For Sale by Modern Method of Auction. Starting Bid £50,000 plus Reservation Fee.
A fantastic opportunity to purchase a spacious town centre flat which could be further developed and improved. On the ground floor is a good size living room and bedroom, there is a basement kitchen and bathroom together with another storage room with potential to be converted (subject to the necessary consents).
This property is for sale by The West Midlands Property Auction, powered by iam-sold Ltd.
Living Room (5.3m x 4.5m (17'4" x 14'9"))
Bedroom (3.6m x 2.7m (11'9" x 8'10"))
Basement Kitchen (3.7m x 1.6m (12'1" x 5'2"))
Basement Potential Room (3.9m x 3.5m (12'9" x 11'5"))
We are advised that there will be a new 125 year lease with a ground rent of £240 for the first 25 years, service charge to be advised.
Floorplan & Space Planner
Please take advantage of the Space Planner, which allows you to drag-and-drop furniture into the floor plan, to see how you might actually live in this property. Dragging-and-dropping from the furniture library is very easy and, once finished, you are able to view the finished plan in 2D or 3D, and also save or email the floor plan for future access. Simply copy and paste the following link into your browser:
This property is for sale by the Modern Method of Auction which is not to be confused with traditional auction. The Modern Method of Auction is a flexible buyer friendly method of purchase. We do not require the purchaser to exchange contracts immediately, but grant 28 days to achieve exchange of contracts from the date the buyer’s solicitor is in receipt of the draft contracts and a further 28 days thereafter to complete. Allowing the additional time to exchange on the property means interested parties can proceed with traditional residential finance. Upon close of a successful auction or if the vendor accepts an offer during the auction, the buyer will be required to put down a non-refundable reservation fee of 3.5% subject to a minimum of £5,000 plus VAT which secures the transaction and takes the property off the market. The buyer will be required to sign an Acknowledgement of Reservation form to confirm acceptance of terms prior to solicitors being instructed. Copies of the Reservation form and all the terms and conditions can be found in the Legal Pack which can be downloaded for free from the auction section of our website or requested from our Auction Department.
Please note this property is subject to an undisclosed reserve price. Terms and conditions apply to Modern Method of Auction, which is operated by “The West Midland Property Auction powered by iam-sold Ltd” or “iam-sold Ltd”. To view or make a bid contact DB Roberts or visit:
This catalogue contains details about properties being sold at auction. Those details are subject to change up to and including the day of the auction. Please check our website regularly at , and look out for any additional materials available on the day of the auction, in order to stay fully informed with the up to date information.
Guide Price/Starting Bid: An indication of the seller’s current minimum acceptable price at auction. The guide price/starting bid or range of guide prices/starting bids is given to assist the consumers in deciding whether or not to pursue a purchase. It is usual, but not always the case, that a provisional reserve range is agreed between the seller and the auctioneer at the start of marketing. As the reserve is not fixed at this stage and can be adjusted by the seller at any time up to the day of the auction in the light of interest shown during the marketing period, a guide price is issued. This guide price/starting bid can be shown in the form of a minimum and maximum price range within which an acceptable sale price (reserve) would fall, or as a single price figure within 10% of which the minimum acceptable price (reserve) would fall. A guide price/starting bid is different to a reserve price (see separate definition). Both the guide price/starting bid and the reserve price can be subject to change up to and including the day of the auction.
Reserve Price: The seller’s minimum acceptable price at auction and the figure below which the auctioneer cannot sell. The reserve price is not disclosed and remains confidential between the seller and the auctioneer. Both the guide price/starting bid and the reserve price can be subject to change up to and including the day of the auction.
Property descriptions and related information displayed on this page are marketing materials provided by DB Roberts. Zoopla does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions or related information provided here and they do not constitute property particulars. Please contact DB Roberts for full details and further information.
Guide Price: The “Guide Price” an indication of the seller’s minimum acceptable price at auction. The guide price can be shown in the form of a minimum and maximum price range, or as a single price figure. This is subject to change up to and including the day of the auction and will not necessarily be the final selling price at auction.
Reserve Price: The “Reserve Price” is the seller’s minimum acceptable price at auction and the figure below which the auctioneer cannot sell. This is normally set within the guide price range or within 10% of a single guide price. The reserve price is not disclosed and is subject to change up to and including the day of the auction.
Water consumption is based on average water usage for the predicted occupancy of the property based on the number of bedrooms.
Total annual consumption (in cubic meters) is then averaged into a monthly cost.
Note: If you have 2 separate suppliers for water and sewage, you may receive 2 separate bills.
The Council Tax cost displayed is based on the council tax band and on the basis of 2 adults living at the property. The monthly cost shown excludes any discounts and is rounded to the nearest pound.
Full information on Council Tax discount entitlements can be found on the Gov.UK's website.