Investors looking for a refurbishment project can buy a three-bedroom mid-terraced property at 135 Wyatt Road in Sutton Coldfield, which is going under the hammer on the 9th September from Bond Wolfe.
The former council house is being sold on behalf of Birmingham City Council and will come with a new 125-year lease at a peppercorn ground rent, with a requirement to refurbish the property as a usable single dwelling within 12 months of purchase.
This is just one of 211 lots being auctioned, with guide prices ranging from £6,000 for freehold land in Walton, Stone Staffordshire, to £750,000 for a block of 12 apartments in at The Lanes Shopping Centre in Birmingham.
Ron Darlington, consultant director at Bond Wolfe, said: “This is a fantastic opportunity to buy and develop what could be a great family home in the highly desirable suburb of Sutton Coldfield.
“The house is set well back from the road with a footpath approach and front and back gardens.
“It has a canopy porch entrance, hall, through lounge and kitchen-diner downstairs, with a landing, three bedrooms, shower room and toilet upstairs.
“While substantial improvement works are needed throughout, this lot is expected to be popular with DIY experts who could be first-time buyers or landlords looking to extend their portfolio.”
The auction will be livestreamed via Bond Wolfe’s website with remote bidding by proxy, telephone or internet only.