Birmingham homes needing extensive works feature in next Bond Wolfe auction
Three houses across Birmingham that are in various states of disrepair and need extensive works are appearing in Bond Wolfe’s next livestreamed auction on Thursday 30 March.
The properties are being sold on behalf of Birmingham City Council with long leaseholds on peppercorn rents, but all come with clauses that they must be quickly restored and brought back into use as single dwellings.
The first is a three-bedroomed, mid-terraced house at 48 Birdbrook Road in Oscott with a guide price of £50,000+.
This property has an entrance hall and living room, but further rooms downstairs are currently inaccessible as the rear wall needs rebuilding.
There is a landing, three bedrooms and a bathroom with no fittings upstairs, plus front and rear gardens outside.
Ron Darlington, consultant director at Bond Wolfe, said: “This property has remained vacant for many years and is now in need of extensive refurbishment and rebuild.
“It is therefore imperative that prospective purchasers physically inspect the property prior to being able to bid.
“This property will have a new 125-year lease at a peppercorn ground rent, but will be sold with a requirement to fully refurbish the property and bring it back into beneficial use as a single dwelling within 24 months of purchase.”
Another three-bedroomed, mid-terraced property at 67 Brookvale Park Road in Stockford Green has a guide price of £100,000+.
On the ground floor is an entrance porch, hall, living room, kitchen, bathroom and veranda, with a landing and three bedrooms upstairs, plus front and back gardens outside.
Mr Darlington said: “This property is in need of complete modernisation throughout and will have a new 125-year lease at a peppercorn ground rent.
“It will be sold with a requirement to fully refurbish the property and bring it back into beneficial use as a single dwelling house within 12 months of purchase.”
The third opportunity is a three-bedroomed, end-terraced house at 76 Repton Road in Bordesley Green, with a guide price of £145,000+.
This property is set back from the road behind a front garden with a side garage, off-road parking and scope to extend, subject to planning permission.
On the ground floor is a porch, hall, reception room, understairs cupboard, kitchen and bathroom, with a landing and three bedrooms upstairs and gardens outside.
Mr Darlington said: “There is gas central heating and double glazing at the front of the property, but it needs modernisation and improvement throughout.
“Once again, it will have a new 125-year lease at a peppercorn ground rent, and will be sold with a requirement to bring it back into beneficial use a single dwelling within 12 months of purchase.”
The Birmingham City Council properties will be among scores of properties appearing in Bond Wolfe’s next auction which is due to start at 9am on Thursday 30 March.
The auction will be livestreamed via Bond Wolfe’s website with remote bidding by proxy, telephone or internet.
For more details and to register to bid visit www.bondwolfe.com/property-auctions-west-midlands/ or email [email protected], or call 0121 312 1212 or 01902 928 510.