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Lomas Drive, Birmingham, B31

PROPERTY TYPE

Maisonette

BEDROOMS

2

BATHROOMS

1

SIZE

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Describes how you own a property. There are different types of tenure - freehold, leasehold, and commonhold.Read more about tenure in our glossary page.

Key features

  • Being Sold By GOTO Online Auctions
  • Buyer’S Fees Apply
  • Buy It Now Option Available
  • CASH BUYERS ONLY!!!!!!
  • CHAIN FREE
  • SHORT LEASE
  • GREAT LOCATION
  • FIRST FLOOR MAISONETTE
  • TWO BEDROOMS

Description

The Property
***CASH BUYERS ONLY*** ***SHORT LEASE*** ***GREAT RENTAL PROPERTY*** ***VIRTUAL TOUR AVAILABLE***

THIS PROPERTY IS AVAILABLE TO CASH BUYERS ONLY DUE TO THE SHORT LEASE TERM LEFT.

The property itself is a first floor maisonette with a good sized lounge/dining room with the kitchen off this room.

The kitchen includes wall and base units, sink/drainer, with space plumbing for white goods and a rear facing window.

The bathroom includes a bash, wc and wash basin.

The two bedrooms are both a good size with the smaller one being at the rear with great views from the back and a built in wardrobe.

The larger room has a built in wardrobe with a great over stair store cupboard.

There is also a garage in a separate block, close to the property.

Location
This property is ideally located in the northfield area and is close to local transport links offering services to the city centre.

There are schools of various ages close by, along with a doctors, supermarket, local pub and Northfield high street.



Property Description
Being Sold by GOTO Online Auction

Starting Bids from £90,000

Buy it now option available

Please call or visit Purplebricks Online Auctions for more information.

This property is for sale by Online Auction. The Online Modern Method of Auction is a flexible buyer friendly method of purchase. The purchaser will have 56 working days to exchange and complete once the draft contract has been issued by the vendors solicitor. Allowing the additional time to exchange and complete on the property means interested parties can proceed with traditional residential finance. Upon close of a successful auction or if the vendor accepts an offer during the auction, the buyer with be required to put down a non-refundable reservation fee. The fee will be a fixed fee including the Vat, this secures the transaction and takes the property off the market. The buyer will be required to agree to our terms and conditions prior to solicitors being instructed. Copies of the Reservation form and all terms and conditions can be found on the online Auction website or requested from our Auction Department.

Please note this property is subject to an undisclosed Reserve Price which is typically no more than 10% in excess of the Starting Bid. Both the Starting Bid and Reserve Price can be subject to change. Our primary duty of care is to the vendor. Terms and conditions apply to the Modern Method of Auction, which is operated by GOTO Auctions.

To book a viewing visit Purplebricks

By giving a buyer time to exchange contracts on the property, means normal residential finance can be sort.

The buyer will be required to sign a Reservation form to confirm acceptance of terms prior to solicitors being instructed. Copies of the Reservation form and all terms and conditions can be found in the Info Pack which can be downloaded for free from our website or requested from our Auction Department.

The Buyer’s Premium and administration charge are in addition to the final negotiated selling price.


General Information

Auctioneer's Comments

This property is for sale by Online Auction which is a flexible and buyer friendly method of purchase. The purchaser will not be exchanging contracts on the fall of the virtual hammer but will be given 56 working days in which to complete the transaction, from the date the Draft Contract is issued by the seller’s solicitor.

The Buyer’s Premium secures the transaction and takes the property off the market. Fees paid to the Auctioneer may be considered as part of the chargeable consideration for the property and be included in the calculation for stamp duty liability. Further clarification on this must be sought from your legal representative.

Upon close of a successful auction or if the vendor accepts an offer during the auction, the buyer will be required to make payment of a non-refundable Buyers Premium of £6,600 including VAT plus an administration charge of £354 including VAT, a total of £6,954. This secures the transaction and takes the property off the market.
Buyer's Administration Charge
If the Buyer Information Pack has been produced and provided by GOTO Group any successful purchaser will be required to pay £354.00 (including VAT) towards the cost of the preparation of the pack. These can then be used by your solicitor to progress the sale.
Buyer Fees
There are no other fees or charges payable to the Auctioneer however, there are other costs to consider such as:
• You will need a Solicitor to act for you during the conveyancing and your Solicitor will advise you in relation to the associated costs. If you do not have a Solicitor, we can recommend the services of one of our Panel Solicitors who are all selected for their expertise in Auction Transactions. Please call the number below for more information.
• Stamp Duty Land Tax (SDLT) is applicable if you buy a property or land over a certain price in England, Wales or Northern Ireland. Please click here for more information.








