A unique opportunity awaits buyers in Birmingham, where a two-bedroom semi-detached house at 7 Mossvale Grove, Saltley, is up for auction with a starting guide price of just £1. However, prospective owners should be prepared for significant refurbishment costs.
The property, built before the Second World War, is a vacant leasehold with over ten years remaining on its 99-year lease, which began in March 1937. Auctioneers Bond Wolfe are handling the sale, with the auction scheduled for December 10.
Gurpreet Bassi, CEO of Bond Wolfe, emphasized the rare nature of such a low guide price, explaining that it accurately reflects the extensive work the home requires to reach its full potential. He noted the property’s appeal to investors and landlords looking to expand their portfolios, anticipating strong bidding competition.
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Set back from the road behind a front garden, the house includes an outbuilding and a shed in the rear garden. Inside, the layout features a porch, hall, reception room, kitchen, and a shower room with a toilet on the ground floor. Upstairs, there are two bedrooms, a box room, and a bathroom.
Viewing opportunities will be organized on a block basis starting from November 20, with times and dates available through Bond Wolfe. Interested buyers can also submit offers exceeding the guide price before the auction date.
Bond Wolfe’s upcoming auction will showcase numerous properties, with the event commencing at 8:30 a.m. on Wednesday, December 10. The auction will be livestreamed on Bond Wolfe’s website and offers remote bidding options via proxy, telephone, or internet.
For further information and registration to bid, visit Bond Wolfe’s website, or contact their auction team by email or phone.