Carlyle Road, Edgbaston, B16

This property is for sale by Modern Method of Auction powered by iamsold LTD - Starting Bid £550,000+ Reservation Fee.

Introducing an exceptional investment opportunity, this strategically located 9-bedroom semi-detached house promises a lucrative return for the discerning investor. Situated in a sought-after locale, this property has been cleverly configured as a House of Multiple Occupation (HMO), offering an array of studio apartment accommodation tailored to meet the demands of the modern tenant landscape.

Stepping inside, the property emanates a welcoming ambience, with each of the nine generously proportioned bedrooms exuding a sense of comfort and privacy. An outstanding feature of this residence is the fact that every bedroom is meticulously appointed with its own ensuite bathroom, elevating the standard of living comfort for the tenants residing within. This provision of individual en-suite facilities significantly enhances the property's appeal and sets it apart as a highly coveted rental proposition.

Currently, this property boasts full occupancy, with every studio securely tenanted, ensuring a steady stream of rental income for the astute investor. Adding further value to this promising investment is the tasteful rear extension, skilfully crafted to accommodate an additional two bedrooms, expanding the accommodation options and increasing the revenue potential of this property.

Complementing the residence's impressive capacity is the inclusion of a cellar, providing valuable additional storage space and enhancing the overall functionality of the estate. This thoughtful inclusion further underscores the property's suitability as an investor's dream, offering both convenience and practicality within the same package.

Auctioneer Comments

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 (for standard Grade 1 properties). 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 4.5% of the purchase price including VAT, subject to a minimum of £6,600.00 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.

Referral Arrangement

The Partner Agent and Auctioneer may recommend the services of third parties to you. Whilst these services are recommended as it is believed they will be of benefit; you are under no obligation to use any of these services and you should always consider your options before services are accepted. Where services are accepted the Auctioneer or Partner Agent may receive payment for the recommendation and you will be informed of any referral arrangement and payment prior to any services being taken by you.

Throughout, the property boasts a seamless fusion of modern conveniences and traditional charm, creating an environment that is as appealing aesthetically as it is functional. From the well-appointed bedrooms to the efficiently designed ensuite bathrooms, every aspect of the house has been carefully considered to maximise the comfort and satisfaction of its occupants.

In conclusion, this 9- studio/ HMO investment property represents a rare opportunity to acquire a fully tenanted and generously proportioned residence that promises a high return on investment, with the tenants responsible for all bills.

With its strategic location, impeccable presentation, and potential for further expansion, this property is ideally suited for the discerning investor seeking a lucrative and low-maintenance addition to their property portfolio.

Parking - On street