Lot 3 - 29 Two Gates, Halesowen, West Midlands, B63 2HY
- Unconditional Online Auction Sale
- Guide Price* : 250,000
- Bedrooms: 6
- Bathrooms: 6
- Reception Rooms: 0
FOR SALE BY PUBLIC AUCTION- Six Bed, Six Bath HMO
Description
For Sale By Public Auction
This property in Halesowen is a high-spec 6-bedroom HMO (House in Multiple Occupation), each with en-suite bathrooms and food prep areas. This property has maintained high occupancy and is an ideal investment opportunity. The house is located on a quiet street in the B63 area, attractive to professional tenants working in the Black Country and Birmingham outskirts.
The ground floor features 2 studio rooms with open-plan living areas, while the first floor has 4 additional rooms, all fully furnished with en-suites and kitchen facilities.
The property offers a family-like atmosphere, with tenants maintaining tidy communal areas. Utility bills are included in the rent, and energy-efficient systems are in place to minimize costs. The location is convenient, with ample on-road parking and easy access to local amenities.
• Room 1 – £495, moved in on 27/09/2022, now on a periodic tenancy.
• Room 2 – £495, moved in on 21/02/2025, under a new AST.
• Room 3 – £500, moved in on 16/01/2025, under a new AST.
• Room 4 – £450, moved in on 15/02/2023, now on a periodic tenancy.
• Room 5 – £575, moved in on 16/05/2024, now on a periodic tenancy.
• Room 6 – £500, scheduled to move in on 04/09/2024, under a periodic tenancy.
Please download the legal pack on the Benjamin Stevens AUCTIONS website.
Buyers Administration
Fee Applies upon the fall of the hammer, the Purchaser shall pay a 10% deposit
(subject to minimum of £5,000, whichever is the greater) and a Buyers
Administration Fee of £2,000 and contracts are exchanged.
The purchaser is legally bound to buy and the vendor is legally bound to sell the Property/Lot.
The auction conditions require a full legal completion 28 days following the
auction (unless otherwise stated in the legal pack or on the sales details).
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* Generally speaking Guide Prices are provided as an indication of each seller's minimum expectation, i.e. 'The Reserve'. 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.
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