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Bargain home buyers set for some hot auction action

Pictured: Draycott, 25 Drifford

A period-style home in Sutton Coldfield has set the phones ringing ahead of the next CPBigwood auction at Aston Villa’s ground in Birmingham on Thursday, April 26

Draycott, 25 Drifford, close to Sutton town centre goes under the hammer on behalf of Birmingham City Council, with a guide price of £280,000.

CPBigwood director Jonathan Hackett, joint head of auctions, said: “It represents an excellent opportunity to acquire a detached property in a very desirable area.”

Set in 0.32 acres it comprises entrance porch, hall, two reception rooms, small reception room, sun lounge, breakfast room, and kitchen. And on the first floor there are four bedrooms, bathroom and separate toilet.

And a second property in the wider Sutton Coldfield area is also creating interest.

3 Breedon Drive, Curdworth, is a vacant freehold three bedroom detached property with a guide price of £150,000-£160,000

It is in need of modernisation throughout.

The pair are part of 101 lots including 51 residential properties with vacant possession, 26 residential investment properties of which a number are regulated tenancies, and five pubs. A total of 27 properties are on behalf of Law of Property Act (LPA) receivers and mortgagees, highlighting the continued demanding economic climate.

Mr Hackett said: “There have been loads of inquiries on the phones and via the internet.  We have already received some pre-auction offers.”

Birmingham homes which have grabbed the attention include:

749-751 Washwood Heath Road, Ward End, guide price of £260,000, a freehold guest house investment producing a current gross income of £26,000 per annum, a return of 10 per cent gross.

48 and 50 Sandon Road, Edgbaston, guide price £125,000 each, a pair of semi-detached freehold residential properties, both converted into four flats. No. 48 is producing a current gross income of £15,300 per annum with scope for improvement (a return of 12 per cent gross) while No. 50 has a current gross income of £19,800, a return of 16 per cent gross.

43 and 45 Harborne Park Road, Harborne, are freehold residential investment properties, each with a current gross income of £3,666 per annum and a guide price of £100,000-£110,000.

88 Coleshill Road, Marston Green, guide price of £200,000-£225,000, detached, with three to four bedrooms.

22 Nineveh Avenue, off Nineveh Road, Handsworth, guide price of £88,000-£92,000, a freehold mid-terraced three-bed property described as particularly well-presented and recently renovated to a high standard.

100 Poplar Avenue, Edgbaston, guide price of £195,000-£205,000, detached, standing on a significantly large plot, constructed in the 1920s.

92 Swanshurst Lane, Moseley, a three-bedroom semi-detached with a guide price of £185,000-£205,000.

Two notable if contrasting properties are the Sycamore Centre, Sycamore Road, Aston, on behalf of Birmingham City Council, with a guide price £400,000, a freehold 1960’s former school set in nearly 1.5 acres, and 44-46 High Street, Droitwich, on behalf of  Wychavon District Council, guide price £250,000, a town centre Grade II listed building believed to originally date back to the 1600s, once used as a bakery and extending to approximately 3,300 sq ft.

Meanwhile there are a number of former pubs – the Red Lion, 233 Horninglow Road, Burton on Trent, guide price £95,000; the Royal Hotel, Station Road, Eckington, Sheffield, guide price of £100,000; the Crown Inn, Main Street, North Muskham, near Newark, guide price £215,000; Uncle Tom’s Cabin, Corporation Street, Stoke on Trent, guide price £175,000; and the Toby Jug, Newman Way, Rubery, Birmingham, guide price £75,000.

The auction goes ahead in the Holte Suite at Villa Park, Birmingham, on Thursday, April 26, with an 11am start.

For more information about CPBigwood, please visit their website here: www.cpbigwood.com

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