No longer on the market
This property is no longer on the market
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Floorplan
Map
Area stats1 bedroom apartment
Sold STC
Apartment
1 bed
1 bath
Key information
Features and description
- Opposite Warley Woods
- Estimated Rent Achievable - £550pcm (10% yield)
- First floor
- Double glazed
- Warm air heating
- Long Lease - 988 years remaining
In partnership with SDL Auctions available on a buy it now for £70,000 For the auction T&Cs please visit the SDL Auctions website.
This first floor flat should offer everything you would need, whether you are taking your first steps onto the property ladder or you are looking to expand your property portfolio as an investor. The property consists of entrance hall, spacious lounge/diner, modern kitchen, double bedroom and bathroom. The property further benefits from having double glazing, warm air heating and un-allocated parking.
LEASEHOLD INFORMATION:
Lease Length - 999 years from 2010
Service & Ground rent - £1,020PA
Lease, ground rent, maintenance details and tenancy details have been provided by the seller and their accuracy cannot be guaranteed. Should you proceed with the purchase of this property, these details must be verified by your Solicitor.
AUCTION METHOD
The auction for this property will take place as an "Auction Event" behind closed doors with a live auctioneer and will be streamed online in real-time. The property will be sold alongside several other lots. Bids must be placed remotely- please see the below section on "Registration Process". The auction can be watched in real-time on the auction date, by following the link on the SDL Auctions home page.
The auction date applicable for the property is displayed on this page. It is not possible to provide a precise timeslot when this property will be auctioned on the day, because there are other lots being sold.
You are required to undertake identity checks before you can be authorised to bid. You must also provide your payment details. If you do not provide this information, your registration will not be processed. When you place your bid, you are deemed to have agreed to SDL Auctions' Buyers Terms (England & Wales).
AUCTION TYPE - Conditional with Reservation Fee
If you are the highest bidder when the auction for the property comes to an end, you will enter into a reservation agreement with the seller. You must then pay the applicable reservation fee. You will then have 40 business days within which to exchange contracts and complete the sale, unless the Special Conditions of Sale contained within the legal pack specify a different time limit. If you fail to do so, you may lose your reservation fee. During the 40-business day reservation period, the seller is not able to accept other offers.
AUCTION FEES
The following non-refundable fees apply:
Reservation Fee- payable immediately when the auction ends. This is calculated as a percentage of the actual purchase price of the property. Either:
(a) 4.8% (including VAT) of the purchase price, for properties up to and including £250,000
(b) 3.6% (including VAT) of the purchase price for properties sold for over £250,000
The Reservation Fee is subject always to a minimum of £6,000 (including VAT). The Reservation Fee does not contribute to the purchase price.
DEPOSIT
This property is listed under the Conditional with Reservation Fee sale method, therefore the deposit will be payable on exchange of contracts and executed via the solicitors. The amount to be paid will be listed in the Special Conditions of Sale.
PAYMENT METHOD
Applicable fees must be paid immediately after a winning bid has been placed. SDL do not accept payment by cash or cheque. Prior to the auction, we will email you to register your card details with our third-party provider, Stripe. Your card details will be stored on their secure online payment platform. Payment will only be taken from you in the event of a winning bid. In this case, you will be contacted by one of SDL Auctions' representatives to make payment. If they cannot make contact with you within 24 hours after the auction ends, they reserve the right to charge your card.
LEGAL PACK
Before bidding, you must view the legal pack for the property. This is the collection of legal documents that apply to the sale. The documents will include but are not limited to: Special Conditions of Sale, title documents from the Land Registry and Energy Performance Certificate.
The legal pack can be viewed on the SDL Auctions website.
The legal pack can change at any time up until the auction starts so you must check for the most recent version of the legal pack. An addendum may be issued outlining any late changes. At the point of placing your bid, you are deemed to have read the legal pack in
its entirety, including any changes. Failure to check for changes to the legal pack will not be a valid reason for withdrawing from the sale.
It is strongly recommended that you instruct a qualified professional to review the legal pack and raise any necessary enquiries before bidding.
SPECIAL CONDITIONS OF SALE
The property is sold subject to any Special Conditions of Sale. These are contractual conditions that are included by the seller of the property – they are not part of SDL Auctions' terms and conditions. The Special Conditions of Sale are legally binding. You are taken to have read and accepted these at the point of bidding, even if you have not done so. The Special Conditions of Sale are available to read in the legal pack.
ENERGY PERFORMANCE CERTIFICATES
EPCs can be viewed in the legal pack.
REGISTRATION PROCESS
To register to bid on the property, you must submit your remote bid on the SDL Auctions website. There is also a link to register on the property details page, where you will also be able to find the lot number for the property. Prospective buyers must register no later than 12pm the day before the auction date. If you register after the cut off, it cannot be guaranteed that your registration will be processed.
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.
