2 Bedroom Apartment, Edgbaston, Birmingham, B15 2QL

Whetstone Close, Farquhar Road, Edgbaston, Birmingham B15 2QL, UK

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Time Left

2018-04-26 15:33:00

(Unless Sold Prior)

  • To do so, please contact the auction team and put forward your absolute best bid. As you are asking the seller to close the auction early your offer should be very strong, at the top end or above the guide price. If all terms are agreed, the purchase will adhere to auction rules and terms of the sale.

Starting Bid

£ 125,000

(Fees Apply)

This property is sold subject to a non-refundable reservation fee of 3.5% + VAT with a minimum of £5,000 + VAT (£6,000 inc VAT) This does not form part of the purchase price.

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  • Leasehold
  • 2 Bedrooms
  • 1 Reception Room
  • 1 Bathrooms
  • In need of modernisation
  • Investment Property
  • Off Road Parking
  • Garage
Davidson Estates
0121 455 7727

14a Fredrick Rd, Edgbaston, Birmingham, B15 1JD

Reservation Fee Calculator

- - -
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Please be advised that a buyer information pack fee is also applicable. Check Terms Of Sale & Legal Pack information or Please speak to our auction team for more information.

  • Leasehold
  • 2 Bedrooms
  • 1 Reception Room
  • 1 Bathrooms
  • In need of modernisation
  • Investment Property
  • Off Road Parking
  • Garage
Davidson Estates
0121 455 7727

14a Fredrick Rd, Edgbaston, Birmingham, B15 1JD

Reservation Fee Calculator

- - -
- - -

Please be advised that a buyer information pack fee is also applicable. Check Terms Of Sale & Legal Pack information or Please speak to our auction team for more information.

SOLD PRIOR FOR AN UNDISCLOSED AMOUNT

 

Property Overview

Davidson Estates are delighted to present this two bedroom apartment comprising of secure communal building entrance and porch leading directly into a spacious lounge and fitted kitchen, two good size double bedrooms, family size bathroom with overhanging shower with separate WC, and ample storage. Located on the first floor and benefits from UPVC throughout.

The property is located on the first floor and benefits from residents parking in the development car park, a garage and UPVC double glazing throughout.
This is a fantastic investment opportunity located on the desirable Calthorpe Estates and in close proximity to both the Birmingham University & Queen Elizabeth Medical Centre.

We are notified by the vendors that there is 49 years remaining on the lease meaning it may be difficult to obtain a mortgage, therefore we are only considering cash buyers. You will need to own the property for a further two years before applying for a lease extension or arrange for the vendor to start the process in order to speed up the process. You will need to make your own enquiries as to the cost of the lease extension.

Service charge: circa. £2,000 pa
Ground rent: £40.00 pa
Years remaining on the lease: 49 years
Potential rental income of £850.00 pcm

(VIEW FLOORPLAN VIA LINK BELOW)

 

Starting Bid and Reserve Price

*Please note this property is subject to an undisclosed reserve price which is generally no more than 10% in excess of the starting bid, both the starting bid and reserve price can be subject to change. Terms and conditions apply to the Modern Method of Auction, which is powered by Under The Hammer Auctions

 

Conditional Online Auction Details

Every online bidder must first create an account at www.underthehammer.com/account/create/. This is a very quick and simple process. Once you have registered, you will be able to search, download legal documents, arrange viewings and contact the Agents, Auctioneers and the solicitors if you have queries on the property. 

This property is for sale Under The Hammer 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 which allows you up to 56 days to complete on the property which means interested parties can proceed with traditional residential finance.

If you are the successful bidder, at the end of the specified time period, you’ll enter into a reservation agreement with the seller and have 28 days within which to exchange. If you fail to do so, you may lose your reservation fee. During the 28 day reservation period, the seller is not able to accept other offers. 

The sale of each Lot is subject to a reservation fee (additional to the purchase price) of 3.5% + VAT (4.2% inc VAT) subject to a minimum £5,000 +VAT (£6,000 inc VAT). The reservation fee does not contribute towards the purchase price.  Where applicable, you will be required to pay any outstanding amounts of the reservation fee immediately after the end of the auction, which can be paid by debit card or bank transfer. This will be specified in the reservation contract. 

 

Energy Performance Certificate (EPCs)

Energy Performance Certificates (EPCs) give information on how to make your home more energy efficient and reduce your energy costs. All homes bought, sold or rented require an EPC. EPCs carry ratings that compare the current energy efficiency and estimated costs of energy use with potential figures that your home could achieve.

EPCs can be viewed in full on our website www.underthehammer.com on the sales details page or in the legal pack.

 

Disclaimer

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.