Guide price£2,250,000

Added < 7 days

Property for sale

Handsworth Wood Road, Birmingham, West Midlands, B20 2DH

Auction

0191 392 0913

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Property

0 bed

0 bath

7,050 sq ft / 655 sq m

Key information

Tenure: Freehold

Council tax: Ask agent

Broadband: Ultra-fast 1000Mbps *

Mobile signal:

EE O2 Three Vodafone

Water: Ask agent

Heating: Ask agent

Electricity: Ask agent

Sewerage: Ask agent

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Property description & features

Tenure: Freehold
Mostly Tenanted (15 of 19)
17 Flats and 2 Bedsits Overall
Ideal Long Term Investment
Three Detached Residencies
Double Glazed Windows Throughtout
Three Storey Buildings
Mixed Electric and Gas Heating
Off Road Parking on Driveway
Communal Rear Gardens

*For sale via secure sale online bidding: terms and conditions apply.*

We are pleased to introduce for auction three detached residencies converted into 17 flats and 2 bedsits.

A great opportunity for serious investors to purchase three detached residencies in a leafy and popular suburb of North-West Birmingham has now become a reality!!

Comprising of 17 flats/studios and 2 bedsits, these imposing properties certainly have kerb-appeal and owning such would certainly be fulfilling a lifelong ambition for someone.

For those of you who enjoy architectural features, these three properties have expansive and welcoming hallways, high ceilings with original features and sweeping staircases to first and second floors.

All three properties have expansive frontages which have been converted into off-road parking for several cars outside each individual residence and have mature communal and tranquil gardens to the rear.

Starting Bids of £2,250,000 for this once in a lifetime opportunity for serious investors!

Please Note:
All area sizes are taken from the independently commissioned Energy Performance Certificates. Individual rooms (not communal areas) have been measured and are available on request and all internal photographs are of only vacant units respecting the privacy of the current occupying tenants.

Please note we have not inspected this property.

Rooms

Location
Handsworth Wood Road is a residential street in the Handsworth district of Birmingham, England. It offers easy access to local amenities, including shops, schools, and parks, making it an appealing choice for families. The area is well-connected by public transport, providing convenient links to Birmingham city centre and surrounding neighbourhoods.

Accommodation: 41
Comprises of:- 4 x 1 bedroom flats/1 x studio flat Ground Floor (flat 1): Size: 30m2 1 bedroom flat Taken deposit for rent of £675. Ground Floor (flat 2): Size: 38m2 Studio flat Rent: £500.00 First Floor (flat 3): Size: 34m2 1 bedroom flat Rent: £750.00 First Floor (flat 4): Size: 37m2 1 bedroom flat Rent: £700.00 Attic Flat (flat 5): Size: 41m2 1 bedroom flat Rent: £775.00 Total Approximate Size: 180m2 or 590ft2 Current Rent Received: £3,400.00 p.c.m. or £40,800 p.a. (occupied units only)

Accommodation: 43
Comprises of:- 3 x 1 bedroom flats/2 x studio flats/1 x 2 bedroom flat Ground Floor (flat 1): Size: 40m2 Studio flat Rent: £650.00 Ground Floor (flat 2): Size: 36m2 1 bedroom flat Rent: £700.00 First Floor (flat 3): Size: 20m2 Studio flat Rent: £650.00 First Floor (flat 4): Size: 39m2 1 bedroom flat Rent deposit taken for £850. First Floor (flat 5): Size: 44m2 1 bedroom flat Rent: Vacant Attic Flat (flat 6): Size: 41m2 2 bedroom flat Rent: £750.00 Total Approximate Size: 220m2 or 722ft2 Current Rent Received: £3,600.00 p.c.m. or £43,200 p.a. (occupied units only)

Accommodation: 45
Comprises of:- 6 x 1 bedroom flats/2 x bedsits Ground Floor (flat 1): Size: 33m2 1 bedroom flat. £675 Ground Floor (flat 2): Size: 36m2 1 bedroom flat. £750 Ground Floor (flat 3): Size: 26m2 1 bedroom flat. £675 First Floor (flat 4): Size: 30m2 1 bedroom flat (mezzanine). £575 Attic Flat (flat 5): Size: 59m2 1 bedroom flat. £750. First Floor (flat 6): Size: 32m2 1 bedroom flat Rent: Vacant First Floor (room 7): Size: 22m2 Bedsit Rent: £500.00 First Floor (room 8): Size: 16m2 Bedsit Rent: Vacant Shower room Current Rent Received: £3,925.00 pcm or £47,100 p.a. (occupied units only) Total Rents Received: £10,925.00 pcm or £131,100 p.a. (occupied units only)

Tenure
3x freehold titles. Title numbers WK168004, WM474832 & WM545890.

Council Tax
All flats band A.

