Sherborne Grove, Birmingham, B1 2PU

Property Summary

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

Bidding opens on 24th June at 12:00 and closes on 30th June at 12:00 with a GUIDE PRICE of £250,000.

Welcome to this lucrative investment opportunity. A 5-bedroom, 3-story House in Multiple Occupation (HMO) property designed to maximize income potential. As you step into the entrance hall, you are greeted by a spacious and well-lit area that sets the tone for the rest of the property.

On the ground floor, towards the front of the property, you'll find a comfortable double bedroom complete with a modern en-suite shower room. This tastefully designed space offers privacy and convenience for tenants. Moving towards the rear of the ground floor, a generously sized communal breakfast kitchen awaits. Featuring sleek and modern fitted units, integrated appliances, and a convenient breakfast bar, this area is perfect for residents to prepare and enjoy their meals together. Additionally, a door leads from the kitchen to the ample-sized rear garden, providing a pleasant outdoor space for relaxation and socializing.

Ascending to the first floor, you'll discover two more double bedrooms, each accompanied by its own modern en-suite shower room. These well-appointed rooms offer a comfortable living experience for tenants, ensuring they have their own private spaces. The second floor continues the trend with an additional two double bedrooms, each boasting its own modern en-suite shower room. These top-floor bedrooms provide a sense of exclusivity and tranquility for tenants.

To complement the property, low maintenance garden awaits at the rear, offering tenants a pleasant outdoor retreat. Moreover, the property provides off-street parking to the front, ensuring convenience and ease of access for tenants with vehicles.

This 5-bed, 3-story HMO property presents an exceptional opportunity for investors seeking a lucrative income. Its well-designed layout, en-suite facilities, modern finishes, communal spaces, and outdoor areas cater to the needs and desires of tenants. With a focus on maximizing rental potential, this property promises a strong return on investment. Don't miss out on this outstanding opportunity to capitalize on the thriving rental market.

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 Auctions" and select "Auction Property for Sale" in the navigation).

Property Solvers Online Auctions will be running open mornings/afternoons and independent viewings (where required).

The legal pack will be uploaded in good time prior to the auction bidding process. For conveyancing searches that are not received in time for the auction, a Professional Indemnity Insurance policy can be taken out.

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. A 10% deposit will be required.

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 alongside our terms + conditions of sale.

Buyer Reservation Fee

A 2% + VAT (non-refundable) fee plus £125 + VAT processing fee will be due from the winning bidder.