39 Mere Road, Birmingham B23 7LH

Property Details: • Type: Terraced • Tenure: Freehold • Floor Area: N/A

Key Features: • Auction: 27.03.2025 09:00 • Council Tax Band: A • Impressive Period Style Property • Five Bedrooms - Currently used as a Four Bed House Share • Impressive yearly rental income of £24,500 • Good return on investment opportunity - 15.3% return vs the Guide Price • Easy access to Gravelly Hill train station and other transport links • Close to a wide range of local amenities • EPC Rating: D

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

Agent Information: • Address: 17 Regan Way Toton Nottingham NG9 6RZ

Full Description: This property remains available and open to offers following the auction on 27 March 2025. Please contact the auctioneers on for further details.An investment opportunity to acquire a freehold property currently generating a handsome yearly rental income of £24,500.

This five bedroom house is currently used as a four bedroom house share and generating an impressive yield of 15.3% against the guide price.

The property has been let continuously for some time now and is a good BTL investment for any savvy investor looking for a healthy return on their investment.

A period style terraced home located with excellent access for Gravelly Hill train station and the shops along Slade Road. To the rear of the property there is a mature garden with access to Anchorage Road. Found within walking distance to Brookvale park and lake that offers a number of amenities. Note: We have been informed a HMO license has been submitted and is approximately a few weeks from being secured.Additional Information: Construction Material: Standard brick. Heating: Boiler, mains gas. Coverage: Broadband - Standard, Ultrafast and Superfast is available in this location. Mobile signal - O2, Vodafone, EE and Three. Satellite and Cable - BT, Sky and Virgin show as available in this area.Draft Sales Details These sales details are awaiting vendor approval.Tenure: FreeholdEPC Rating: DTerms: 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.

Binding contracts of sale will be exchanged at the point of sale.

All sales are subject to SDL Property Auctions Buyers Terms. Properties located in Scotland will be subject to applicable Scottish law.

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 4.8% of the purchase price (subject to a minimum of £6,000 inc. VAT).

The Buyers Fee does not contribute to the purchase price, however it will be taken into account when calculating the Stamp Duty Land Tax for the property (known as Land and Buildings Transaction Tax for properties located in Scotland), because it forms part of the chargeable consideration for the property.

There may be additional fees listed in the Special Conditions of Sale, which will be available to view within the Legal Pack. You must read the Legal Pack carefully before bidding.

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).

Guide Price & Reserve Price:

Each property sold is subject to a Reserve Price. The Reserve Price will be within + or - 10% of the Guide Price. The Guide Price is issued solely as a guide so that a buyer can consider whether or not to pursue their interest. A full definition can be found within the Buyers Terms.BrochuresBidders RegistrationView Legal Pack