6 St. Pauls Road, Balsall Heath, Birmingham, B12 8NG

Substantial double fronted end terraced house converted into 3 self-contained flats in Birmingham

Guide price*

£100,000+

Plus fees

Sold for £294,000

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Finance available on this property

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Lot 10 Land/Development Residential Investment Residential Vacant
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Auction details:

Wednesday 20th October 2021 @ 09:00AM

Livestreamed Auction

A Substantial Freehold Double Fronted End Terraced Property, which has been converted into Three Self Contained Flats. The property could be converted back to a single dwelling or redeveloped, subject to obtaining the necessary planning consents Potential Gross Income: £19,800 pa.

Property Description

A double fronted end terraced property, standing back from the road behind a foregarden with off-road parking to the side. The property has been converted into three self-contained flats.

Accommodation

Ground Floor: Communal Entrance.
Flat 1 (Duplex): Living Room, Kitchen.
Flat 2: Living Room, Kitchen, Bedroom, Bathroom/WC.
First Floor: Flat 1 (continued): Landing, Bedroom with Store, Bathroom/WC with Shower. Communal Landing-
Flat 3: Hall, Store, Living Room, Kitchen, Bedroom, Bathroom/WC.
Outside: Communal Gardens and Off-Road Parking to the side.
The property benefits from having a gas fired central heating system and UPVC double glazing. Each flat has individual gas and electric meters.

Energy Performance Rating

Flat 1- E
Flat 2- D
Flat 3- D

Tenure

Freehold – Subject to the existing tenancy.

Auctioneers Note

Please note no offers will be considered prior to the Auction Sale.

Remote Bidding Auction

This property is being offered via a remote bidding auction with bidding by proxy, telephone or internet only. You will need to pre-register for remote bidding, provide your identification and debit card details no later than 24 hours prior to the auction, please visit our website for further details.

Viewings

See viewing schedule - We require that masks continue to be worn by all viewers and ask that a sensible distance is kept from other viewing parties both inside and outside the property. Please note the appoitments listed below are block viewings and you do not need to book prior to attending.
Wednesday 6th Oct 2021 10:00-10:30
Friday 8th Oct 2021 16:00-16:30
Monday 11th Oct 2021 10:00-10:30
Wednesday 13th Oct 2021 10:00-10:30
Friday 15th Oct 2021 16:00-16:30

Tenancy

Room Term Rental
Flat 1: Vacant - we are advised that this flat could be let at a rental figure of £550 per calendar month - £6,600 per annum.
Flat 2: Currently let at a rental figure of £425 per calendar month (There has been no rent increase since 2017). We are advised that this flat could be let at a rental of £550 per calendar month - £6,600 per annum.
Flat 3: Vacant - we are advised that this flat could be let at a rental figure of £550 per calendar month - £6,600 per annum.
DISCLAIMER

Bond Wolfe or their Agents for the seller of these Lots give notification that any particulars contained within the catalogue/website are prepared to the best of their knowledge and all potential buyers should make their own enquiries and investigations to the accuracy of the information contained in these particulars. Any amendments to the particulars that Bond Wolfe are aware of will be published on the addendum, which is available within the lot information.

REMOTE BIDDING AUCTION

Please note that the Auction will be livestreamed via our website with Remote Bidding by Proxy, Telephone or Internet Only.  You must pre-register to bid for each auction no later than 24 hours prior to the auction.  Please click here for further details.

*DEFINITION OF GUIDE & RESERVE PRICE

All properties are sold subject to a reserve price, which is the minimum price the seller is willing to accept and is confidential between the seller and Auctioneer. The guide price is only an indication as to where the reserve is currently set and not necessarily the Auctioneers expectation of what it will sell for. If the guide price is a bracket figure, then the reserve price cannot be higher than the top end of the guide price, if the guide price is a fixed figure, then the reserve cannot be more than 10% above the guide price. The guide price and reserve price can be subject to change at any time up to and including the auction day and, properties can often sell for substantially more than the quoted guide price.

COSTS AT AUCTION

When buying at auction you will unconditionally exchange contracts on the fall of the auctioneer’s gavel, please therefore ensure you have read the legal pack for each property prior to bidding.  They are all individual and include the terms and conditions of your purchase as well as any costs in addition to the purchase price.

The sale of each lot is subject to an administration fee of £1,680 inc VAT (£1,400.00 + VAT) (unless otherwise stated in the important information), payable on the fall of the gavel/at the end of the online auction.  Please note that the administration fee for
the Local Authority lots may differ and all interested parties should enquire directly with the Auctioneers as to the fee applicable.

Any additional costs excluding the administration fee will be listed in the Special Conditions within the legal pack and these costs will be payable on completion. The legal pack is available to download free of charge under the ‘lot information’.  Any stamp duty and/or government taxes are not included within the Special Conditions within the legal pack and all potential buyers must make their own investigations.

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