Barron Road, B31
- Quote Code: DC0118
- Sale By Online Auction
- 45 Year Lease
- No Chain
- Garage En-bloc
- Close To Northfield Station
- Quiet Cul-De-Sac Location
Quote Code: DC0118
FOR SALE By Modern Method Of AUCTION.
Cash Buyers recommended - This fabulous two bedroom, ground floor maisonette is perfectly located for Northfield Train Station, Northfield High Street, Schools and amenities. Positioned in a quiet cul-de-sac, there's on-road parking and also a garage en-bloc. Offering no chain and ready to move into, albeit some minor decorative works to do, this maisonette would make a superb First Time Buy or Buy To Let Investment.
Comprising of: entrance hall and hallway, spacious lounge diner, separate kitchen, two excellent bedrooms and a modernised bathroom suite. The property benefits from its own garden & communal garden. Furthermore, there is a garage en-bloc.
With an estimated rental income of circa £650pcm - £695pcm, makes for a very attractive Buy To Let Investment.
Estimated value of the property with a full Lease circa £110,000 - £120,000 (based on a Lease length of 125 years)
We have been informed of but yet to obtain documented evidence of the following:
Lease: 45 years remaining (sellers are currently carrying out surveys to ascertain the cost to extend the Lease)
Ground Rent: circa £25 per annum.
Garage Rent: £24 per annum.
This property is for sale by the Modern Method of Auction. Should you view, offer or bid on the property, your information will be shared with the Auctioneer, iamsold Limited This method of auction requires both parties to complete the transaction within 56 days of the draft contract for sale being received by the buyers solicitor. This additional time allows buyers to proceed with mortgage finance (subject to lending criteria, affordability and survey). The buyer is required to sign a reservation agreement and make payment of a non-refundable Reservation Fee. This being 4.2% of the purchase price including VAT, subject to a minimum of £6,000.00 including VAT. The Reservation Fee is paid in addition to purchase price and will be considered as part of the chargeable consideration for the property in the calculation for stamp duty liability. Buyers will be required to go through an identification verification process with iamsold and provide proof of how the purchase would be funded. This property has a Buyer Information Pack which is a collection of documents in relation to the property. The documents may not tell you everything you need to know about the property, so you are required to complete your own due diligence before bidding. A sample copy of the Reservation Agreement and terms and conditions are also contained within this pack. The buyer will also make payment of £300 including VAT towards the preparation cost of the pack, where it has been provided by iamsold. The property is subject to an undisclosed Reserve Price with both the Reserve Price and Starting Bid being subject to change
Barron Road, B31
NEAREST STATIONSDistances are straight line measurements from the centre of the postcode
- Northfield Station0.4 miles
- Kings Norton Station1.0 miles
- Longbridge Station1.4 miles
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Disclaimer - Property reference S44596. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by eXp UK, West Midlands. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.
Auction Fees: The purchase of this property may include associated fees not listed here, as it is to be sold via auction. To find out more about the fees associated with this property please call eXp UK, West Midlands on 03304 609968.
*Guide Price: An indication of a seller's minimum expectation at auction and given as a Guide Price or a range of Guide Prices. This is not necessarily the figure a property will sell for and is subject to change prior to the auction.
Reserve Price: Each auction property will be subject to a Reserve Price below which the property cannot be sold at auction. Normally the Reserve Price will be set within the range of Guide Prices or no more than 10% above a single Guide Price.
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