Investors can purchase a selection of low-priced homes across the Black Country next week at auction.
One property is 40 Coalway Road, Wolverhampton, a three bedroom semi-detached house with a guide price of just £50,000+.
Standing behind a driveway and front garden, it has a hall, living and dining room, kitchen, conservatory, sitting room and store on the ground floor, with three bedrooms and the bathroom with WC upstairs. Gas fired central heating and UPVC double glazing are fitted.
A little more unusual is The Bungalow in Carden Close, West Bromwich.
This two bedroom detached bungalow has a guide price of £69,000+ and is laid out with a porch, hall, open-plan kitchen/reception room, utility room, bedrooms, bathroom with WC and a store room, with gardens to the rear. Gas fired central heating and UPVC double glazing are fitted.
And the distinctive five-bedroomed detached dormer bungalow at 50 Station Street, Bloxwich, Walsall, is certain to attract a lot of attention at the auction.
With a guide price of £195,000+, it has gardens front and rear with a driveaway leading to off-road parking.
Inside, the ground floor is laid out with a hall, study, wet room with shower and WC, large understairs cupboard, lounge, dining room, fitted kitchen with dishwasher, microwave, fridge, double range-style cooker with extractor hood, a rear lobby and a utility room.
Upstairs are the five bedrooms and a bathroom with shower cubicle, as well as a separate WC. Gas central heating and double glazing are fitted.
Gurpreet Bassi, chief executive of Bond Wolfe, said: “These are just a few examples of the broad range of properties for sale at our upcoming auction. With house prices continuing to grow in the current, buoyant market, there has never been a better time to pick up a bargain at auction.
“While some homes are in need of some TLC or modernisation, others are ready and waiting for their new families to move in. As a result we are expecting considerable interest from young couples looking to get on the property ladder, families looking for their next home and investors expanding their rental portfolios.”
Properties with development opportunities
For investors capable of refurbishing a property, one option is a three-bedroomed detached house at 64 Mason Street, Bilston, with a guide price of £95,000+.
Either extensive repairs or redevelopment would be the options, subject to planning consent. With three reception rooms and a kitchen downstairs and the bedrooms and bathroom with WC upstairs, the property has gardens front and rear as well as land to the side that could provide off-road parking, subject to obtaining the necessary permission and cross over.
A less challenging refurbishment project is provided by 5 Parkhill Road, Smethwick, a three bedroom, mid-terraced house with a guide price of only £39,000+.
With a small garden to the front, it is laid out with two reception rooms, a kitchen, bathroom, and separate WC downstairs, three bedrooms upstairs and gardens to the rear. Modernisation work is needed throughout.
Meanwhile, keen interest from bidders is expected for a five bedroom house in Wolverhampton with planning permission for conversion into flats.
The mid-terraced house at 268 Newhampton Road East has a guide price of £175,000+ and stands near West Park and within easy walking distance to the city centre.
It is currently laid out with a hall, two reception rooms, kitchen and bathroom with WC on the ground floor, four bedrooms and a WC on the first floor and a fifth bedroom on the second floor. Planning consent has been granted to convert the property into two 1 bedroom flats and one 3 bedroomed flat.
And potential for an extension or a garage adds to the attraction of a three bedroomed semi-detached house in Bilston on a substantial corner plot. 126 Lunt Road, with a guide price of £116,500+, has a hall, living room and large fitted kitchen on the ground floor, with three bedrooms and a bathroom with WC upstairs. With front, side and rear gardens, it has off-road parking and the potential to extend or build a garage, subject to planning consent.
Bassi added: “Once again there is a terrific choice or properties, and we are expecting plenty of competitive bidding on the day.”
Huge house in Birmingham up for auction
Huge but dilapidated house in Birmingham’s top suburb at auction with £795,000 guide price
An eight-bedroomed mansion spread across three floors in the highly sought-after Birmingham suburb of Harborne is one of the star lots in Bond Wolfe’s next auction on Thursday 19 May.
The huge freehold property at 2 Meadow Road sits on around 0.4 acres of land and will have an auction guide price* of £795,000+.
The detached house will need complete renovation throughout or could become a major redevelopment project, subject to planning permission.
Jonathan Hackett, a consultant director at Bond Wolfe, said: “This substantial house in such a prime area is a very exciting lot to have at our auction and we are expecting keen interest from bidders.
“With eight bedrooms, the property might suit a landlord looking to invest and extend their portfolio, but with all that extra land to the side and rear it may also have redevelopment potential, subject to planning permission.”
The detached property stands from the road behind a driveway and front garden, with more gardens and a dilapidated brick building to the side and rear.
On the ground floor there is an entrance porch, reception hallway, three reception rooms, a bathroom with no fittings, a separate toilet with basin, a dining kitchen, and an inner hall leading to a garage and basement.
Upstairs is a large landing, and five bedrooms – one with an ensuite but with no fittings, and another with a dressing room.
There is also a separate bathroom, again with no fittings, a study, a toilet and a boiler room, also with no fittings, while the second floor has three more bedrooms and another bathroom with no fittings.
More than 20 homes across the Black Country, along with the Harborne house, are among 161 lots that will appear in Bond Wolfe’s next auction which starts at 9am on Thursday 19 May. The auction will be livestreamed via Bond Wolfe’s website with remote bidding by proxy, telephone or internet only.