9 bedroom Semi-detached house in Birmingham

13 George Road, Erdington, Birmingham B23 7QE
  • Lot No: 26
  • Property Type: Semi-detached house
  • Contract Type: Unconditional with Fixed Fee

Guide Price* £225,000+ plus fees

Result Sold at Auction £250,000

Property Description

DRAFT DETAILS A vacant nine bedroomed investment property. This nine 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 upon a potential income of £75 per week per room this property could potentially provide a return of £35,100 per annum providing over 17% yield, based on the current guide price.

Bedroom 1

17ft 1 x 12ft 5


Bedroom 2

10ft 8 x 9ft 2


Bedroom 3

10ft 9 x 9ft 2


Kitchen

14ft 1 x 6ft 11


Bedroom 4

12ft 11 x 8ft 9


Bedroom 5

13ft 0 x 8ft 7


Bedroom 6

11ft 9 x 7ft 11


Bedroom 7

11ft 9 x 10ft 6


Bathroom

6ft 9 x 6ft 3


Shower Room

8ft 3 x 3ft 11


Bedroom 8

13ft 0 x 10ft 9


Bedroom 9

19ft 11 x 6ft7


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

Contact Us

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Map

13 George Road, Erdington, Birmingham B23 7QE