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MONTHLY MORTGAGE ESTIMATE

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Guide Price
£300,000

Land
Calthorpe Road, Handsworth, Birmingham

Contact Connells at Bearwood branch for information

T: 0121 420 3611
bearwood@connells.co.uk

Ref: BEA309091


Auctioneer's Comments

This property is offered through Modern Method of Auction. Should you view, offer or bid your data will be shared with the Auctioneer, iamsold Limited. This method requires both parties to complete the transaction within 56 days, allowing buyers to proceed with mortgage finance (subject to lending criteria, affordability and survey).

The buyer is required to sign a reservation agreement and make payment of a non-refundable Reservation Fee of 4.2% of the purchase price including VAT, subject to a minimum of £6,000.00 including VAT. This fee is paid in addition to purchase price and will be considered as part of the chargeable consideration for the property in the calculation for stamp duty liability. Buyers will be required to complete an identification process with iamsold and provide proof of how the purchase would be funded.

The property has a Buyer Information Pack containing documents about the property. The documents may not tell you everything you need to know, so you must complete your own due diligence before bidding. A sample of the Reservation Agreement and terms and conditions are contained within this pack. The buyer will also make payment of £300 inc VAT towards the preparation cost of the pack.

The estate agent and auctioneer may recommend the services of other providers to you, in which they will be paid for the referral. These services are optional, and you will be advised of any payment, in writing before any services are accepted. Listing is subject to a start price and undisclosed reserve price that can change.

Property Details

Calthorpe Road is well placed for all things local. The site is situated to the rear, and accessed to the side, of 7 Calthorpe Road, Handsworth, Birmingham. Calthorpe Road is accessed off Westminster Road, which in turn, leads from the main A4040 Wellington Road off the A34 Birchfield Road. The site sits approximately half a mile from the One Stop Shopping Centre & two miles west of Junction 6 of the M5 motorway.

Services
To Be Confirmed

Tenure: Freehold

Planning Consent: The site has approval - Birmingham C C 2018/04411/PA for a residential development of 5 x 3 detached house's with parking. The houses would appeal to family's and those looking to downsize.

Covenants: TBC

Tenure & Possession: The development is freehold and is being offered for sale with vacant possession upon completion.

Local Authority: Birmingham City Council

Planning Application: Birmingham C C 2018/04411/PA The aforementioned details are set out as a general outline only for the guidance of intending purchasers and do not constitute, nor constitute part of an offer or contract. All descriptions, dimensions, references to condition and necessary permissions for use and occupation and other details are given without responsibility and any intending purchasers should not rely on them as statements or representations of fact but must satisfy themselves by inspection or otherwise as to the correctness.

Method of Sale: The property is being offered via Modern Method Of Auction

Key Features

  • Sale by Modern Auction (T&Cs apply)
  • Subject to an undisclosed Reserve Price
  • Buyers fees apply
  • Planning application 2018/04411/PA
  • Predicted GDV of £1,345,000
  • Birmingham City Council
  • Consent Granted For 5 x 3 Bed Detached House's
  • Contact Simon Senior or Connells Bearwood for further details

Tenure

Freehold

Full Details

Description
Calthorpe Road is well placed for all things local. The site is situated to the rear, and accessed to the side, of 7 Calthorpe Road, Handsworth, Birmingham. Calthorpe Road is accessed off Westminster Road, which in turn, leads from the main A4040 Wellington Road off the A34 Birchfield Road. The site sits approximately half a mile from the One Stop Shopping Centre & two miles west of Junction 6 of the M5 motorway.

Services
To Be Confirmed

Tenure: Freehold

Planning Consent: The site has approval - Birmingham C C 2018/04411/PA for a residential development of 5 x 3 detached house's with parking. The houses would appeal to family's and those looking to downsize.

Covenants: TBC

Tenure & Possession: The development is freehold and is being offered for sale with vacant possession upon completion.

Local Authority: Birmingham City Council

Planning Application: Birmingham C C 2018/04411/PA The aforementioned details are set out as a general outline only for the guidance of intending purchasers and do not constitute, nor constitute part of an offer or contract. All descriptions, dimensions, references to condition and necessary permissions for use and occupation and other details are given without responsibility and any intending purchasers should not rely on them as statements or representations of fact but must satisfy themselves by inspection or otherwise as to the correctness.

Method of Sale: The property is being offered via Modern Method Of Auction

Please note that the marker reflects the centre of the postcode rather than the exact property location.

MONTHLY MORTGAGE ESTIMATE

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*Terms and Conditions apply.

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If you’d like a more accurate view on what your repayments could be book a mortgage appointment.


*PLEASE BE AWARE, THESE RESULTS ARE FOR ILLUSTRATIVE PURPOSES ONLY AND SHOULD NOT BE CONSIDERED AS A MORTGAGE QUOTE. THESE ARE BASED ON A REPAYMENT MORTGAGE AND MAY VARY DEPENDING ON THE TERM AND INTEREST RATE OF YOUR MORTGAGE. LENDER FEES MAY ALSO BE APPLICABLE. IF YOU WOULD LIKE GUIDANCE ON THE RIGHT MORTGAGE FOR YOU, WE RECOMMEND SPEAKING TO ONE OF OUR MORTGAGE CONSULTANTS WHO WILL BE MORE THAN HAPPY TO HELP. **THE 2.12% ANNUAL INTEREST RATE IS BASED ON THE CONNELLS GROUP AVERAGE MORTGAGE INTEREST RATE TAKEN IN 2020 - WHICH IS CORRECT AS AT 16.02.2021.
A BROKER FEE MAY BE PAYABLE UPON MORTGAGE APPLICATION AS WELL AS AN ADMINISTRATION FEE. THE TOTAL FEE PAYABLE WILL DEPEND ON YOUR CIRCUMSTANCES. YOUR MORTGAGE CONSULTANT WILL EXPLAIN ANY FEES APPLICABLE IN YOUR INITIAL APPOINTMENT.

YOUR HOME OR PROPERTY MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE. YOU MAY HAVE TO PAY AN EARLY REPAYMENT CHARGE TO YOUR EXISTING LENDER IF YOU REMORTGAGE.

ALL MORTGAGES ARE SUBJECT TO STATUS AND LENDER CRITERIA. MOST BUY TO LET MORTGAGES ARE NOT REGULATED.

To view this property please contact Connells on

T: 0121 420 3611
bearwood@connells.co.uk

122 Poplar Road, BEARWOOD, West Midlands, B66 4AP

While every reasonable effort is made to ensure the accuracy of descriptions and content, we should make you aware of the following guidance or limitations.

  • (1) MONEY LAUNDERING REGULATIONS Intending purchasers will be asked to produce identification documentation at a later stage and we would ask for your co-operation in order that there will be no delay in agreeing the sale.
  • (2) These particulars do not constitute part or all of an offer or contract.
  • (3) The measurements indicated are supplied for guidance only and as such must be considered incorrect.
  • (4) Potential buyers are advised to recheck the measurements before committing to any expense.
  • (5) Connells has not tested any apparatus, equipment, fixtures, fittings or services and it is the buyers interests to check the working condition of any appliances.
  • (6) Connells has not sought to verify the legal title of the property and the buyers must obtain verification from their solicitor.
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