8 bedroom Terraced House in Birmingham

17 George Road, Erdington, Birmingham, West Midlands B23 7QE
  • Lot No: 25
  • Property Type: Terraced House
  • Contract Type: Unconditional with Fixed Fee

Guide Price* £220,000+ plus fees

Result Sold After Auction

Property Description

DRAFT DETAILS A vacant eight bedroomed terrace investment property. This eight bedroomed terraced property was previously let to a Housing Association and used as a multiple occupation building. Being located between Marsh Hill and Slade Road and within 1/2 mile of Spaghetti Junction. Based up a potential income of £75 per week per room this property could potentially provide a return of £31,200 pa providing over 17% yield based upon the current guide price.

Ground Floor

Two Bedroooms<br>Kitchen<br>Utility<br>Bathroom


First Floor

Four Bedrooms<br>Bathroom


Second Floor

Two Bedrooms


Tenure

Freehold

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 auctioneer’s fee apply: • 10% deposit (subject to a minimum of £5,000) • Buyer’s Fee of £1,500 inc. VAT The Buyer’s 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 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.

Auction Details

Date 27th January 2022

Venue National Property Auction
The National Property Auction will be conducted behind closed doors. The auction will be live-streamed online with remote bidding only. Registration for bidding will close at 12pm the day before the auction.

Lot Information

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Map

17 George Road, Erdington, Birmingham, West Midlands B23 7QE