2 bedroom Apartment in Sutton Coldfield

Flat 1, Walmley Court, 10 Walmley Close, Sutton Coldfield B76 1NQ
  • Property Type: Apartment
  • Contract Type: Unconditional with Variable Fee

Guide Price* £69,000+ plus fees

Property Description

A fantastic chance to buy a sizeable two double bedroom apartment in the very popular Sutton Coldfield area. The property is ready to move into and would achieve a potential rent of £900 per calendar month representing a yield of 15.65% against guide price, based on comparable evidence. Prospective buyers are advised to make all necessary independent enquiries prior to placing their bid as this will be binding. Comprising of entrance hallway, two well sized double bedrooms, a large lounge, modern kitchen and family bathroom. There is storage along the hallway and communal storage. There is one parking space for the property and visitor spaces. Situated in Sutton Coldfield minutes from the M6 and M42 this is the perfect commuter property and also within easy reach of local schools, shops, and amenities. A potential ideal investment or first time buy.

Leasehold Information -

Any ground rent and service charge review periods will be confirmed in the lease documents within the legal pack.


Construction Material -

Cavity wall, as built, no insulation (assumed)


Broadband -

Standard - 22 mbps available


Mobile Phone Coverage -

O2, EE, Three and Vodafone available


Note -

The buyer should be aware that the lease requires them to enter into a license to assign. Details of the requirements are enclosed within the legal pack. Completion shall be 5 business days after the requirements of the license to assign.


Tenure

Leasehold

Auction Details: The sale of this property will take place on the stated date by way of Auction Event and is being sold as Unconditional with Variable Fee (England and Wales). 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 auctioneer’s fees apply:
  • 5% deposit (subject to a minimum of £5,000)
  • Buyer’s Fee of 4.8% of the purchase price for properties sold for up to £250,000, or 3.6% of the purchase price for properties sold for over £250,000 (in all cases, subject to a minimum of £6,000 inc. VAT). For worked examples please refer to the Auction Conduct Guide.
The Buyer’s 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.

Auction Details

Date 27th February 2025

Venue National Property Auction
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.

Lot Information

Contact Us

If you have any questions, call our team on 0800 046 5454

Map

Flat 1, Walmley Court, 10 Walmley Close, Sutton Coldfield B76 1NQ