3 bedroom Terraced House in Smethwick

23 Thompson Road, Smethwick B67 6HY
  • Lot No: 11
  • Property Type: Terraced House
  • Contract Type: Unconditional with Fixed Fee

Guide Price* £128,000+ plus fees

Result Sold After Auction

Property Description

DRAFT DETAILS A three bedroomed mid terrace property that would benefit from redecoration, located to the south of Smethwick town centre and within close proximity of Bearwood. Thought suitable as a Buy-to-Let investment opportunity subject to any restrictions contained within the lease with an anticipated rental income of £950-£1000 per calendar month, it could provide a rental yield of approximately 9% against the guide price. Prospective buyers are advised to make all necessary independent enquiries prior to placing their bid as this will be binding.

Lounge

14ft3 x 13ft4


Kitchen

13ft2 x 10ft


Bedroom One

12ft x 9ft1


Bedroom Two

11ft3 x 9ft11


Bedroom Three

8ft9 x 8ft


Shower Room

6ft10 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 26th May 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

23 Thompson Road, Smethwick B67 6HY