Affordable auction lot for cash buyers or investors seeking refurbishment potential.
- Two-bedroom ground-floor flat with open-plan lounge/kitchen
- Communal gardens and private off-street parking
- Modern fitted kitchen, double glazing, gas central heating
- Sold by Modern Method of Auction; no onward chain
- Short lease: 35 years remaining — lenders may refuse mortgages
- Buyer fees: 4.5% reservation fee (min £6,600) plus additional charges
- Very low council tax (Band A); very small overall living area
- Local area: above-average crime and high deprivation levels
This two-bedroom ground-floor flat in Handsworth offers an affordable entry to Birmingham property, sold via the Modern Method of Auction with no onward chain. The flat is compact but presented in clean, neutral condition and benefits from double glazing, gas central heating and a modern fitted kitchen. Outside, residents have access to communal gardens and private off-street parking.
Important buyer considerations are the short remaining lease (35 years) and the auction sale process. The lease length may prevent some mortgage lenders from lending; buyers should check finance options and expect to pay an undisclosed reserve, a non-refundable reservation fee of 4.5% (minimum £6,600), and other buyer charges (up to £349 for pack preparation). Completion is required within 56 days of exchange under the auction terms.
The property suits a cash buyer, a specialist investor used to auction purchases, or someone prepared to undertake a lease extension and light refurbishment. Local advantages include very low council tax (Band A), fast broadband and excellent mobile signal, plus multiple well-rated local schools and reasonable transport links. Be aware the wider area shows higher-than-average crime statistics and very high deprivation levels, which may affect rental demand and resale.
If you’re looking for a low-cost purchase with clear refurbishment or lease-extension potential, this flat is a practical option — but organise finance and legal checks first, and allow for auction fees and lease-related costs in your budget.
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