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100 Jerrys Lane, Birmingham B23 5PA

Lot no: 85 Withdrawn
 

Guide Price £169,500+ 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
  • Three Bedroom Semi detached House
  • Two Reception Rooms
  • Occupying a generous plot with potential for 2 storey extension (STP)
  • Refitted Kitchen, Bathroom and Boiler
  • Excellent Investment Potential
  • Extreme shortage of rental properties in this high demand area
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Withdrawn

Semi-detached house

Property Description:

A 3 bedroom semi detached property located in a very popular location with huge demand for rental properties in the area.

This property has the potential to add value with an option (STP) for a two storey extension due to its sizeable plot.

3 bedroom properties in the area are achieving £1,200pcm in rental income, a huge £14,400 a year. The area is extremely sought after and rental properties are scarce and in high demand.

The property briefly comprises of porch, entrance hall, 2 reception rooms and kitchen downstairs, with 3 bedrooms and a bathroom upstairs. There is off road parking to the front and a rear garden.

Viewings are available as is a video with commentary by clicking the virtual tour.

Enclosed Porch
Entrance Hall
Lounge - 12ft 1 x 10ft
Dining Room - 13ft x 9ft 10
Kitchen - 12ft 2 x 6ft 9
Landing
Bedroom One - 12ft 8 x 10ft
Bedroom Two - 13ft 1 x 9ft 10
Bedroom Three - 6ft 7 x 5ft 5
Bathroom - 6ft 11 x 5ft 5
Additional Information:

Construction Material: Standard brick. Heating: Boiler and radiators mains gas. Coverage: Broadband - Standard and Ultrafast is available in this location. Mobile signal - Vodafone and EE show as high in this area, and Three and O2 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.

Please Note

PLEASE NOTE: Under the Estate Agents Act 1979 we are required to declare any conflict of interest. The seller of this property is related to our joint agent in the sale, and the joint agent will receive part of any Buyers Fee as commission. If you have any queries regarding this, please contact us for further information.

Tenure:

See Legal Pack. Vacant possession upon completion.


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

Off Street, 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 (subject to a minimum of £6,000 inc. VAT). 

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.
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