Property ownership information

Tenure: Leasehold

Council tax band: C

Annual ground rent: £66.00

Ground rent review period: No review period

Annual service charge: £86.00

Service charge review period: No review period

Lease end date: 25/03/2073

Disclaimer for virtual viewings

Some or all information pertaining to this property may have been provided solely by the vendor, and although we always make every effort to verify the information provided to us, we strongly advise you to make further enquiries before continuing.

If you book a viewing or make an offer on a property that has had its valuation conducted virtually, you are doing so under the knowledge that this information may have been provided solely by the vendor, and that we may not have been able to access the premises to confirm the information or test any equipment. We therefore strongly advise you to make further enquiries before completing your purchase of the property to ensure you are happy with all the information provided.

Brochures

Brochure

Tenure: Leasehold You buy the right to live in a property for a fixed number of years, but the freeholder owns the land the property's built on.Read more about tenure type in our glossary page.

GROUND RENTA regular payment made by the leaseholder to the freeholder, or management company.Read more about ground rent in our glossary page.

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ANNUAL SERVICE CHARGEA regular payment for things like building insurance, lighting, cleaning and maintenance for shared areas of an estate. They're often paid once a year, or annually.Read more about annual service charge in our glossary page.

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LENGTH OF LEASEHow long you've bought the leasehold, or right to live in a property for.Read more about length of lease in our glossary page.

51 years left

Energy Performance CertificatesA document confirming the energy efficiency rating of the property.Read more about epc in our glossary page.

Council TaxA payment made to your local authority in order to pay for local services like schools, libraries, and refuse collection. The amount you pay depends on the value of the property.Read more about council tax in our glossary page.

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Lomas Drive, Birmingham, B31

NEAREST STATIONS

Distances are straight line measurements from the centre of the postcode
  • Northfield Station0.8 miles
  • Longbridge Station1.0 miles
  • Kings Norton Station2.0 miles
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About the agent

Purplebricks, covering Birmingham

First Floor, One Cranmore Drive, Shirley, Solihull, B90 4RZ

Purplebricks, covering Birmingham

Sell your home for free with Purplebricks.

Think there’s a better way to sell your home? So do we. With more than 80,000 5-star reviews on Trustpilot* we’re here for those looking for a smarter way. That means combining the best tech to put you in control of your home sale, while never losing the personal touch. We give you stunning app *and* a team of experts — local knowledge *and* a wealth of data and insights. Oh, and we’ll sell your home for free.

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Disclaimer - Property reference 1411347-1. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Purplebricks, covering Birmingham. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.

Auction Fees: The purchase of this property may include associated fees not listed here, as it is to be sold via auction. To find out more about the fees associated with this property please call Purplebricks, covering Birmingham on 024 7542 7306.

*Guide Price: An indication of a seller's minimum expectation at auction and given as a “Guide Price” or a range of “Guide Prices”. This is not necessarily the figure a property will sell for and is subject to change prior to the auction.

Reserve Price: Each auction property will be subject to a “Reserve Price” below which the property cannot be sold at auction. Normally the “Reserve Price” will be set within the range of “Guide Prices” or no more than 10% above a single “Guide Price.”

*This is the average speed from the provider with the fastest broadband package available at this postcode. The average speed displayed is based on the download speeds of at least 50% of customers at peak time (8pm to 10pm). Fibre/cable services at the postcode are subject to availability and may differ between properties within a postcode. Speeds can be affected by a range of technical and environmental factors. The speed at the property may be lower than that listed above. You can check the estimated speed and confirm availability to a property prior to purchasing on the broadband provider's website. Providers may increase charges. The information is provided and maintained by Decision Technologies Limited.

**This is indicative only and based on a 2-person household with multiple devices and simultaneous usage. Broadband performance is affected by multiple factors including number of occupants and devices, simultaneous usage, router range etc. For more information speak to your broadband provider.

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