Unsold. Please refer to Auctioneer for Reserve.

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A lifetime tenancy investment

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Description/Location

A freehold 2 bedroom semi detached bungalow with a current vacant possession value of around £160,000. We are selling a 50% interest on a lifetime tenancy basis. The joint tenants are male aged 74 and female aged 69.

External viewings only

Tenure

Freehold

Joint Agent

Network Auctions - 020 7871 0420

Local Authority

Birmingham City Council

Office Contact

Please contact Network Auctions on 020 7871 0420

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*Guide Price & Reserves

Generally speaking Guide Prices are provided as an indication of each seller’s minimum expectation. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Virtually every property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide.

The “Important Notes For Auction Buyers” at the front of the catalogue includes a definition of “Guide Price & Reserve Price”. All properties are subject to a purchaser’s administration fee of £1,500 + VAT unless otherwise stated in the addendum (£420 inc VAT for lots with guide prices up to £3,000). If the purchaser is liable for any further costs these will be stated within the Special Conditions of the legal pack, that have been produced by the seller’s lawyer, a copy of which can be downloaded from our website.