A three-bedroom semi-detached family home in Birmingham requiring complete renovation is set to go under the hammer with a guide price starting at just £25,000.
The property at 105 Nigel Avenue in Northfield is being marketed by Bond Wolfe auctioneers as a leasehold. It is in need of full modernisation throughout.
The home features three bedrooms, including two larger doubles and a smaller box room. Internally, there is a hallway, two reception rooms, a kitchen, a landing, a bathroom, and front and back gardens.
Period features and potential
The house retains several period features such as fireplaces, dado rails, and a wooden staircase. The large rear garden offers plenty of space, while the front garden could potentially be converted into a driveway, subject to obtaining the necessary permissions.
Additionally, the property benefits from a separate garage accessed via a nearby back road.
Bond Wolfe noted that other homes on the same street have sold for as much as £245,000 — more than ten times the guide price for this property.
Auction details
The property is subject to a ground rent of £10.50 per year. It will be auctioned on Thursday, May 14, as part of the firm's 50th auction.
Craig Upton, marketing director at Bond Wolfe, said: “This is a great example of a family home where the need for full renovation has resulted in a low guide price, making the property an attractive target for bidders.
“This property also includes a separate garage accessed via a nearby back road. The house itself has a front garden with the potential for driveway parking, subject to planning permission for a dropped kerb.
“Inside is a hall, two reception rooms, a kitchen and covered side passageway downstairs, with the landing, bedrooms and bathroom upstairs, plus more gardens with a shed at the rear.”
The leasehold has just over seven years remaining on its original 99-year term. It is listed as lot 42 in the auction starting at 8.30am.
Those wishing to register to bid can visit www.bondwolfe.com/auctions/properties, email auctions@bondwolfe.com, or call 0121 312 1212 or 01902 928 510. Bond Wolfe will livestream the auction via its website, with remote bidding available by proxy, telephone, or internet.
