247 Warwards Lane, Birmingham, West Midlands, B29 7QR
- Conditional Online Auction Sale
- Bedrooms: 3
Description
Location Description
Situated on the well-connected Warwards Lane in Selly Oak, this property benefits from a highly convenient location close to a wide range of local amenities, schools, shops and transport links. The property is within easy reach of Birmingham City Centre, Queen Elizabeth Hospital and the University of Birmingham, making the area consistently popular with homeowners, investors and developers alike. Nearby train stations, bus routes and major road links provide excellent commuting access across Birmingham and surrounding areas.
Property Description
Welcome to 247 Warwards Lane, Birmingham, a three-bedroom property offering fantastic potential for buyers looking for a full renovation project. Requiring significant modernisation throughout, this property presents an excellent opportunity for investors, developers or buyers seeking to create a home tailored to their own style and specification.
The ground floor briefly comprises an entrance hallway leading into a substantial open-plan sitting and dining room stretching over 26ft in length, offering excellent potential to create a spacious and versatile living area. To the rear is a fitted kitchen with access through to the conservatory, providing additional reception space and access out to the rear garden. A ground floor bathroom is also positioned to the rear of the property.
Upstairs, the first floor offers three bedrooms including two generous doubles and a further single bedroom, ideal for use as a nursery, home office or dressing room.
Externally, the property benefits from a rear garden with scope for landscaping and improvement. Internally, the home requires comprehensive renovation works throughout including cosmetic updating and modernisation, making it ideal for those looking to add value.
Positioned within a popular residential area with strong long-term demand, this property offers huge potential for refurbishment, resale or rental investment subject to the necessary works being completed.
Material information:
The information above has been provided by the vendor, agent and GOTO Group and may not be accurate. Please refer to the property’s Legal Pack. (You can download this once you have registered your interest against the property). This pack provides material information which will help you make an informed decision before proceeding. It may not yet include everything you need to know so please make sure you do your own due diligence as well.
Tenure
Freehold
Energy Efficiency Rating - Current
61
Energy Efficiency Rating - Potential
77
Opening Bid and Reserve Price
This Property is subject to an undisclosed Reserve Price which in general will not be 10% more than the Opening Bid. The Reserve Price and Opening Bid can be subject to change. The Online Auction terms and conditions apply.
Comments
This property is offered for sale via Online Auction which is a flexible and buyer friendly method of purchase. The purchaser will not be exchanging contracts on the fall of the virtual hammer, but will be given 56 working days in which to exchange and complete the transaction from the date the Draft Contract is issued by the sellers solicitor.
By giving a buyer time to exchange contracts on the property, normal residential finance can be arranged. The Buyer’s Premium secures the transaction and takes the property off the market. Fees paid to the Auctioneer reserve the property to the buyer during the Reservation Period and are paid in addition to the purchase price and are considered within calculations for Stamp Duty Land Tax. Further clarification on this must be sought from your legal representative.
The buyer will be required to give the Auctioneer authority to sign the Reservation Form on their behalf and to confirm acceptance of the Terms and Conditions prior to solicitors being instructed. Copies of the Reservation Form and all Terms and Conditions can be found in the Information Pack which can be downloaded from our website or requested from our Auctioneer.
Upon close of a successful auction, or if the vendor accepts an offer during the auction, the buyer will be required to make payment of a non-refundable Buyer's Premium of £11,180 including VAT, plus a buyer's administration charge of £396 including VAT, a total of £11,576. This secures the transaction and takes the property off the market. Any additional fees and charges over and above this will be confirmed within the terms and conditions available on the website.
The Buyer's Premium and buyer's administration charge are in addition to the final negotiated selling price.
All buyers will be required to verify their identity and provide proof of how the purchase will be funded.
Buyer's Administration Charge
If the Buyer Information Pack has been produced and provided by GOTO Group any successful purchaser will be required to pay £396 (including VAT) towards the cost of the preparation of the pack. These can then be used by your solicitor to progress the sale.
Buyer Fees
There are no other fees or charges payable to the Auctioneer however, there are other costs to consider such as:
- You will need a Solicitor to act for you during the conveyancing and your Solicitor will advise you in relation to the associated costs. If you do not have a Solicitor, we can recommend the services of one of our Panel Solicitors who are all selected for their expertise in Auction Transactions. Please call the number below for more information.
- Stamp Duty Land Tax (SDLT) is applicable if you buy a property or land over a certain price in England, Wales or Northern Ireland. Please click here for more information.
Energy Performance Certificate(EPCs)
An EPC is broadly like the labels provided with domestic appliances such as refrigerators and washing machines.Its purpose is to record how energy efficient a property is as a building. The certificate will provide a rating of the energy efficiency and carbon emissions of a building from A to G, where A is very efficient, and G is inefficient.The data required to allow the calculation of an EPC includes the age and construction of the building, its insulation and heating method.EPCs are produced using standard methods with standard assumptions about energy usage so that the energy efficiency of one building can easily be compared with another building of the same type.The Energy Performance of Buildings Directive (EPBD) requires that all buildings have an EPC when they are marketed for sale or for let, or when houses are newly built. EPCs are valid for 10 years, or until a newer EPC is prepared.During this period the EPC may be made available to buyers or new tenants.
* Generally speaking Guide Prices are provided as an indication of each seller's minimum expectation, i.e. 'The Reserve'. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Virtually every property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide.
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