Row of terraced houses in Bilston in Auction
A hefty slice of a Bilston street – a row of terraced houses are coming under the hammer at Bond Wolfe Auction’s next sale on Wednesday 28 October, with a row of six terraced homes on the block.
The two bedroom houses are each listed separately as residential investment properties with a guide price* of £65,000+ apiece – a total for the six of £390,000+.
Each of the houses is currently rented at between £440 to £450 per calendar month on an assured shorthold tenancy, resulting in an income of £5,280 to £5,4000 per annum apiece.
James Rossiter, auction valuer at Bond Wolfe Auctions, said: “These properties have the same owner who has come to us to arrange their sale by auction. We often handle the sale of rental properties but rarely six homes in a row. In fact, I can’t recall a similar instance in recent times.
“These properties have been maintained to a good standard and, either individually or as a group, offer the prospect of a sound return on investment for a new owner.”
The terraced houses, at 4 to 14 Upper Ettingshall Road, in Bilston, each comprises a reception room, kitchen and bathroom/WC with shower on the ground floor with two bedrooms upstairs. Each stands flush to the pavement, has a garden to the rear and benefit from a gas fired central heating system. The majority of windows are UPVC double glazed units.
The Bilston properties are among a catalogue of 212 properties to be offered on Wednesday 28 October will be the fourth online auction held by Bond Wolfe Auctions since COVID-19 restrictions were introduced in March.
In 2020, the year to date, Bond Wolfe Auctions has sold 685 lots raising £72.5 million.
Bond Wolfe Auctions’ next online auction on Wednesday 28 October is livestreamed via the website at www.bondwolfe.com with remote bidding by proxy, telephone and internet only.
Anyone interested in the auctions or with properties for sale in future auctions should contact [email protected] or call 0121 312 1212.