Record year for SDL Bigwood capped by million pound hat trick

Three investment properties, each topping £1 million, are the highlight of SDL Bigwood’s final auction of the year.

Going live at the Holte Suite, Aston Villa, on Thursday 8 December, it features 109 lots, capping a record year for the company with a total of 797 going under the hammer during 2016.

Auction partner Gurpreet Bassi said: “We have a real mixed bag this time with a range of residential, commercial, land, garages, ground rents, vacant and investment lots with guide prices ranging from £1,000 to £1.55 million.

“We are delighted to be offering six lots for Birmingham City Council and various others on behalf of receivers and housing associations.”

The £1.55 million showpiece is Sterling Court, 357 Flaxley Road, Birmingham, a 16-apartment scheme, all let, with a current gross income of £110,040 per annum.

Units 1-9 Arrow Industrial Estate, Straight Road, Willenhall, is on offer at £1.35 million to £1.45 million, a fully let industrial estate with a current rental income of £146,398.

Lockside House, 1008 Yardeley Wood Road, has a £1.22 million guide – a fully let freehold 12-apartment residential investment with a current gross income of £82,080. Its sister property, also fully let, Stratford House, 1010 Yardley Wood Road, six apartments with current gross income of £41,040, is available at in excess of £615,000.

Other intriguing opportunities include the former Highgate Brewery, Mount Road, Walsall, guide price in excess of £850,000, the Old Chapel, St Giles Street, Netherton, which dates back to 1810, in excess of £75,000.

Also, Bar Eleven, 11 New Road, Stourbridge, guide £250,000, originally the Stourbridge Conservative Club, plus 9-11 New Road, Bromsgrove, guide £195,000, town centre offices considered suitable for residential conversion.

A selection of bargain Birmingham homes includes:

  • 128 Selsey Road, Edgbaston, two-bedroom mid-terrace, guide price £50,000,
  • 20 Rodney Close, Ladywood, guide £50,000, four-bedroom end terrace,
  • 120 Knowle Road, Sparkhill, two-bedroom mid-terrace, guide £50,000,
  • 51 Peakhouse Road, Great Barr, extended four bedroom semi-detached, guide £94,000-£99,000,
  • 31 Third Avenue, Bordesley Green, £50,000-£55,000, three-bedroom mid-terrace,
  • 151 Burney Lane, Ward End, three-bedroom end terrace, £58,000-£64,000,
  • 66 Clarence Road, Moseley, in excess of £150,000, three storey semi-detached,
  • 62 Fairway, Northfield, £100,000-£115,000, three-bedroom semi-detached,
  • 123 Beauchamp Road, Billesley, three-bedroom mid-terrace, £65,000-£75,000,
  • 394 Rocky Lane, Great Barr, in excess of £100,000, three-bedroom semi-detached, and
  • 110 Edenbridge Road, Hall Green, £90,000-£100,000, three-bedroom semi-detached.

Country properties include:

  • 8 Ryden Lane, Charlton, near Pershore, guide price in excess of £195,000, three bedroom semi-detached,
  • 77 Worcester Road, Hagley, detached dormer bungalow, in excess of £150,000,
  • The Coach House, 59 Aston Cantlow Road, Wilmcote, Stratford-upon-Avon, two bedroom detached, in excess of £180,000,
  • and 36, 38, 40 and 42 Coleshill Road, Curdworth, four cottages being sold as one lot, current gross income £17,400, £350,000-£375,000.

The auction begins at 11am tomorrow.