Three houses in the West Midlands are set to be sold at auction next month with a remarkably low guide price of just £50,000 each. The freehold properties, located in Wednesbury, Oldbury, and Smethwick, have stood empty for many years and are now being offered as potential projects for developers or hands-on buyers.
The Three Auction Lots in Detail
The first property is 43 Hales Road in Wednesbury. This is a three-bedroom end-terraced house set back from the road with its own driveway and front and rear gardens. Inside, the ground floor comprises a hall, two reception rooms, a kitchen, and an under-stairs cupboard. Upstairs, there is a landing, three bedrooms, and a bathroom. The house benefits from gas central heating and double glazing.
The second home is 125 Hill Top Road in Oldbury. This is a mid-terraced house with four bedrooms and a double frontage, along with front and back gardens. The downstairs layout includes a hall, two reception rooms, a kitchen, a bathroom with a toilet, a rear lobby, and a separate toilet. The first floor has a landing and four bedrooms. It also features gas central heating and double glazing throughout.
The third lot is 162 Hales Lane in Smethwick. This semi-detached house has three bedrooms, a driveway, a garage, and gardens. The auctioneers note it might be suitable for development, subject to obtaining the necessary planning permissions. The ground floor has a hall, two reception rooms, and a kitchen. Upstairs, there is a landing, two bedrooms, a box room, and a bathroom. Like the others, it has gas central heating and double glazing.
A Project for the Right Buyer
Gurpreet Bassi, chief executive at Bond Wolfe auctioneers, stated that all three homes have been vacant for a considerable time. As a result, they are cluttered and in need of complete modernisation and clearing out. "This makes each one of them a really good opportunity for a developer to invest or buyers looking for a DIY project," he explained.
Prospective buyers should be prepared for significant work, as each property will undoubtedly require a skip and a comprehensive programme of refurbishment to make them habitable. The low guide price reflects the scale of renovation needed.
How to Bid on the Properties
The houses will be part of Bond Wolfe's upcoming auction, which is scheduled to start at 8.30am on Wednesday, 10 December. The event will be livestreamed on the auctioneer's website, allowing for remote bidding via proxy, telephone, or internet. This provides a chance for investors and project-seekers to secure a potentially lucrative property in the Black Country region at a very accessible entry point.
