0 bed Block of flats (for sale) Lode Lane, Solihull B91

£1,100,000
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eXp World UK
eXp World UK limited, 1 Northumberland Avenue, Trafalgar Square
01462 228653
First Published

25th Oct 2021

Last Published

23rd Nov 2021

 

Features

  • Type: Block of flats
  • Bedrooms: 0
  • Listing status: sale
  • Country: England

Description



Being sold via the modern method of auction, get in touch for more information today.

A unique opportunity to purchase a block of 6 apartments situated in central Solihull. Having being recently refurbished, all six apartments are finished to a very high standard and are all currently vacant. The current owner has purchased with the view of developing the building into these stunning apartments, ideal for first time buyers and investors.

As an investment, these apartments will expect to rent for a total of £5450 per calendar month to first time renters and professionals looking to be close to Solihull town centre and Solihull station.

With parking for all apartments, and communal lawned area.

Get in touch for more information, or to arrange a viewing.

Property ref TC0228

Subjective comments in these details imply the opinion of the agent at the time these details were created. The opinions of purchasers may differ.

We have not tested any of the electrical, central heating or sanitary ware appliances. Purchasers should make their own investigations as to the workings of the relevant items. All room measurements in these sales particulars are approximate and should not be assumed correct. Floor plans are for identification purposes only and not to scale

Fixtures and Fittings: All those items mentioned in these particulars by way of fixtures and fittings are deemed to be included in the sale price. Others, if any, are excluded. However, we would always advise that this is confirmed by the purchaser at the point of offer.

Auctioneer Comments

This property is for sale by the Modern Method of Auction. Should you view, offer or bid on the property, your information will be shared with the

Auctioneer, iamsold Limited

This method of auction requires both parties to complete the transaction within 56 days of the draft contract for sale being received by the buyers

solicitor. This additional time allows buyers to proceed with mortgage finance (subject to lending criteria, affordability and survey).

The buyer is required to sign a reservation agreement and make payment of a non-refundable Reservation Fee. This being 4.2% of the purchase price

including VAT, subject to a minimum of £6,000.00 including VAT. The Reservation Fee is paid in addition to purchase price and will be considered as

part of the chargeable consideration for the property in the calculation for stamp duty liability. Buyers will be required to go through an identification

verification process with iamsold and provide proof of how the purchase would be funded.

This property has a Buyer Information Pack which is a collection of documents in relation to the property. The documents may not tell you everything

you need to know about the property, so you are required to complete your own due diligence before bidding. A sample copy of the Reservation

Agreement and terms and conditions are also contained within this pack. The buyer will also make payment of £300 including VAT towards the

preparation cost of the pack, where it has been provided by iamsold.

The property is subject to an undisclosed Reserve Price with both the Reserve Price and Starting Bid being subject to change.

Referral Arrangements

The Partner Agent and Auctioneer may recommend the services of third parties to you. Whilst these services are recommended as it is believed they

will be of benefit; you are under no obligation to use any of these services and you should always consider your options before services are accepted.

Where services are accepted the Auctioneer or Partner Agent may receive payment for the recommendation and you will be informed of any referral

arrangement and payment prior to any services being taken by you.

 

Local info for B91

Floor plan

 

Property Value Data/Graphs for B91

Property Type % Avg. current value Avg. # beds Avg. # bathrooms
Flat 54.2% £225,093 1.8 1.3
Detached house 20.2% £776,691 4.2 2.2
Semi-detached house 8.8% £418,207 3.3 1.2
Detached bungalow 4.6% £486,667 3.1 1.7
Other 3.4% £427,983 2.2 1.2
End terrace house 2.3% £338,325 2.7 1.2
Town house 1.5% £308,875 3 2.3
Bungalow 1.1% £508,333 2 1.7
Studio 1.1% £173,317 0 1
Link-detached house 0.8% £487,500 3.5 1.5
Terraced house 0.8% £420,000 3.5 1.5
Cottage 0.8% £402,500 2.5 1
Maisonette 0.4% £155,000 2 1

Area Information

Average Price Paid

£452,098

Sales

3308

Current Average Value

£383,678

Value Change

£68,420 17.8%

 

Current Asking Prices in B91 Average: £383,678

Property Type 1 Bed 2 Beds 3 Beds 4 Beds 5 Beds
Houses £254,633 (3) £367,995 (11) £397,546 (39) £666,188 (46) £988,485 (10)
Flats £158,703 (38) £239,791 (98) £369,707 (7) - -
All £165,722 (41) £252,729 (109) £393,310 (46) £666,188 (46) £988,485 (10)

Nearby Properties

0 bed Land () Broad Street, Edgbaston, Birmingham B15 £18,000,000
0 bed () Melvina Road, Birmingham B7 £3,499,999
6 bed Detached house () Gentlemans Lane, Ullenhall, Henley-In-Arden, Warwickshire B95 £3,350,000
5 bed Barn conversion () Quarry Lane, Warwick, Planning Permission Passed October 2021 CV35 £3,100,000
6 bed () Lady Byron Lane, Knowle, Solihull B93 £3,000,000
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