3 & 5 Anderton Road, Sparkbrook, Birmingham, B11 1LZ

A substantial pair of mid terraced houses in Sparkbrook which have been converted in to 6 self contained flats

Guide price*

£150,000+

Plus fees

Sold for £590,000

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Finance available on this property

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Lot 12 Residential Investment
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Auction details:

Wednesday 8th December 2021 @ 09:00AM

Livestreamed Auction

A Pair of Substantial Freehold Mid Terraced Properties, which have been converted into Six Self-Contained Flats. The properties could be converted back to a pair of single dwellings Current Gross Income: £33,780 pa.

Property Description

A pair of mid terraced properties, standing back from the road behind a foregarden. The properties have been converted into six self contained flats.

Accommodation

Ground Floor: Communal Entrance and Hall.
Flat 1 (No. 3): Reception Room, Kitchen, Bedroom, Bathroom/WC.
Flat 1 (No. 5): Hall, Reception Room, Dining Kitchen, Two Bedrooms, Bathroom/WC.
First Floor: Communal Landing
Flat 2 (No. 3): Hall, Store, Reception Room, Kitchen, Two Bedrooms, Bathroom/WC.
Flat 2 (No. 5): Hall, Store, Reception Room, Kitchen, Two Bedrooms, Bathroom/WC.
Second Floor: Communal Landing
Flat 3 (No. 3): Hall, Reception Room, Kitchen, Bedroom, Bathroom/WC.
Flat 3 (No. 5): Hall, Reception Room, Kitchen, Bedroom, Bathroom/WC.
Outside: Gardens.
The property benefits from having a gas fired central heating system, fire doors, emergency lighting, mains smoke alarm, intercom systems and UPVC double glazing.

Energy Performance Rating

See legal pack.

Tenure

Freehold – Subject to the existing tenancies.

Auctioneer's Note

At the time of going to print, the Auctioneers were unable to inspect Flat 1 (No. 3) internally and therefore the accommodation details should not be relied upon.
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

External viewings only.

Tenancy

Room Term Rental
No. 3
Flat 1: Let at a rental figure of £470 per calendar month - £5,640 per annum.
Flat 2: Let at a rental figure of £475 per calendar month - £5,700 per annum.
Flat 3: Let at a rental figure of £425 per calendar month - £5,100 per annum.
Total: £16,440 per annum
No. 5
Flat 1: Let at a rental figure of £470 per calendar month - £5,640 per annum.
Flat 2: Let at a rental figure of £475 per calendar month - £5,700 per annum.
Flat 3: Let at a rental figure of £500 per calendar month - £6,000 per annum.
Total: £17,340 per annum
Total Gross Income: £33,780 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 £1,440 inc VAT (£1,200.00 + 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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