338 Rotton Park Road, Edgbaston, Birmingham, B16 0JU

5 bedroom mid terraced HMO property in Edgbaston

Guide price*

£200,000+

Plus fees

Withdrawn prior

Lot 101 Residential Investment
Save property

Auction details:

Wednesday 13th March 2019 @ 10:30AM

A Freehold Mid Terraced HMO Property Current Gross Income: £26,040 pa.

Property Description

A mid terraced property, currently utilised as a five bedroomed HMO property, standing back from the road behind a foregarden.

Accommodation

Ground Floor: Entrance Hall, Two Letting Rooms, Shared Kitchen, Bathroom/WC.
First Floor: Landing, Three Letting Rooms, Bathroom/WC.
Outside: Front & Rear Gardens.
The property has the benefit of having mostly UPVC double glazed windows and gas fired central heating.

Energy Performance Rating

D.

Tenure

Freehold – Subject to the existing tenancies.

Auctioneers Note

All prospective purchasers should note that the property has a HMO Licence, a copy of which will be available within the legal pack.
Please note the Auctioneers have not had the opportunity to inspect the property internally and therefore the accommodation details should not be relied upon.

Viewings

Strictly by appointment with the Auctioneers.

Tenancy

Room Term Rental
1 Let on an Assured Shorthold Tenancy for a term of 4 Months from 13th August 2018. £400 pcm.
2 Let on an Assured Shorthold Tenancy for a term of 6 months from 27th December 2018. £550 pcm.
3 Let on an Assured Shorthold Tenancy for a term of 6 months from 23rd December 2018. £395 pcm.
4 Let on an Assured Shorthold Tenancy for a term of 6 months from 1st November 2018. £425 pcm.
5 Let on an Assured Shorthold Tenancy for a term of 6 months from 1st January 2019. £400 pcm.
Total Current Income £2,170 pcm - £26,040 pa.
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 include information that has been provided to them. Plans, photographs and room measurements (provided via a 3rd party) are provided as guidance only and should not be relied upon. All potential buyers should make their own enquiries and investigations to the accuracy of the information contained in these particulars or to obtain further information that is not provided which they deem to be important prior to bidding. Any amendments to the particulars that Bond Wolfe are aware of will be published on the addendum, which is available within the lot information.

LIVE-STREAMED AUCTION

Please note that the Auction will be livestreamed via our website.  You can take part remotely via Proxy, Telephone or Online, if you wish to bid you must pre-register via our website no later than 3pm the day 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 £1,920 inc VAT (£1,600.00 + 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 has been prepared by the seller’s solicitor(s), who are responsible for its contents and disclosing all know information. It is available to download free of charge under the ‘lot information’, and you take responsibility for reading and understanding the legal pack and are bound by all the contents. 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.

Register to bid for our next auction