55 Creed Way, West Bromwich B70 9JT

Property Details: • Type: Flat • Tenure: N/A • Floor Area: N/A

Key Features: • Auction: 27.02.2025 09:00 • Council Tax Band: A • Investment Opportunity • Generating in excess of £7k a year in rental revenue • Superb return on investment with a yield of 13% against the guide price • Modern Purpose built flat • Popular residential location close to a wide range of local amenities and shops • EPC Rating: C

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

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

Full Description: 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.An investment property generating in excess of £7k per year in rental revenue offering a superb return on investment of 13% against our guide price.

A great opportunity to acquire a modern purpose build 1 bed flat in Birmingham close to a wide range of local amenities, shops and transport links.

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 show as available. Satellite and Cable - BT and Sky show as available in this area.Leasehold Information Any ground rent and service charge review periods will be confirmed in the lease documents within the legal pack.Draft Sales Details These sales details are awaiting vendor approval.Tenure: LeaseholdEPC Rating: CTerms: 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