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41 St. Marks Crescent, Birmingham B1 2PY

Lot no: 37 Auction Event
 

Guide Price £100,000 - £120,000 plus fees

UnconditionalOn the fall of the hammer, the successful bidder will be legally bound to purchase the property. The successful bidder must immediately exchange contracts and pay the applicable deposit and Buyer’s Fee stated on the property description, both of which are non-refundable. The deposit contributes to the purchase price. The Buyer’s Fee does not contribute to the purchase price. Completion must take place usually within 30 days, unless the Special Conditions of Sale within the legal pack state otherwise.

Thursday 26th September 2024

9.00am
Key Features
  • Guide Price Range: £100,000 - £120,000
  • Three Storey Property
  • Four Bedrooms, Lounge, Two bathrooms plus WC (Inc Annexe)
  • Popular Residential Location close to Birmingham City Centre
  • Excellent BTL potential with yearly income in the region of £18k
  • Investment Opportunity
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End of terrace house

Property Description:

A vacant freehold three storey property with converted annexe offering excellent investment potential with four bedrooms and potential rental income in excess of £18k per year.

This end terrace property offers huge potential to add value and generate a handsome return. The property offers a variety of investment opportunities as it could be rented out as a single dwelling, leased out for supportive living or serviced accommodation. Viewings are highly recommended to evaluate the options this dwelling offers.

This versatile home has a ground floor annexe with its own shower room, a kitchen/living/dining room, the upper floors consist or 3/4 further bedrooms and a family bathroom.

Properties are rarely available within this envious residential location, it has easy access to the city centre as well as an array of local shops and amenities.

Accommodation
Ground Floor:
Hallway
W/C
Kitchen/Diner: 15ft 0 x 12ft 0 (4.57m x 3.66m)
First Floor:
F/F Landing
Storage Cupboard
Lounge: 12ft 5 x 12ft 0 (3.78m x 3.66m)
Bedroom Three: 12ft 0 x 5ft 9 (3.66m x 1.75m)
Second Floor:
S/F Landing
Bathroom: 6ft 9 x 4ft 8 (2.06m x 1.42m)
Bedroom One: 12ft 0 x 9ft 11 (3.66m x 3.02m)
Bedroom Two: 12ft 0 x 5ft 9 (3.66m x 1.75m)
Outside:
Annexe: 15ft 3 x 7ft 7 (4.65m x 2.31m)
En-suite
Driveway
Rear Garden
Additional Information:

Construction Material: Standard brick. Heating: Mains gas. Coverage: Broadband - Standard, Ultrafast and Superfast is available in this location. Mobile signal - O2, Vodafone and Three show as high in this area, and EE as medium. Satellite and Cable - BT, Sky and Virgin show as available in this area.

Note

Prospective buyers are advised to make all necessary independent enquiries prior to placing their bid as this will be binding.

Draft Sales Details

These sales details are awaiting vendor approval.

Tenure:

Freehold. Vacant possession upon completion.


Utilities Information
  • Heating Supply: Gas
  • Electric Supply: Mains Supply
  • Water Supply: Mains Supply
  • Sewerage Arrangements: Mains Supply
Parking Arrangements

Driveway



Auction Details

The sale of this property will take place on the stated date by way of Auction Event and is being sold under an Unconditional sale type.

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 auctioneers fees apply:

• 5% deposit (subject to a minimum of £5,000)

• Buyers Fee of 4.8% of the purchase price for properties sold for up to £250,000, or 3.6% of the purchase price for properties sold for over £250,000 (in all cases, subject to a minimum of £6,000 inc. VAT). For worked examples please refer to the Auction Conduct Guide.

The Buyers 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 Price

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.