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5 bedroom terraced house for sale
39 Mere Road, Birmingham B23 7LH
£160,000
39 Mere Road, Birmingham B23 7LH
£160,000
Our Summary
- 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 opportunity to acquire a freehold property currently generating a handsome yearly rental income of £24,500
- Terms: 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
- 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
- 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)
- Auction: 27
- Good return on investment opportunity - 15
Description
This freehold property is being sold at auction and currently generates a yearly rental income of £24,500, yielding 15.3% against the guide price. The five-bedroom house is located in a desirable area with easy access to Gravelly Hill train station and shops along Slade Road, and features a mature garden with access to Anchorage Road. The property is currently used as a four-bedroom house share and has been let continuously for some time, making it a great investment opportunity for savvy investors. The sale is being conducted online with live auctioneers, and bidders can register to participate by proxy, online, or by phone. The auction will commence at 09:00 on the stated date, and binding contracts of sale will be exchanged at the point of sale.