EPC
All available upon request. Flat 1, 41: Rating E Flat 2, 41: Rating D Flat 3, 41: Rating D Flat 4, 41: Rating D Flat 5, 41: Rating D Flat 1, 43: Rating D Flat 2, 43: Rating E Flat 3, 43: Rating E Flat 4, 43: Rating D Flat 5, 43: Rating D Flat 6, 43: Rating E Flat 1, 45: Rating D Flat 2, 45: Rating E Flat 3, 45: Rating E Flat 4, 45: Rating E Flat 5, 45: Rating E Flat 6, 45: Rating D Flat 7, 45: Rating E Flat 8, 45: Rating D

Auctioneers Additional Comments
Pattinson Auction are working in Partnership with the marketing agent on this online auction sale and are referred to below as 'The Auctioneer'. Please be aware that any inquiry, bid or viewing of the subject property will require your details to be shared between both the marketing agent and The Auctioneer in order that all matters can be dealt with effectively. This auction lot is being sold either by, conditional (Modern) or unconditional (Traditional) auction terms and overseen by the auctioneer in partnership with the marketing agent. The property is available to be viewed strictly by appointment only via the Marketing Agent or The Auctioneer. Bids can be made via The Auctioneers or the Marketing Agents website.

Auctioneers Additional Comments
Your details may be shared with additional service providers via the marketing agent and/or The Auctioneer. A Legal Pack associated with this particular property is available to view upon request and contains details relevant to the legal documentation enabling all interested parties to make an informed decision prior to bidding. The Legal Pack will also outline the buyers' obligations and sellers' commitments. It is strongly advised that you seek the counsel of a solicitor prior to proceeding with any property and/or Land Title purchase. In order to submit a bid upon any property being marketed by The Auctioneer, all bidders/buyers will be required to adhere to a verification and identity process in accordance with Anti Money Laundering procedures.

Auctioneers Additional Comments
In order to secure the property and ensure commitment from the seller, upon exchange of contracts the successful bidder will be expected to pay a non-refundable deposit of 5% of the purchase price of the lot subject to any special conditions detailed in the legal pack. The deposit will be a contribution to the purchase price. A non-refundable reservation fee may also be payable upon agreement of sale (Details of which can be obtained from the auctioneers website). The Reservation Fee is in addition to the agreed purchase price and consideration should be made by the purchaser in relation to any Stamp Duty Land Tax liability associated with overall purchase costs. Both the Marketing Agent and The Auctioneer may believe it necessary or beneficial to the customer to pass your details to third party service suppliers, from which a referral fee may be obtained. There is no requirement or indeed obligation to use these recommended suppliers or services.

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Pattinson Estate Agency is an award-winning family-run business that was Launched in 1977 on Independence Day. This is no coincidence, as independence is central to our company ethos. We are the most recognised estate agency in the North East, and in that time we have grown from 1 office to 28, with 300 members of staff, and we officially sell more properties in the North East, than any other estate agency. However, we don’t just sell houses! Our many property services include sales, lettings (property management), auction, commercial, financial services, conveyance and surveys, and we have it all under one roof! We can be contacted 6 days a week at extended hours, as we have a dedicated Regional Team who take the overspill calls from our 28 branches, so all client relationships are built and maintained. At Pattinsons, we are innovative leaders in the property industry, with pro-active selling, a reliable reputation, and substantial repeat business. Our national secure sale department, ‘Pattinson Auction’, was launched 33 years ago, and is going from strength to strength. As serious players in the field of digital marketing, we successfully utilise the social media platforms TikTok, Facebook and Instagram as part of our extensive marketing process. We have a wealth of knowledge and an expansive network to help find the best solution for you and your property requirements. You can trust Pattinsons, the North East’s leading estate agency.

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*DISCLAIMER

Property reference 458197. The information displayed about this property comprises a property advertisement. OnTheMarket.com makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and OnTheMarket.com has no control over the content provided by the agent or developer. This property advertisement does not constitute property particulars. The information is provided and maintained by Pattinson - Commercial.

OnTheMarket may have applied supplementary data to this property listing, including:

Broadband availability and predicted speed: obtained from Ofcom on October 5, 2024

Broadband speed is measured in megabits per second, with the number returned showing how fast the connection is. Each reading is based on the highest predicted speed of any major broadband network for services that deliver the download speeds. The following are the different readings that we may display:

Basic: Up to 30 Mbit/s
Super-fast: Between 30 Mbit/s and 300 Mbit/s
Ultra-fast: Over 300 Mbit/s

The data is updated three times a year. The checker results are predictions and should not be regarded as guaranteed. For more information, see: https://checker.ofcom.org.uk/en-gb/about-checker#Answer_0_2

Mobile phone signal availability and predicted strength: obtained from Ofcom on October 5, 2024

Mobile signal predictions are provided by the four UK mobile network operators: EE, O2, Three and Vodafone. Predictions can vary significantly from the coverage you may actually experience as a result of local factors (especially terrain). Ofcom has tested the actual coverage provided in various locations around the UK to help ensure that these predictions are reasonable. The values shown against a property can be broken down as follows:

Clear: No bars, no signal predicted
Red: One bar, reliable signal unlikely
Amber: Two bars, may experience problems with connectivity
Green: Three bars, likely to have good coverage and receive a data rate to support basic web services
Enhanced: Full bars, likely to have good coverage indoors and to receive an enhanced data rate to support multimedia services

Energy Performance data and Internal floor area

Any supplementary data should not be relied upon as forming part of any property particulars and OnTheMarket cannot be held responsible for any incorrectness in this data. See here for more information.

*Call rate information

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