9 bedroom Semi-detached house in Birmingham
40 Cecil Road, Erdington, Birmingham, West Midlands B24 8AT
- Lot No: 31
- 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 within 1/4 mile of Erdington High Street 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 15.6% yield, based on the current guide price. When the property was last rented out from 16/3/20 to 15/3/22 the income was £30,420 per annum.
Hallway
Leading to -
Room One
15ft 4 x 12ft 4
Communal Room (2)
12ft 10 x 10ft 4
Kitchen
11ft 11 x 9ft 2
Utillity
9ft 2 x 5ft 10
Room Three
13ft 0 x 8ft 4
Room Four
12ft 3 x 9ft 2
Room Five
12ft 11 x 10ft 5
Room Six
12ft 10 x 8ft 8
Room Seven
12ft 11 x 7ft 3
Room Eight
10ft 3 x 8ft 9
Room Nine
16ft 1 x 8ft 5
Room Ten
13ft 1 x 7ft 5
Bathroom
6ft 3 x 6ft 0
Tenure
Freehold
Auction Details
Date 31st March 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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