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Property Listing Details

Property details

  • 1 bedroom
  • 1 bathroom
  • 1 reception room

Features

  • Leasehold
  • Fantastic Rental Yield
  • Studio Flat
  • Ground Floor
  • Commual Parking
  • No Chain

Listing view statistics

Last 30 days: 1352 page views

Since listed: 1713 page views

Description

Summary
For Sale by Modern Method of Auction Starting Bid price £30,000 plus reservation fee. This is a great opportunity for an investor to purchase a property that offers a 10% rental yield. This ground floor studio flat has been well maintained and is located near to Sandwell Hospital. Communal parking.

Description
The property briefly comprises of an entrance hallway, lounge/bedroom area, fitted kitchen, shower room, double glazing, off road parking and communal gardens, The property is situated on a residential estate and is just over 1 mile from the town centre. The property is for sale by The West Midlands Property Auction powered by iam Sold Ltd.

Disclaimer
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, granting 56 days for completion with an aim to exchange contracts 28 days from the date the buyer's solicitor is in receipt of the draft contracts. Allowing the additional time to exchange of 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 4.2% to a minimum of £6000 including VAT which secures the transaction and takes the property off the market. Fees paid to the Auctioneer may be considered as part of the chargeable consideration for the property and be included in the calculation for stamp duty liability. Further clarification on this must be sought from your legal representative.
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 from and all terms and conditions can be found in the Buyer Information 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 which is generally no more than 10% of excess of the Starting Bid, both the Starting Bid and reserve price can be subject change. Terms and conditions apply to the Modern Method of Auction, which is operated by The West Midlands Property Auction by iam Sold. Reservation Fee is in addition to the final negotiated selling price

Description
The property briefly comprises of an entrance hallway, lounge/bedroom area, fitted kitchen, shower room, double glazing, off road parking and communal gardens, The property is situated on a residential estate and is just over 1 mile from the town centre. The property is for sale by The West Midlands Property Auction powered by iam Sold Ltd.

Entrance Hall
Having a door to the communal hallway, cupboard, door to bathroom, lounge/bedroom area

Lounge Area 13' 9" x 8' 9" ( 4.19m x 2.67m )
Double glazed window to the side, open plan to bedroom area, intercom system, door to hallway and kitchen

Bedroom Area
Having built in wardrobe and TV point

Kitchen
Double glazed window to the side, a range of fitted wall and base units, work surfaces over, stainless steel sink drainer, tiling to splash back, electric oven, electric hob, cooker hood over, plumbing for washing machine, door to lounge

Bathroom
Having shower cubicle, wash hand basin, low level WC, electric heater and is fully tiled

Lease details are currently being compiled. For further information please contact the branch. Please note additional fees could be incurred for items such as leasehold packs.

1. Money laundering regulations - Intending purchasers will be asked to produce identification documentation at a later stage and we would ask for your co-operation in order that there will be no delay in agreeing the sale.
2: These particulars do not constitute part or all of an offer or contract.
3: The measurements indicated are supplied for guidance only and as such must be considered incorrect.
4: Potential buyers are advised to recheck the measurements before committing to any expense.
5: Connells has not tested any apparatus, equipment, fixtures, fittings or services and it is the buyers interests to check the working condition of any appliances.
6: Connells has not sought to verify the legal title of the property and the buyers must obtain verification from their solicitor.

You could get

Superfast broadband Superfast broadband

Up to 54.9 Mbps (Source: Ofcom)

Map & Nearby

Local Amenities

  • Sandwell & Dudley 1.6 miles
  • Tame Bridge Parkway 1.8 miles
  • All Saints CofE Primary School 0.1 miles
  • Hargate Primary School 0.3 miles

Local map of the area

Map and Street View Map showing location of property

Local Amenities

  • Sandwell & Dudley 1.6 miles
  • Tame Bridge Parkway 1.8 miles
  • All Saints CofE Primary School 0.1 miles
  • Hargate Primary School 0.3 miles

Market stats

Sale activity

Average estimated value for a flat in B71:

  • £87,683
  • Price decrease

  • -£4,715
  • (-5.103%)
  • Over the last 12 months

In the last 12 months

  • Average sale price

    £73,487
  • Properties sold

    28

Rental opportunities

Looking for an investment? The average rent for a 1 bedroom flat in B71 is currently:

£420 pcm

Recent sales nearby

See all recent sales in B71
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Estimated running costs

Based on available 3rd party data

Mortgage calculator

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The Agent

Price history

Sold prices provided by Land Registry
17th Jul 2019 £30,000 First listed
20th Feb 2013 £36,500 Last sold

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Property descriptions and related information displayed on this page are marketing materials provided by Connells - West Bromwich. 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 Connells - West Bromwich for full details and further information.