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1 bedroom flat for sale
55 Creed Way, West Bromwich B70 9JT
£52,500
55 Creed Way, West Bromwich B70 9JT
£52,500
Our Summary
- For sale on 27 February 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
- 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)
Description
This modern one-bedroom flat in Birmingham is being sold at auction with a guide price and a reserve price that is within 10% of the guide price. The property generates over £7,000 per year in rental revenue, offering a 13% return on investment. The flat is leasehold and has a C EPC rating. The auction will be held online with live auctioneers, and bidders can register by proxy, online, or by phone. The sale is unconditional, and binding contracts will be exchanged at the point of sale. The buyer will need to pay a 5% deposit and a non-refundable buyer's fee of 4.8% of the purchase price. The property is located near local amenities, shops, and transport links, and has a range of communication options including broadband, mobile signal, and satellite and cable services.