5 bedroom HMO in Birmingham

376 Meadway, Birmingham, B33 0EB

Guide price*

£200,000+

Plus fees

Sold for £220,000

Lot No: 145
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Residential Investment

A Freehold licensed five bedroom HMO Investment Property Current Gross Income: £23,520 pa.

Property Description

A large mid terrace property benefitting from a current HMO licence, issued in November 2019 and comprises 5 large double bedrooms. The bedrooms are fully furnished and the property benefits from a lounge/dining room and a fully furnished kitchen. The property has been rented out for the past 3 years, with a current annual income is £23,520 with scope to increase to £29,220 when fully let.

Location

Meadway is situated in the Kitts Green area of Birmingham, with excellent transport links to Birmingham City Centre, HS2 site, NEC, Birmingham Airport, Resorts World and Jaguar Land Rover. It is within walking distance to Lea Hall Train Station (3 stops into New Street Station) and close to Marston Green and Stechford Train Stations. The International School & Community College is close by, along with numerous supermarkets and other local amenities.

Accommodation

Ground Floor: Kitchen & Dining Room.
First Floor: Five En-suite bedrooms.
Outside: Driveway and Gardens.
The property benefits from gas central heating and double glazing.

Energy Performance Rating

C.

Tenure

Freehold – Subject to the existing tenancies.

Tenancy Details

Room 1 - £500 pcm
Room 2 - £500 pcm
Room 3 - £500 pcm
Room 4 - £460 pcm
Room 5 - £475 pcm - unoccupied

Auctioneers Note

Please note offers may be considered prior to the Auction Sale.

Remote Bidding Auction

This property is being offered via a remote bidding auction with bidding by proxy, telephone or internet only. You will need to pre-register for remote bidding, provide your identification and debit card details no later than 24 hours prior to the auction, please visit our website for further details.

Viewings

External viewings only.
DISCLAIMER

Bond Wolfe Auctions or their Agents for the seller of these Lots give notification that any particulars contained within the catalogue/website are prepared to the best of their knowledge and all potential buyers should make their own enquiries and investigations to the accuracy of the information contained in these particulars. Any amendments to the particulars that Bond Wolfe Auctions are aware of will be published on the addendum, which is available within the lot information.

REMOTE BIDDING AUCTION

Please note that the Auction will be livestreamed via our website with Remote Bidding by Proxy, Telephone or Internet Only.  You must pre-register to bid for each auction no later than 24 hours prior to the auction.  Please click here for further details.

*DEFINITION OF GUIDE & RESERVE PRICE

All properties are sold subject to a reserve price, which is the minimum price the seller is willing to accept and is confidential between the seller and Auctioneer. The guide price is only an indication as to where the reserve is currently set and not necessarily the Auctioneers expectation of what it will sell for. If the guide price is a bracket figure, then the reserve price cannot be higher than the top end of the guide price, if the guide price is a fixed figure, then the reserve cannot be more than 10% above the guide price. The guide price and reserve price can be subject to change at any time up to and including the auction day and, properties can often sell for substantially more than the quoted guide price.

COSTS AT AUCTION

When buying at auction you will unconditionally exchange contracts on the fall of the auctioneer’s gavel, please therefore ensure you have read the legal pack for each property prior to bidding.  They are all individual and include the terms and conditions of your purchase as well as any costs in addition to the purchase price.

The sale of each lot is subject to an administration fee of £1,440 inc VAT (£1,200.00 + VAT) (unless otherwise stated in the important information), payable on the fall of the gavel/at the end of the online auction.  Please note that the administration fee for
the Local Authority lots may differ and all interested parties should enquire directly with the Auctioneers as to the fee applicable.

Any additional costs excluding the administration fee will be listed in the Special Conditions within the legal pack and these costs will be payable on completion. The legal pack is available to download free of charge under the ‘lot information’.  Any stamp duty and/or government taxes are not included within the Special Conditions within the legal pack and all potential buyers must make their own investigations.

Auction details:

Wednesday 17th February 2021 08:30AM

Please note that the Auction will be livestreamed via our website with Remote Bidding by Proxy, Telephone or Internet Only. You must pre-register to bid no later than 12 Noon on Tuesday 16th February.

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Finance available on this property

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