A spacious three-bedroom semi-detached house in Birmingham’s Northfield suburb is heading to auction with a starting guide price of only £25,000. Located at 105 Nigel Avenue, this leasehold property requires extensive refurbishment, making it an ideal project for buyers looking to add value.
The home features two large double bedrooms, one smaller single room, a hallway, two reception rooms, a kitchen, a landing, and a bathroom. Notable period details include original fireplaces, dado rails, and a wooden staircase that enhance its character. Outside, there is a generous rear garden with a shed, a front garden with potential for driveway conversion (subject to permissions), and a separate garage accessible via a nearby back road.
Despite its rundown condition, similar homes in the neighborhood have recently sold for as much as £245,000, offering considerable upside for savvy investors or families willing to renovate.
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This leasehold property carries a ground rent of just £10.50 per year, but with only seven years remaining on the 99-year lease, potential buyers should consider lease extension options.
The auction takes place on Thursday, May 14, during Bond Wolfe’s 50th auction event, beginning at 8:30 am. Interested bidders can register through the Bond Wolfe website or contact the auction house directly. The event will also be livestreamed with options for remote bidding by proxy, telephone, or internet.
Craig Upton, Marketing Director at Bond Wolfe, noted, “This property represents an excellent opportunity due to its low guide price driven by the need for full renovation. The separate garage and potential for off-street parking add further appeal."
For registration and more details, visit www.bondwolfe.com/auctions/properties or contact [email protected].