This first floor flat should offer everything you would need, whether you are taking your first steps onto the property ladder or you are looking to expand your property portfolio as an investor. The property consists of entrance hall, spacious lounge/diner, modern kitchen, double bedroom and bathroom. The property further benefits from having double glazing, warm air heating and un-allocated parking.
LEASEHOLD INFORMATION:
Lease Length - 999 years from 2010
Service & Ground rent - £1,020PA
Lease, ground rent, maintenance details and tenancy details have been provided by the seller and their accuracy cannot be guaranteed. Should you proceed with the purchase of this property, these details must be verified by your Solicitor.
AUCTION METHOD
The auction for this property will take place as an "Auction Event" behind closed doors with a live auctioneer and will be streamed online in real-time. The property will be sold alongside several other lots. Bids must be placed remotely- please see the below section on "Registration Process". The auction can be watched in real-time on the auction date, by following the link on the SDL Auctions home page.
The auction date applicable for the property is displayed on this page. It is not possible to provide a precise timeslot when this property will be auctioned on the day, because there are other lots being sold.
You are required to undertake identity checks before you can be authorised to bid. You must also provide your payment details. If you do not provide this information, your registration will not be processed. When you place your bid, you are deemed to have agreed to SDL Auctions' Buyers Terms (England & Wales).
AUCTION TYPE - Conditional with Reservation Fee
If you are the highest bidder when the auction for the property comes to an end, you will enter into a reservation agreement with the seller. You must then pay the applicable reservation fee. You will then have 40 business days within which to exchange contracts and complete the sale, unless the Special Conditions of Sale contained within the legal pack specify a different time limit. If you fail to do so, you may lose your reservation fee. During the 40-business day reservation period, the seller is not able to accept other offers.
AUCTION FEES
The following non-refundable fees apply:
Reservation Fee- payable immediately when the auction ends. This is calculated as a percentage of the actual purchase price of the property. Either:
(a) 4.8% (including VAT) of the purchase price, for properties up to and including £250,000
(b) 3.6% (including VAT) of the purchase price for properties sold for over £250,000
The Reservation Fee is subject always to a minimum of £6,000 (including VAT). The Reservation Fee does not contribute to the purchase price.
DEPOSIT
This property is listed under the Conditional with Reservation Fee sale method, therefore the deposit will be payable on exchange of contracts and executed via the solicitors. The amount to be paid will be listed in the Special Conditions of Sale.
PAYMENT METHOD
Applicable fees must be paid immediately after a winning bid has been placed. SDL do not accept payment by cash or cheque. Prior to the auction, we will email you to register your card details with our third-party provider, Stripe. Your card details will be stored on their secure online payment platform. Payment will only be taken from you in the event of a winning bid. In this case, you will be contacted by one of SDL Auctions' representatives to make payment. If they cannot make contact with you within 24 hours after the auction ends, they reserve the right to charge your card.
LEGAL PACK
Before bidding, you must view the legal pack for the property. This is the collection of legal documents that apply to the sale. The documents will include but are not limited to: Special Conditions of Sale, title documents from the Land Registry and Energy Performance Certificate.
The legal pack can be viewed on the SDL Auctions website.
The legal pack can change at any time up until the auction starts so you must check for the most recent version of the legal pack. An addendum may be issued outlining any late changes. At the point of placing your bid, you are deemed to have read the legal pack in
its entirety, including any changes. Failure to check for changes to the legal pack will not be a valid reason for withdrawing from the sale.
It is strongly recommended that you instruct a qualified professional to review the legal pack and raise any necessary enquiries before bidding.
SPECIAL CONDITIONS OF SALE
The property is sold subject to any Special Conditions of Sale. These are contractual conditions that are included by the seller of the property – they are not part of SDL Auctions' terms and conditions. The Special Conditions of Sale are legally binding. You are taken to have read and accepted these at the point of bidding, even if you have not done so. The Special Conditions of Sale are available to read in the legal pack.
ENERGY PERFORMANCE CERTIFICATES
EPCs can be viewed in the legal pack.
REGISTRATION PROCESS
To register to bid on the property, you must submit your remote bid on the SDL Auctions website. There is also a link to register on the property details page, where you will also be able to find the lot number for the property. Prospective buyers must register no later than 12pm the day before the auction date. If you register after the cut off, it cannot be guaranteed that your registration will be processed.
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.
Area statistics
Crime score
Low crime
3/10
About this agent
Martin & Co Harborne are proud winners of the "The Sunday Times & The Times" Midlands Estate Agency of the Year 2015 Silver Award. The office is ranked by Rightmove as the No.1 Sales & Letting Agent in the Harborne and Edgbaston area based on the number of properties let and sold. Being a family run, franchised business, our professional approach to sales, lettings and property management is all about you. Martin & Co has been established for over 30 years and our team of property professionals have a combined experience of over 100 years in dealing with property management, sales and lettings.