Lot 2 - 27 Valley Road, Walsall, West Midlands, WS3 3EU

  • Unconditional Online Auction Sale
  • Guide Price* : £160,000+
  • Bedrooms: 6
  • Bathrooms: 2
  • Reception Rooms: 1

A fully tenanted six bedroom, two bathroom HMO with a five year guaranteed rent agreement in place producing £21,300 per annum

Description

• Freehold mid terrace house
• Benefits from a large rear garden
• Large communal living space
• Guaranteed rent agreement in place for 5 years
• Rental increases with rent guaranteed up to £23,400 per annum by year 4
• Impressive 13.3% net yield on guide price

Location

Situated on the well-connected Valley Road in Walsall, the property benefits from convenient access via the A34 and A4124, providing direct routes to Walsall town centre, Manor Hospital, and the University of Wolverhampton. Set within a well-established residential area, it is close to a range of local amenities including shops, schools, and parks.

Transport links are provided by both Walsall and Bloxwich Rail Stations.

Auctioneer Notes

Internal Images
Buyers should note that the internal images have been provided by the seller. These pictures were taken prior to the 5 year rental agreement starting. The auctioneers have not had the opportunity to the property prior to marketing the property for auction.

HMO Compliance

- HMO License
- EICR
- Gas Safety Certificate
- Fire Risk Assessment
- Emergency Lighting Test
- Fire Alarm Test Certificate
- Boiler Certificate

Please see legal pack for copies of these documents

Tenancy Details

Tenancy agreement dated 9th April 2025 for 5 years until 9th April 2030. Rental income £1,775 per calendar month for the first 12 months.

Rental increase schedule:
Year 1 – April 2025 - £1,775 - 0-12 Months
Year 2 – April 2026 - £1,800 - 0-12 Months
Year 3 – April 2027 - £1,800 - 0-12 Months
Year 4– April 2028 - £1,950 - 0-12 Months
Year 5 – April 2029 - £1,950 - 0-12 Months+

Vendors Solicitor
Lucy Hilton
0161 308 3928

* Guide Prices are provided as an indication of each seller's minimum expectation (also known as the 'Reserve Price'). This is not necessarily a figure which a property will sell for and may change at any time prior to the auction. Every property will be offered subject to a Reserve Price (this is the sellers minimum expectation) which will be set within either a Guide Range or no more than 10% above a single figure Guide Price.

The Buyers Administration Fee of £1,500 (inclusive of VAT) is a separate charge payable in addition to the price a Lot sells for. In addition, the Guide Price does not include VAT on the sale price, or any additional costs, charges or encumbrances that might apply to some Lots and/or some buyers. The Special Conditions of Sale of the seller, and any applicable Addendum, will state if there are other costs, charges or encumbrances and whether the seller has elected to charge VAT on the sale price.

To participate in the sale, HMO X Auctions must hold a minimum amount from all bidders. This participation amount and administration fee are fully refundable in the event that you are not the successful purchaser. For example, a participation fee of £5,000 comprises £3,500 relating to your bidder security (which forms part of your 10% deposit payment) and the buyers administration fee of £1,500 (inclusive of VAT).

Please note that Lots may be sold or withdrawn prior to auction without prior notice.

Any information provided by HMO X Auctions or the seller, whether in writing or orally, does not constitute a representation, condition, or warranty. The information given is for illustrative purposes only and should not be considered as fact. Any mistakes, omissions, inaccuracies, or mis-descriptions in the information provided will not give rise to any legal action or compensation against HMO X Auctions or the seller.

All bidders must satisfy themselves by carrying out their own independent due diligence, inspections or otherwise as to the correctness of any and all of the information, statements, descriptions, quantity or measurements contained in any such sales particulars, webpage, brochure, catalogue, email, letter, report or hand out issued by or on behalf of HMO X Auctions or the seller.

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Vendors Solicitor

Lucy Hilton
0161 308 3928

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