77 Ridgmont Croft, Quinton, Birmingham, B32 2PS

£40,000 Guide Price
  • Front of Property - 77 Ridgmont Croft, Quinton, Birmingham B32 2PS

Property Features

  • Excellent buy-to-let investment property, competitively priced for a quick sale
  • Strong yield (13.5% gross) with up-to-date rent roll (rent receipt confirmations available in legal pack)
  • Let on a periodic tenancy agreement
  • Solid lease (107 years remaining)
  • Quiet and popular cul-de-sac location
  • Good sized living room (163 sq ft) and bedroom (135 sq ft)
  • Wide hallway + Extra storage space
  • Gas Central Heating (with boiler installed in 2015)
  • Close to Ofsted-rated 'Good' schooling + a wide range of amenities
  • Just over 20 minute drive from Birmingham City Centre with regular bus connections
  • £10 annual ground rent and £150 bi-annual service charge
  • Type: Flat / Apartment
  • Availability: Sold
  • Bedrooms: 1
  • Bathrooms: 1
  • Reception Rooms: 1
  • Parking: Off Road Parking
  • Tenure: Leasehold

Property Summary

This property is to be offered for sale by PROPERTY SOLVERS ONLINE UNCONDITIONAL AUCTION (28-DAY IMMEDIATE EXCHANGE).

Bidding opens on Wednesday 3rd February at 12:00pm and closes on Tuesday 9th February at 12:00pm with a GUIDE PRICE of £40,000.

Overview

Constructed in the mid-1960s, this flat makes an excellent buy-to-let property investment.

This flat has a tenant in-situ paying £449.97 pcm (representing a 13.5% gross yield based on the guide price).  Rental payments are made on time direct from Universal Credit (DwP) (recent bank statements are available in the legal pack).

The property has an Energy Performance Rating 'C' (fully double-glazed, 150mm loft insulation in pitched roof and a 5-year old combi boiler).

There is a £10 annual ground rent and £150 bi-annual service charge payable.

Description

Enter this first floor flat, via an off-road square / pleasant lawned front garden area and a short flight of stairs, into a wide 30 square foot hallway.

To the immediate right is a 32 square foot bathroom with a 3-piece suite.

Next to the bathroom is the well-proportioned and fully-fitted kitchen (73 square feet).

To the immediate left is the good-sized bedroom (135 square feet).

Straight ahead leads to the largest space in the flat, a 163 square foot lounge.

Property Particulars

Lounge = 16.70ft x 9.78ft (5.09m x 2.98m)

Kitchen = 13.48ft x 5.38ft (4.11m x 1.64m)

Bedroom = 13.39ft x 10.10ft (4.08m x 3.08m)

Bathroom = 6.04ft x 5.38ft (1.84m x 1.64m)

Hallway = 10.10ft x 3.01ft (3.08m x 0.92m)

Gross Internal Floor Area (approx) =  441 sq ft (41 sq m)

Local Area

The property is conveniently located close to a number of amenities including doctor's surgeries, multiple convenience stores / newsagents, allotment sites, well-reviewed takeaways, Harborne golf course and Woodgate Valley Country Park as well as Asda and Tesco supermarkets.

Birmingham City Centre is just over 20 minutes drive from the property and there are a number of regular bus connections.

The property is also within close proximity to a number of Ofsted-rated 'Good' schools and children's centres including (in order of distance): Woodhouse Primary Academy, World's End Junior Infant & Junior Schools, Keystone Children's Centre, Baskerville School, Hillcrest Secondary & Sixth Form Centre and Queen Alexandra College.

More Information

Our enquiry line is open 24/7 and we're happy to answer any questions.

Auction terms + conditions, AML requirements and fees are available on our website [Google: Property Solvers > Property Auctions (in navigation) > Auction Property for Sale (drop-down)].

The legal pack (including rental confirmations) will be uploaded shortly.

Viewings

Unfortunately, the tenant does not want viewings at the property and we are unable to conduct them.

Notice to Bidders

Please be aware that if your bid is successful on auction day, the exchange of contracts will happen immediately after the Auction.

As part of the Property Solvers Online Auction process, bidders will be required to register online and provide proof of ID documents (passport and photo driving license).  For a full list of requirements please see the legal pack documents.

Buyer Reservation Fee

£2,000 + VAT (non-refundable) will be due from winning bidder.

Unconditional Auction (28 Days)

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