1 bedroom Apartment in Birmingham

Apartment 155, 51 Sherborne Street, Birmingham B16 8FP
  • Lot No: 168
  • Property Type: Apartment
  • Contract Type: Unconditional with Variable Fee

Guide Price* £95,000+ plus fees

Property Description

Investment property situated on the ground floor of an impressive block of apartments and currently generating an impressive yearly rental income of £10,800 with further scope to increase to £12k per year. A large one-bedroom ground floor apartment located along Sherborne Street, Birmingham City Centre, offering double digit return on investment against the guide price. This spacious apartment is well situated a few minutes walk to Brindley place, Broad Street and all transport links including the tram. The apartment benefits from a large open plan kitchen/living room with fully equipped kitchen and integrated appliances, family bathroom with bath and plenty of storage space, along with a parking space. We have been advised the apartment is currently let on an AST for 900pcm. There is scope to increase the rent with current 1 beds going for £1000pcm with parking.

Leasehold Information

Any ground rent and service charge review periods will be confirmed in the lease documents within the legal pack.


Additional Information:

Construction Material: System Built (taken from epc). Heating: Electric. Coverage: Broadband - Standard, Ultrafast and Superfast is available in this location. Mobile signal - O2, Vodafone, EE and Three show as available. Satellite and Cable - BT and Sky show as available in this area.


Tenure

Leasehold

Auction Details: The sale of this property will take place on the stated date by way of Auction Event and is being sold as Unconditional with Variable Fee (England and Wales). Binding contracts of sale will be exchanged at the point of sale. All sales are subject to SDL Property Auctions’ Buyers Terms. Properties located in Scotland will be subject to applicable Scottish law. Auction Deposit and Fees: The following deposits and non- refundable auctioneer’s fees apply:
  • 5% deposit (subject to a minimum of £5,000)
  • Buyer’s Fee of 4.8% of the purchase price for properties sold for up to £250,000, or 3.6% of the purchase price for properties sold for over £250,000 (in all cases, subject to a minimum of £6,000 inc. VAT). For worked examples please refer to the Auction Conduct Guide.
The Buyer’s Fee does not contribute to the purchase price, however it will be taken into account when calculating the Stamp Duty Land Tax for the property (known as Land and Buildings Transaction Tax for properties located in Scotland), because it forms part of the chargeable consideration for the property. There may be additional fees listed in the Special Conditions of Sale, which will be available to view within the Legal Pack. You must read the Legal Pack carefully before bidding. Additional Information: For full details about all auction methods and sale types please refer to the Auction Conduct Guide which can be viewed on the SDL Property Auctions’ home page. This guide includes details on the auction registration process, your payment obligations and how to view the Legal Pack (and any applicable Home Report for residential Scottish properties). Guide Price & Reserve Price Each property sold is subject to a Reserve Price. The Reserve Price will be within + or – 10% of the Guide Price. The Guide Price is issued solely as a guide so that a buyer can consider whether or not to pursue their interest. A full definition can be found within the Buyers Terms.

Auction Details

Date 30th January 2025

Venue National Property Auction
Our national property auction will be broadcast online with live auctioneers. To bid by proxy, online, or by phone, please submit your registration form no later than 5pm the day before the auction.

Lot Information

Contact Us

If you have any questions, call our team on 0800 046 5454

Map

Apartment 155, 51 Sherborne Street, Birmingham B16 8FP