Description
A high yielding BTL investment opportunity.
This spacious 2 double bedroom second floor flat is ready to rent out and offers the potential to generate a handsome annual rental income in the region of £10k and offers an impressive 18% gross return against the guide price.
Located within a cul de sac and within a highly regarded and sought after residential location this property comes highly recommended.
It offers an entrance hall, spacious 17ft lounge/diner, separate kitchen, 2 double bedrooms and bathroom. There are communal gardens and parking.
The property is within easy walking distance to a wide range of shops and local amenities, there is also excellent transport links via bus and car to Birmingham city centre, Sutton Coldfield, Four Oaks and Streetly.
Viewings are available please contact us to book on to one of the viewing slots.
Costs
Auction Details
The sale of this property will take place on the stated date by way of Live streamed auction and is being sold under the Unconditional sale type.
Binding contracts will be exchanged at the point of sale.
All sales are subject to our Common Auction Conditions and Bidder Terms. Properties located in Scotland and Northern Ireland will be subject to applicable local laws.
Auction Deposit and Fees
The following deposits and non- refundable auctioneers fees apply:
• 5% deposit (subject to a minimum of £5,000)
• Buyer’s Fee of 4.8% of the purchase price (subject to a minimum of £6,000 inc. VAT)
There may be additional fees listed in the Special Conditions of Sale, which will be available to view within the Legal Pack. You must read the Legal Pack carefully before bidding.
Additional Information
For full details about our auction processes, please refer to the Bidder Terms which can be viewed on our home page.
This explains the types of auction and sale methods we offer, the bidding registration process, your payment obligations, and how to view the Legal Pack (and any applicable home report for residential Scottish properties).
Guide Price & Reserve Price
Each property sold is subject to a Reserve Price. The Reserve Price will be within + or - 10% of the Guide Price. The Guide Price is issued solely as a guide so that a buyer can consider whether or not to pursue their interest. A full definition can be found within the Buyers Terms.
