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29 Lea Hill Road, Birmingham B20 2AS

Lot no: 1 Sold at Auction for £122,000
 

Guide Price £15,000 - £20,000 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 21st November 2024

9.00am
Key Features
  • Guide price: £15,000 - £20,000
  • Traditional three bedroom semi-detached property
  • Complete refurbishment required
  • Potential to extend, subject to planning consents.
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Sold at Auction for £122,000

Semi-detached house

Property Description:

A traditional three bedroom brick build semi-detached property sat along the leafy Lea Hill Road, Handsworth Wood, surmounted by a pitched roof. The property requires a complete refurbishment and provides opportunity to add value potentially extending to the rear (subject to planning).

The property is located a few miles from Birmingham City Centre in the affluent Handsworth Wood, close to Handsworth Golf Club.

Ground Floor:
Entrance Hall
Front Reception Room

With fire place.

Rear Reception Room

With fire place.

Fitted Kitchen

With access to garage and garden.

Under stairs storage
First Floor:
Two Double Bedrooms
One Single Bedroom
Bathroom
Storage
Outside:

Driveway, fore-garden, large rear garden with scope to extend subject to planning.

Tenure

There are 7 years remaining on the lease term of 99 years from 25.3.1932. We are informed a unilateral notice has been registered following service of a Leasehold Reform Act notice on the property, so the buyer may be in a position to acquire the freehold under the Leasehold Reform Act 1967 following completion. Prospective buyers are advised to make all necessary independent enquiries prior to placing their bid as this will be binding.

Flood Risk

Rivers and Seas No Risk. Surface Water Low.

Mobile Phone Coverage

O2, EE, Three and Vodafone are available in this location.

Broadband (estimated speeds)

Standard 15 mbps.

Satellite and Cable TV Availability

BT, Sky and Virgin are available.

Draft Sales Details

These sales details are awaiting vendor approval.

Tenure:

Leasehold. Vacant possession upon completion.


Utilities Information
  • Heating Supply: Gas, Double Glazing
  • 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 (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.