Price tags from £1k to more than half a million for Birmingham auction properties
Price tags from £1k for auction properties and these two Birmingham properties are only seven miles from each other, but Bond Wolfe Auctions has priced them at £1,000 and £550,000 respectively at its Villa Park auction on 23 October.
The competitive guide price of just £1,000+ is for a two-bedroomed flat on the second floor at Oldford House, 62 Nash Square in Perry Barr which is currently bringing in an annual rent of £5,100.
At the other end of the market is a detached, four-bedroomed house that could become a major development at 11 Holders Lane in Moseley, with a guide price of £550,000+.
This accommodation needs repair but lies on a large secluded plot and benefits from planning permission for demolition and the building of a new, three-storey premises for nine apartments, including a third-floor penthouse.
Gurpreet Bassi, chief executive of Bond Wolfe Auctions, said: “This freehold property in Moseley offers a rare opportunity for an exclusive development in one of Birmingham’s most sought after residential areas.
“This lot has already excited the market with its attractive location, commanding views over neighbouring allotments and Cannon Hill Park, with the city’s skyline on the horizon beyond.
“It’s also typical of our auctions that we can offer premium lots alongside more competitively priced properties that are only seven miles away from each other.
“The flat in Perry Bar would make a sound investment for the right buyer, with what is a substantial rental yield based on the current £1,000+ guide price.”
Other Birmingham properties showing the range of guide prices include a two-bedroomed, mid-terraced house needing modernisation at 7 Fairfield Road in Kings Heath with a £20,000+ guide price, and a three-bedroomed, semi-detached at 25 The Lindens in Harborne, with a guide price of £150,000+.
Meanwhile, a two-bedroomed house that need some care and attention at 3 Woodmeadow Road in Kings Norton has been given a competitive guide price* of just £10,000+.
Mr Bassi added: “There really is something for everyone at our auctions, from young couples looking for their first home to shrewd property developers looking to increase their portfolios.”
The above lots are just five of 132 going under the hammer in Bond Wolfe Auctions’ sale at 10.30am on Wednesday 23 October at the regular venue of the Holte Suite at Aston Villa FC.
Bond Wolfe Auctions has been instructed to sell 621 lots since launching in January this year, including properties across the East and West Midlands and as far afield as Wales, Scotland, plus north east and north west England.
The first four auctions have raised £55 million in sales with an average success rate of 85.5% against the national average of 72% – comfortably making it the West Midlands leading auctioneer.
Anyone interested in the auction or with properties for sale in future auctions should contact [email protected] or call 0121 312 1212