This property is being sold by Tom Cooper - Your Local, Bespoke Estate Agent- Powered by eXp
Situated in a highly desirable location in Stechford, Birmingham, this development is just a few minutes away from Heartlands Hospital and within a short distance to Birmingham City centre.
Split over three floors, including basement apartments with a total of 13 apartments, with 10 two bedroom and 3 one bedroom apartments, achieving a current rental income of £9375pcm. All being fully occupied on assured shorthold tenancies.
The block also benefits from a large block paved car park area, with additional land being used for extra parking.
The apartments and communal areas have all been well maintained.
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.
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.
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.
|Property Type||%||Avg. current value||Avg. # beds||Avg. # bathrooms|
|End terrace house||6.2%||£192,857||2.7||0.9|
|Property Type||1 Bed||2 Beds||3 Beds||4 Beds||5 Beds|
|Houses||£99,500 (2)||£155,000 (16)||£219,261 (61)||£274,583 (12)||£300,714 (7)|
|Flats||£81,000 (4)||£88,000 (3)||£125,000 (3)||-||-|
|All||£87,167 (6)||£144,421 (19)||£214,842 (64)||£274,583 (12)||£300,714 (7)|