Flats 1-4 Jolyon Court, Meadow Walk, Cradley Heath, B64 7EJ

Detached residential investment property in Cradley Heath

Guide price*


Plus fees

Sold for £265,000

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Lot 60 Residential Investment
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Auction details:

Thursday 9th May 2019 @ 10:30AM

A Detached Residential Investment Property comprising Four Apartments Current Gross Income: £18,540 pa

Property Description

A detached building which has been converted into four self-contained apartments, standing in communal grounds with communal parking. Please note that the property could have development potential subject to obtaining the appropriate planning consents.


Ground Floor: Communal Entrance.
Apartment 2:- Hallway, Reception Room, Kitchen, Two Bedrooms, Shower Room/WC.
Apartment 4:- Porch, Reception Room, Kitchen, Two Bedrooms, Bathroom/WC with Shower.
First Floor:
Apartment 1:- Landing, Reception Room, Kitchen, Bedroom, Bathroom/WC with Shower.
Apartment 3:- Landing, Reception Room, Kitchen, Two Bedroom, Bathroom/WC with Shower.
Outside: Flats 2 and 4 have their own rear gardens and the property stands in communal grounds with driveway parking.

Each property benefits from having a gas fired central heating system and the majority of the windows are UPVC double glazed units.

Energy Performance Rating

See Legal Pack.


Freehold – Subject to the existing tenancies.


External viewings only.


Room Term Rental
Flat 1 6 months from 13th July 2012 £370 pcm - £4,440 pa
Flat 2 6 months from 1st February 2005 £400 pcm - £4,800 pa
Flat 3 6 months from 26th May 2017 £375 pcm - £4,500 pa
Flat 4 6 months from 1st September 2001 £400 pcm - £4,800 pa
Total Gross Income: £1,545 per calendar month
£18,540 per annum

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.


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.


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.


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.

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