38 King Edward Street, Wednesbury, West Midlands WS10 8TN

An investment opportunity to acquire a 3 bedroom property requiring some cosmetic upgrading and refurbishment with huge opportunity to add value once renovated.

Located in a highly sought after and popular residential location close to a wide range of local amenities, shops and transport links.

Locally there is a huge demand for BTL properties and this property has the potential to generate a handsome yearly rental income in the region of £12k+ once renovated. Originally a 2 bedroom house and converted into a 3 bedroom, this property also offers the potential to transform the lounge into an additional bedroom and therefore enhancing the rental income as a BTL.

The property in brief comprises of a lounge, dining/living room, kitchen, bathroom, 3 bedrooms and sits on a generous plot offering a large rear garden, patio and seating areas.

Viewings are available as is a walk through video by clicking on the virtual tour.

Auction Details

The sale of this property will take place on the stated date by way of Live streamed auction and is being sold under the Unconditional sale type.

Binding contracts will be exchanged at the point of sale.

All sales are subject to our Common Auction Conditions and Bidder Terms. Properties located in Scotland and Northern Ireland will be subject to applicable local laws.

Auction Deposit and Fees

The following deposits and non-refundable auctioneers fees apply, and are payable immediately upon exchange of contracts:

• 10% deposit (subject to a minimum of £5,000)

• A set Buyer’s Fee of £1,500 inc. VAT

There may be additional fees listed in the Special Conditions of Sale, which will be available to view within the Legal Pack. You must read the Legal Pack carefully before bidding.

Additional Information

For full details about our auction processes, please refer to the Bidder Terms which can be viewed on our home page.

This explains the types of auction and sale methods we offer, the bidding registration process, your payment obligations, and how to view the Legal Pack (and any applicable home report for residential Scottish properties).

Guide Price & Reserve Price

Each property sold is subject to a Reserve Price. The Reserve Price will be within + or - 10% of the Guide Price. The Guide Price is issued solely as a guide so that a buyer can consider whether or not to pursue their interest. A full definition can be found within the Buyers Terms.