Georgian terrace bound to be a’Peeling at auction
An award-winning portfolio of nine Grade II-listed properties given to Sir Robert Peel in dowry on his marriage to the daughter of Sir William Dugdale will go under the hammer at Bond Wolfe Auctions’ next sale on Wednesday 31 March.
The nine houses, built in 1795, are believed to be the oldest terrace of Georgian properties in Birmingham.
Owner Colin Sims is selling them individually but will consider offers for the whole parade at 30-46 Hamstead Road, Hockley, Birmingham, when the freehold properties are listed for auction.
Historic England assisted in the upkeep of the properties by refurbishing stonework in 2011, and in 2015 and 2016 Mr Sims was twice awarded “The Historic England Angel Awards” in recognition of his time, effort and determination in maintaining and restoring the houses.
He said: “The properties always passed down through the Dugdale family and one such descendant of Sir William Dugdale was David Cameron’s uncle, also Sir William Dugdale.
“I acquired them in 1979 and have enjoyed their rich history for over 40 years.”
James Mattin, chief executive of Bond Wolfe Commercial, who is bringing the properties to auction, said: “This is an historic terrace of properties which is likely to appeal to portfolio income investors.
“Seven are currently vacant, with two tenanted. No. 40, for example, is fully let and producing a gross income of £49,200 per annum. All have House in Multiple Occupation licences.
“They are ideal investment properties in a sought-after area with strong demand for student lets and have huge rental potential.”
He added that while they are full of the typical character and charm associated with Georgian properties, they offer investors exceptional rental income potential.
“Their location , coupled with the flexibility of the accommodation on offer will appeal to investors and portfolio landlords. We expect to see interest from a wide variety of buyers and look forward to seeing them being cared for in the way our client has done so,” he said.
The auction on Wednesday 31 March will be livestreamed via Bond Wolfe Auctions’ website with remote bidding by proxy, telephone or internet only – www.bondwolfeauctions.com