Property Details: • Type: Studio • Tenure: Leasehold • Floor Area: N/A

Key Features: • FOR SALE BY ONLINE AUCTION • 6 WEEKS’ COMPLETION • Ground floor • Studio • Requires refurbishment • Vacant leasehold

Location: • Nearest Station: N/A • Distance to Station: N/A

Agent Information: • Address: 1880 Pershore Road, Kings Norton, Birmingham, B30 3AS

Full Description: This studio apartment represents a clear refurbishment opportunity with good rental potential. Previously let and now requiring modernisation throughout, the property provides buyers with the chance to add value and improve to their own specification. Once updated, the estimated rental income is approximately £650 PCM, offering an attractive gross yield of 22.3% per annum.The accommodation comprises a studio room with separate kitchen area and bathroom, together with the added benefit of off-street parking. Positioned on Middleton Hall Road in the popular B30 postcode, the property is well located for local shops, amenities and Kings Norton railway station, providing convenient access into Birmingham city centre. With consistent rental demand in the area, this is a straightforward investment project or affordable first step onto the property ladder.Due to current mortgage lending restrictions, the property is considered suitable for cash buyers only.AuctionTo be sold by online auction (unconditional) on Thursday 26th March 2026 with a 6 WEEK COMPLETION, bidding will open at 10.00.To viewViewings will be conducted prior to the auction, please visit our website to book an appointment at firstforauctions.co.ukRegistrationAll bidders/potential buyers are required to register ahead of the auction date to be able to bid/buy, please visit our website to setup an online auction account.TenureLeasehold with vacant possession.Lease125 years from 24 June 1990 - 89 years remaining.Ground rent and service chargePlease see legal pack for further details.EPC ratingCCouncil tax bandA - BirminghamLegal packFor each lot there are Special Conditions of Sale and other documentation provided by the vendor's solicitors. If you wish to receive the Legal Pack, you will be able to register for this via the link on our website. You will receive notification by email once the Legal Pack is received from the solicitor. The documents may not tell you everything you need to know about the property and you are required to complete your own due diligence before bidding.Guide pricesGuide Prices are provided as an indication of each seller's minimum expectation. They are not necessarily figures which a lot will sell for and may change at any time prior to the auction. Each lot will be offered subject to a Reserve, (a figure below which the Auctioneer cannot sell the lot during the auction) which we expect will be set within the Guide Range, or no more than 10% above a single figure Guide Price.Additional feesA buyers charge of £1,650 including VAT is payable on each lot that you buy, in addition to the sale price. Please be aware there may be other additional fees, including disbursements contained in the legal pack payable on completion. Please ensure that you check the legal pack for each lot that you are interested in, prior to bidding.DepositIf you are the highest bidder when the auction ends, contracts are exchanged between you and the seller. Both parties are legally bound to complete the transaction as per the special conditions in the legal pack. Your card will be automatically debited for the bidder security amount of £6,000 and we'll require the remaining balance for a 10% non-refundable deposit. We will contact you after the auction has finished to make these arrangements.Pre-auction offersThese must be made in writing and will only be considered if the Legal Pack has been inspected and proof of funding has been supplied to the auctioneers. Pre-auction offers are only considered on an auction basis in accordance with the “Terms & Conditions - Unconditional Auction".