50 Edwards Road, Birmingham, West Midlands, B24 9EW

Ref: Lot 14

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Registration Guide

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Town & Country Property Auctions East Midlands
Town & Country Property Auctions East Midlands

UNCONDITIONAL LOT Buyers Premium Applies Upon the fall of the hammer, the Purchaser shall pay a 5% deposit and a 5%+VAT (subject to a minimum of £5,000+VAT) buyers premium and contracts are exchanged. The purchaser is legally bound to buy and the vendor is legally bound to sell the Property/Lot. The auction conditions require a full legal completion 28 days following the auction (unless otherwise stated).

Description

***4-Bedroom HMO Terraced House for Sale***

An excellent opportunity to acquire a fully licensed 4-bedroom HMO situated in the popular residential area of Erdington. This well-maintained terraced property offers spacious accommodation and is ideally suited to investors seeking a ready-made rental property with strong demand from professional tenants.

The ground floor comprises a welcoming entrance hallway leading to a bright and spacious communal living room, providing a comfortable space for tenants to relax. To the rear is a well-equipped fitted kitchen with ample wall and base units, generous worktop space, and room for appliances, with direct access to the private rear garden.

The property offers four well-proportioned letting rooms arranged over the ground and first floors, all benefiting from good natural light and ample space for bedroom furniture. A modern shared bathroom serves the property, complemented by a separate WC for added convenience.

Externally, the property benefits from a low-maintenance rear garden, providing outdoor space for tenants to enjoy.

Located on Edwards Road, the property is within easy walking distance of local shops, supermarkets, cafés, and everyday amenities. Excellent public transport links, including regular bus services and nearby Erdington railway station, provide convenient access to Birmingham City Centre and surrounding areas. Major road networks, including the A38 and M6 motorway, are also easily accessible.

Key Features
•Fully licensed 4-bedroom HMO
•Traditional terraced property
•Four spacious letting rooms
•Bright communal living room
•Modern fitted kitchen
•Shared bathroom with separate WC
•Private rear garden
•Popular Erdington location
•Close to local amenities and public transport
•Excellent investment opportunity with strong rental demand

Buyers Premium

* Plus 5% Buyers Premium plus VAT

Pre Auction Offers Are Considered

The seller of this property may consider a pre-auction offer prior to the auction date.  All auction conditions will remain the same for pre-auction offers which include but are not limited to, the special auction conditions which can be viewed within the legal pack, the Buyer’s Premium, and the deposit.  To make a pre-auction offer we will require two forms of ID, proof of your ability to purchase the property and complete our auction registration processes online.  To find out more information or to make a pre-auction offer please contact us.

Special Conditions

Any additional costs 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 ‘LEGAL DOCUMENTS’.  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.

Key Feature 1

•Fully licensed 4-bedroom HMO

Key Feature 2

•Excellent investment opportunity with strong rental demand

Key Feature 3

•Close to local amenities and public transport

Vendor
Yassamin Modiri

* The Guide Price given is an indication as to where the Reserve is currently set. The Reserve is the minimum price that the auctioneer is authorised by the vendor to sell the property for. It is subject to change throughout the marketing period. Where the Guide Price is a single figure, the current Reserve will not be more than 10% above that single figure, and where a price range is given (i.e. £50,000 - £55,000), the Reserve will not exceed the upper level of the range. It is not necessarily what the auctioneer expects it will sell for.

We would like to point out that all measurements, floor plans and photographs are for guidance purposes only (photographs may be taken with a wide angled/zoom lens), and dimensions, shapes and precise locations may differ to those set out in these sales particulars which are approximate and intended for guidance purposes only.

These particulars, whilst believed to be accurate are set out as a general outline only for guidance and do not constitute any part of an offer or contract. Intending purchasers should not rely on them as statements of representation of fact, but must satisfy themselves by inspection or otherwise as to their accuracy. No person in this firms' employment has the authority to make or give any representation or warranty in respect of the property.

Viewing: Due to the nature and condition of auction properties, the auctioneers highlight the potential risk that viewing such property carries and advise all to proceed with caution and take necessary requirements to ensure their own safety whist viewing any lots offered. Viewings are conducted entirely at the potential buyers own risk, these properties are not owned or controlled by Town & Country Property Auctions and the auctioneers will not be held liable for loss or injury caused while viewing or accessing the lot. Due to the nature of some auction properties, electricity may not be turned on, therefore viewing times are restricted. Viewers will need to bring their own lighting/ ladders if wanting to inspect cupboards, cellars and roof spaces. Some viewings are carried out by third party agents and we will endeavour to give appropriate notice should the published viewing time change. Town & Country Property Auctions will not be liable for any costs or losses incurred due to viewing cancellations or no shows.

All auctioneer fees and deposits stated are non-refundable. The deposit will be applied toward the final purchase price. Auctioneer fees, while not contributing to the purchase price, will still be included in the total chargeable consideration of the property when calculating Stamp Duty Land Tax, Land Transaction Tax, or Land and Buildings Transaction Tax (as applicable depending on whether the property is located in England, Wales, or Scotland).

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