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Six flats bringing in nearly £34k a year in auction with starting price of £150k

A substantial pair of neighbouring mid-terraced houses in Birmingham that have been converted into six self-contained flats are coming up at Bond Wolfe’s auction on Wednesday 8 December.

The attractive period properties at numbers 3 and 5 Anderton Road, a short distance away from the Stratford Road, have a joint guide price* of £150,000+.

The flats are currently bringing in rents of £33,780 per year, which would represent a healthy yield of 22.5 per cent based on the guide price.

Gurpreet Bassi, chief executive of Bond Wolfe, said: “These properties would make a great purchase for a landlord seeking to expand their portfolio, with a very manageable situation of six sizeable flats in the same location.

“But if the new owner preferred, they could easily be converted back into a pair of large, single family homes, although this sale is subject to existing tenancies.

“The three-storey dwellings stand back from the road behind a front garden, with a larger rear garden and plenty of well laid-out space inside.

“On the ground floor is a communal entrance and hall, with Flat 1 in number 3 having a reception room, kitchen, bedroom and bathroom, and Flat 1 in number 5 having its own hall, reception room, dining kitchen, two bedrooms and bathroom.

“A communal landing on the first floor leads to Flat 2 in number 3 and Flat 2 in number 5, each of which have their own hall, store cupboard, reception room, kitchen, two bedrooms and bathroom.

“There’s another communal landing on the second floor leading to Flat 3 at number 3 and Flat 3 at number 5, each with their own hall, reception room, kitchen, bedroom and bathroom.

“The property benefits from gas-fired central heating throughout, fire doors, emergency lighting, a mains smoke alarm, intercom systems and double-glazed windows.”

Mr Bassi added: “These properties lie in vibrant area of Birmingham, not far away from the renowned Balti Triangle and less than half a mile away from Small Heath train station.”

The properties form just one of scores of lots that will appear in Bond Wolfe’s next auction which starts at 9am on Wednesday 8 December. The auction will be livestreamed via Bond Wolfe’s website with remote bidding by proxy, telephone or internet only.

For more details and to register to bid visit www.bondwolfe.com/property-auctions-west-midlands/, or email auctions@bondwolfe.com, or call 0121 312 1212 or 01902 928 510.

Anyone with properties to sell in a future auction can arrange a free appraisal by calling the auction team or visiting www.bondwolfe.com/free-property-appraisal/.

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