Is This Birmingham’s Cheapest Property? (£40k for a two bed!)

With the increase in property values and rush to beat the Stamp Duty holiday, buyers are keen to bag a bargain. But this two-bedroom first floor maisonette being sold by Network Auctions offers buyers the chance to get on the housing ladder for a fraction of the price.

324B Golden Hillock Road, Sparkbrook occupies the first floor of an attractive semi-detached building, situated in a popular South Birmingham location with good schools and Small Heath Station close by. Excluding shared ownership arrangements, it’s one of the cheapest properties on the market with a guide price of just £40,000+. Properties in the local area sell for upwards of £150,000. The auctioneer does say the property would benefit from refurbishment, but it offers 667sq. ft. for the new owner to improve.

Toby Limbrick, auctioneer, says ‘This is a good sized two-bedroom property with its own private entrance which will appeal to owner occupiers and also investors. We estimate the rental, after refurbishment, to be £550 pcm.’

The property is leasehold: 75 years from 25/3/1975.

The property will be sold online on 10th December by Network Auctions. For more information, www.networkauctions.co.uk