear gardens. Contact Amber Court for further details and viewings

Gross rent approx £30,000 Per Annum

 

Energy Performance Rating

See Legal Pack

 

Auctioneers Note

The deposit for exchange of contracts on this property is 5% subject to a minimum of £5,000.

The completion period for this property is 8 weeks (56 days)

 

Starting Bid and Reserve Price

*The Reserve Price is the minimum price at which the auctioneer is authorised to sell the lot at auction which is generally no more than 10% in excess of the guide price. The lot may be sold to the highest bidder at or above the Reserve Price but the auctioneer is not authorised to accept a bid below the Reserve Price. Reserve prices are subject to change up to the date of the auction. Please note that Lots may be withdrawn prior to the end of auction

 

Disclaimer

These particulars, whilst believed to be accurate are set out as a general outline only for guidance and do not constitute any part of an offer or contract. Intending purchasers should not rely on them as statements of representation of fact, but must satisfy themselves by inspection or otherwise as to their accuracy. No person in this firm’s employment has the authority to make or give any representation or warranty in respect of the property.

No floor plan added.