Lot 7 - 61 Alton Road, Birmingham, West Midlands, B29 7DX
- Unconditional Online Auction Sale
- Guide Price* : £315,000 plus
- 7 person HMO, with the licence expiring on 26th August 2030
- Great location
- Some refurb required
- Potential to improve
- Let at the equivalent of £30,940
On Behalf of the Court Appointed Receiver: Property in use as a 7 bedroom HMO sold subject to a commercial lease at a rent of £30,940 per annum.
Description
The property comprises a mid-terrace house which is in use as a 7 bedroom HMO, with a current HMO licence expiring in August 2030. It is currently le to a limited company at a rent equivalent to £30,940 per annum for 3 years from 1st August 2025.
The ground floor has an entrance hall, 2 bedrooms, located at the front and rear of the property, a shower room and a kitchen/sitting room, the first floor has a landing, a further 3 bedrooms with a shower room and the converted attic space has 2 bedrooms and a shower room. The kitchen features Velux windows and within the garden is a brick outbuilding (we were unable t inspect as locked and no keys available).
Central heating is via a gas combi boiler.
The seller has not verified the current planning status, but the previous managing agents have provided evidence of past use as an HMO for some years and before the date when Article 4 provision where implemented city wide (Copy HMO Licences since 2014 and tenancy information from 2019).
Location
The property is located in the Bournbrook district of Birmingham, approximately 2.75 miles south of the city centre, but close to Selly Oak with the University of Birmingham’s main Edgbaston campus just 330m to the north and the Queen Elizabeth Hospital is within 0.75 miles. As such the area is very popular as a location for private rented accommodation, HMOs that cater mainly for students, hospital workers and young professionals.
There are good transport links, with Birmingham city centre accessible in 10 to 15 minutes (Selly Oak rail station is located 500m to the west of the property and bus routes along the nearby A38 Bristol Road) and local parks, shops, bars and restaurants all within walking distance.
Tenure
Freehold
Accommodation
Ground Floor Entrance hall, 2 bedrooms, bathroom and a kitchen/sitting room- 52 sq. m (559 sq. ft)
First Floor Landing, 3 bedrooms and a bathroom- 41 sq. m (441 sq. ft)
Attic Landing, 2 bedrooms and shower room- 30 sq. m (323 sq. ft)
Total: 123 sq. m (1,323 sq, ft).
The outbuilding was locked on the day of inspection, and we were unable to record the measurements, but from an external measure we would estimate it at 15 sq. m (161 sq. ft).
Outside
To the front is a small, paved area enclosed with masonry walls and metal railings, at the rear of the property
is an enclosed garden that is low maintenance, paved enclosed with timber fences. Parking is on streetd.
Tenancies
The entire property is let on a tenancy for 3 years from 1st August 2025. The tenant is ZX Housing Limited and the rent reserved is £2,578.33 per month, equivalent to £30,940 per annum. The tenancy document used is a law society short form lease, not an AST. We cannot confirm if the tenancy is classed as a business tenancy or as a common law contractual tenancy and as far as we can see it has not been contracted out of the security of tenure provisions of the Landlord and Tenant Act 1954 (should that apply). However from our inspection it appeared the use was purely residential. Interested parties should form their own view and they should obtain their independent professional advice is required.
EPC
D
Council Tax Band
B
Buyers Administration Fee
There will be a Buyer's Administration Fee of £3,000 (inc VAT) payable upon exchange of contracts.Additional Information
1. The information contained within the Particulars are given in good faith, but all descriptions, statements, dimensions ( these may have come from a third party source e.g. the seller, valuation reports or historic sales particulars), references to condition and permissions for the use and occupation or other details are made without responsibility and should not be relied upon as representation of fact.
2. If a video walk through, or any other form of virtual tour, is provided whilst every effort is made to accurately give an overview of the property we cannot give any warranty concerning the nature, and condition of the property and the suitability thereof for any and all activities and use. The video, or tour, is provided to assist only and without responsibility and should not be relied upon as representation of fact, or replace all appropriate due diligence a prudent purchaser would make.
3. The property is being sold under Proceeds of Crime legislation. Please see Legal Pack for further details.
* 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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