1 bedroom Flat in Oldbury

7 St Michaels Mews, Tividale, Oldbury, West Midlands B69 2JL
  • Lot No: 20
  • Property Type: Flat
  • Contract Type: Unconditional with Fixed Fee
Midland Heart

Guide Price* £46,000+ plus fees

Result Sold at Auction £50,000

Property Description

This one bedroomed flat is located in a development accessed off Charlotte Close. The property is ideal for the investor as with a potential rental return of £400-£425 per calendar month/ £4,800-£5,100 per annum providing a potential yield of 10.5% off the current guide price.

Communal Entrance

With stairs leading to Communal Landing.


Entrance Hallway

Leading to -


Lounge

11'5" x 11'6"


Kitchen

11' x 5'10"


Bedroom

10'3" x 9'6"


Bathroom

6'6" x 5'


Outside

Communal gardens and allocated parking


NOTE:

We are informed by the seller that the lease is 999 years from 1st January 1993 and that there is no service charge. Interested parties are advised to seek clarification from the legal pack.


Occupancy

Vacant.


Virtual Tour

https://viewer.evry360.com/7-st-michaels-mews-tividale-oldbury-b69-2jl/vr.htm


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 Fixed Fee. 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 fee apply: • 10% deposit (subject to a minimum of £5,000) • Buyer’s Fee of £1,500 inc. VAT 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 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.