0 bed Detached house (for sale) The Former Abu Bakr School, Kent Street, Walsall WS2

£1,275,000
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Bond Wolfe Auctions
1st Floor, 75-77 Colmore Row, Birmingham
0121 721 8417
First Published

22nd Nov 2022

Last Published

25th Nov 2022

 

Features

  • Type: Detached house
  • Bedrooms: 0
  • Listing status: sale
  • Country: England

Description

For Sale By Public Auction on 14 December starting at 09:00 am - Live-streamed auction, you must pre-register to bid via our website with remote bidding online, by telephone or proxy

A Vacant Freehold Former School, occupying a site area of approximately 1.33 acres (0.54 hectares), standing within an established residential location, offering development potential for a wide variety of uses including residential, subject to the appropriate planning permission

The property comprises a former school premises believed to have originally date from the early 1900s and occupies a level and regular shaped site extending to approximately 1.33 acres (0.54 hectares). The main building is single storey, and of traditional brick construction with a range of pitched tiled roofs and part flat roof and is currently configured to provide, a main entrance and reception area, hallway, office, WCs, main assembly hall, eight classrooms, various staff rooms, first aid room, stationery stores, dining room, former tuck shop and ancillary stores. The accommodation is in need of repair and refurbishment throughout.
There is a separate single storey block comprised of temporary accommodation comprising a main entrance, school office and eight further classrooms. Externally there is a generous surfaced playground and car parking areas.
The site extends to approximately 1.33 acres (0.54 hectares) and is considered suitable for development of a wide variety of alternative uses including residential, subject to obtaining the appropriate planning permission.

Location
The property lies within an established predominately residential location with frontages to Kent Street and Derby Street. A short distance from the main B4210 Bloxwich Road.
The property lies approximately 2 miles north of Walsall Town Centre and has good access to the Midland motorway network via Junction 10 of the M6 motorway approximately 2 miles distant.

Energy Performance Rating
E.

Tenure
Freehold Vacant possession upon completion.

Value Added Tax
For clarification in respect of whether or not VAT will be chargeable on the purchase price please refer to the Legal Pack.

Auctioneer's Note
Please note that the completion period for this property is 8 weeks (56 days).

Please note offers may be considered prior to the Auction Sale.

Viewing Times
Strictly by appointment with the Auctioneers.

Live-streamed Auction
Please note that the Auction will be livestreamed via our website. You can take part remotely via Proxy, Telephone or Online, if you wish to bid you must pre-register via our website no later than 3pm the day prior to the auction.

Disclaimer
Bond Wolfe or their Agents for the seller of these Lots give notification that any particulars contained within the catalogue/website are prepared to the best of their knowledge and all potential buyers should make their own enquiries and investigations to the accuracy of the information contained in these particulars. Any amendments to the particulars that Bond Wolfe are aware of will be published on the addendum, which is available within the lot information or on the Bond Wolfe's website.

*Definition of Guide Price and Reserve
All properties are sold subject to a reserve price, which is the minimum price the seller is willing to accept and is confidential between the seller and Auctioneer. The guide price is only an indication as to where the reserve is currently set and not necessarily the Auctioneers expectation of what it will sell for. If the guide price is a bracket figure, then the reserve price cannot be higher than the top end of the guide price, if the guide price is a fixed figure, then the reserve cannot be more than 10% above the guide price. The guide price and reserve price can be subject to change at any time up to and including the auction day and, properties can often sell for substantially more than the quoted guide price.

Costs at Auction
When buying at auction you will unconditionally exchange contracts on the fall of the auctioneer's gavel, please therefore ensure you have read the legal pack for each property prior to bidding. They are all individual and include the terms and conditions of your purchase as well as any costs in addition to the purchase price.

The sale of each lot is subject to an administration fee of £1,680 inc VAT (£1,400.00 + VAT) (unless otherwise stated in the important information), payable on the fall of the gavel/at the end of the online auction.

Please note that the administration fee for the Local Authority lots may differ and all interested parties should enquire directly with the Auctioneers as to the fee applicable.

Any additional costs excluding the administration fee will be listed in the Special Conditions within the legal pack and these costs will be payable on completion. Any stamp duty and/or government taxes are not included within the Special Conditions within the legal pack and all potential buyers must make their own investigations. The legal packs and further information about buying at auction are available on the Bond Wolfe's website.

 

Local info for WS2

 

Property Value Data/Graphs for WS2

Property Type % Avg. current value Avg. # beds Avg. # bathrooms
Semi-detached house 40.7% £181,942 2.8 1.1
Flat 23.1% £98,905 2 1
Terraced house 19.8% £144,383 2.9 1.2
Detached house 5.5% £315,000 3.8 1
Detached bungalow 3.3% £174,667 3.3 1.3
End terrace house 2.2% £130,000 2 1
Studio 1.1% £65,000 1 1
Link-detached house 1.1% £240,000 3 1
Town house 1.1% £220,000 3 2
Maisonette 1.1% £85,000 2 1
Restaurant/cafe 1.1% £25,000 0 0

Area Information

Average Price Paid

£126,720

Sales

1966

Current Average Value

£158,261

Value Change

£31,541 24.9%

 

Current Asking Prices in WS2 Average: £158,261

Property Type 1 Bed 2 Beds 3 Beds 4 Beds 5 Beds
Houses £65,000 (1) £137,582 (17) £175,624 (43) £266,800 (5) £525,000 (1)
Flats £80,000 (1) £99,143 (21) - - -
All £72,500 (2) £116,339 (38) £175,624 (43) £266,800 (5) £525,000 (1)

Nearby Properties

8 bed Detached house () Green Lane, Wall, Lichfield WS14 £3,750,000
8 bed Detached house () Green Lane, Wall, Lichfield, Staffordshire WS14 £3,750,000
6 bed Detached house () Roman Lane, Little Aston, Sutton Coldfield, Staffordshire B74 £3,495,000
5 bed Detached house () Hillwood Road, Sutton Coldfield B75 £2,950,000
5 bed Detached house () Endwood Drive, Sutton Coldfield B74 £2,900,000
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