Summary - 12 DAMAR CROFT BIRMINGHAM B14 6PY
1 bed 1 bath Land
**Standout Features:**
- **Property Type:** Freehold land for auction
- **Lease Duration:** 42 years remaining
- **Ground Rent:** £100 annually
- **Location:** Established residential suburbs in Birmingham, B14
- **Auction Guide Price:** £16,000 - £19,000
- **Connectivity:** Excellent mobile signal and fast broadband
- **Local Amenities:** Nearby bus stops, convenience stores, cafes, and food outlets
**Concerns:**
- Lease length may hinder mortgage approval
- Requires maintenance and potential modernization
- Local area is classified as deprived
This auction opportunity presents a unique chance to invest in freehold land located in a multi-ethnic suburban area of Birmingham. With a low guide price of £16,000 - £19,000, this property offers potential, albeit with a limited lease of just 42 years remaining, which may pose challenges for future financing options. The ground rent is modest at £100 per annum, making it a manageable option for those seeking to venture into property investment.
Ideal for savvy investors or developers looking to capitalize on the rental market, this land secures a strategic position amid established residential neighborhoods. The area boasts excellent connectivity with fast broadband and mobile service, highlighting its potential for long-term growth. However, the need for maintenance in properties on the land and an overall classification of area deprivation are important considerations. Attend the auction on September 10th to seize this affordably priced investment with both challenges and opportunities. Don’t miss out on this chance to stake a claim in a developing and vibrant community!
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