For sale on 27 March 2025

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.

The auction will commence at 09:00.An investment property generating an impressive income of £8,160 a year, it is close to Halesowen town centre and a wide range of amenities and shops.



The property briefly comprises of an entrance hall, bathroom, two double bedrooms, lounge and fitted kitchen.



The 2 bedroom apartment is located on the 10th floor and has allocated ground floor storage and a parking space.



The current tenants are paying £860 pcm which equates to an extremely healthy yield of 16% against the guide price.Entrance Hall - 13ft 9 max x 9ft 6
Lounge / Diner - 16ft 2 x 10ft 9
Kitchen - 11ft 11 x 6ft 7
Bedroom One - 13ft 1 x 8ft 2
Bedroom Two - 13ft 1 x 9ft 11
Bathroom
Additional Information: Construction Material: System built (apartment block). Heating: Boiler, mains gas. Coverage: Broadband - Standard, Ultrafast and Superfast are 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.
Leasehold Information Any ground rent and service charge review periods will be confirmed in the lease documents within the legal pack.
Draft Sales Details These sales details are awaiting vendor approval.Tenure: LeaseholdEPC Rating: BTerms:
Auction Details:



The sale of this property will take place on the stated date by way of Auction Event and is being sold under an Unconditional sale type.



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 auctioneers fees apply:



• 5% deposit (subject to a minimum of £5,000)



• Buyers Fee of 4.8% of the purchase price (subject to a minimum of £6,000 inc. VAT). 



The Buyers 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.

Sourced endeavour to make our particulars accurate and reliable, however, they do not constitute or form part of an offer or any contract and are not to be relied as statements of representation or fact. The selling agent may or may not be the sole agent and will provide confirmation upon request. Any services, systems and appliances listed in this specification have not been tested by us and no guarantee as to their operating ability or efficiency given. All measurements have been taken as a guide and are not precise, please be aware some of the details may be waiting vendor approval. If you require confirmation or further information, please contact the selling agent. Fixtures and fittings are to be confirmed with the seller and not relied upon when listed. Sourced are not responsible for any loss of monies due to the purchase or purchase process with any property listed.