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10 bedroom house of multiple occupation for sale
86 Aldridge Road, Perry Barr, Birmingham B42 2TP
£325,000
86 Aldridge Road, Perry Barr, Birmingham B42 2TP
£325,000
Our Summary
- For sale on 31 July 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
- The property offers huge potential, with rents increasing, it is feasible to increase the gross income to in excess of £70k per year
- The property also has scope to be converted into several apartments (STPP)
- 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: 31
Description
This impressive 10-bedroom Victorian property in Birmingham is currently used as a 10-bed HMO, generating a reported gross income of £60,000 per year. The property is being sold with a Rent 2 Rent agreement in place, which is due to end in July 2025, and has the potential to increase its gross income to over £70,000 per year. With over 1,850 square feet of accommodation, the property also has scope to be converted into several apartments (subject to planning permission). The property is being sold on a freehold basis and is being auctioned off on July 31, 2025, with a guide price and reserve price to be determined. Prospective buyers are advised to make independent enquiries before placing their bid, as this will be binding.