Two family homes on the same road in south Birmingham which each have guide prices of £89,000+ are going under the hammer on Thursday 21 July.
The lots at 130 and 179 Farren Road in Northfield are three-bedroomed, semi-detached properties with gas central heating and double-glazing, but their prices reflect the fact that both need modernisation.
Number 130 has a driveway, gardens front and back and a rear garage, with a hall, understairs cupboard, through reception room with dining area and kitchen downstairs, and a landing, bedrooms and bathroom upstairs.
At number 179, there is a porch, hall, two reception rooms, kitchen, understairs cupboard, rear conservatory and toilet downstairs, a landing, bedrooms and bathroom upstairs, and front and back gardens with a rear garage or workshop.
Gurpreet Bassi, chief executive of Bond Wolfe, the auction host, said: “These two properties that are so close to each other could make great buys for landlords looking to invest in expanding portfolios, or each for first-time buyers with DIY skills.”
Bassi explained that there was a great range of other doer-uppers from across Birmingham in what is Bond Wolfe’s first return to the auction room in two-and-a-half years, with some starting prices lower than £50,000.
A two-bedroomed, mid-terraced house with gas central heating and double glazing at 156 May Lane in Kings Heath has a guide price of £44,000 to £49,000, reflecting its need for works.
This property has front and back gardens, a hall, reception room, understairs cupboard, dining kitchen and side lean-do downstairs, with a landing, bedrooms and bathroom upstairs.
Another house in the auction, which will also be live-streamed online, is a three-bedroomed, end terrace at 852 Yardley Wood Road, with a guide price of £50,000+.
This property, which could be suitable for development subject to planning permission, has a driveway, garage, gardens front and back, with porch, reception room, kitchen, bathroom and understairs store downstairs.
Upstairs is a landing and three bedrooms and there is gas central heating and double glazing throughout, but again the house needs refurbishment.
In the east of the city is a three-bedroomed, mid-terraced house at 62 Phillimore Road in Saltley, where the need for renovations is reflected by a £59,000+ guide price.
This property, with front and back gardens and double glazing, has a porch, two reception rooms, and a kitchen and bathroom – both with no fittings – downstairs, and a landing and bedrooms upstairs.
Back in the south of the city is a three-bedroomed, mid-terraced house with gas central heating, most windows double-glazed and a rear garden at 24 Kitchener Road in Selly Park.
This property has a porch, two reception rooms, kitchen, shower room and toilet downstairs, and a landing and bedrooms upstairs – although its £69,000+ guide price reflects the need for improvements.
Across the city is a two-bedroomed, mid-terraced house with front and back gardens and outside brick stores and toilet at 38 Howard Road in Handsworth Wood, with a guide price of £75,000+.
This property has two reception rooms, a kitchen and cellar access on the ground floor, with a landing, bedrooms and bathroom upstairs – but despite having double glazing it needs modernisation throughout.
Not all lots in the auction are doer-uppers, and one example is a smart three-bedroomed, semi-detached house at 69 Birmingham Road in Great Barr, with a guide price of £175,000+.
This property has a driveway, gardens front and back, a hall with understairs cupboard, through reception room and L-shaped kitchen-diner downstairs, with a landing, bedrooms and bathroom upstairs, plus gas central heating and double-glazing on the majority of windows.
East Midlands homes
Homes across East Midlands in need of refurbishment are also going under the hammer.
There are low-priced fixer-uppers suitable for buyers ranging from families looking for their first step on the property ladder to experienced investors aiming to expand their property portfolios.
For instance, a three bedroomed end-terrace house at 38 Oxford Street, Church Gresley, Swadlincote, in Derbyshire, has a guide price* of £39,000-£44,000.
With gardens front and rear, gas central heating and double glazing, the house has a reception room, dining kitchen and shower room with WC downstairs and three bedrooms upstairs. It is in need of modernisation throughout, however, hence the low guide price.
Meanwhile, over in Nottingham, a two bedroom end-terrace house at 86 Cranwell Road is listed at £55,000+ with paved gardens front and back, a driveway and UPVC double glazing. Also in need of modernisation, it has a reception room and kitchen downstairs with the bedrooms and bathroom with WC upstairs.
Bassi said: “These two properties are great examples of the broad range of properties across the East Midlands coming up for sale at our auction event on July 21.
“These lower priced homes often are in need to improvements and modernisations but would be ideal for those with DIY skills.”
A two bedroomed detached house at 11 Cross London Street, New Whittington, Chesterfield in Derbyshire, is listed at just £30,000+.
Again, in need of work , it has gardens to the rear and double glazing, two reception rooms, a kitchen and cellar access downstairs, with two bedrooms and the bathroom with WC upstairs.
The three bedroomed semi-detached house at 1 Spencer Drive, Alfreton in Derbyshire, has a guide price of £49,000+ – less than half current market values. It has gardens front and rear, with outbuildings and double glazing. Downstairs is a hall, two reception rooms and a kitchen, with the bedrooms and bathroom upstairs.
The two bedroomed semi-detached house at Lea Croft, Little Lane, Shirebrook, Nottinghamshire, is in need of complete renovation, hence the low guide price of £39,000-£44,000. There is a driveway and foregarden to the front, a garage and a very overgrown garden at the rear. Inside it has two reception rooms, an understairs cupboard and kitchenette, with two bedrooms and the bathroom with WC upstairs.
A guide price of £39,000+ has been set for the two bedroomed mid-terraced house at 26 Mill Road, Heanor, Derbyshire. Again, in need of thorough renovation it has a long garden to the rear, two reception rooms and a kitchen downstairs and two bedrooms and the bathroom with WC on the first floor. Double glazing is installed.
Return to in-person auctions
The Birmingham and East Midlands lots are just some of the 207 properties appearing in Bond Wolfe’s auction that starts at 9.30am on 21 July in a return to the Holte Suite at Villa Park for the first time in two-and-a-half years.
For those not able to attend in person, the auction will continue to be livestreamed via Bond Wolfe’s website with remote bidding by proxy, telephone or internet.