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Sell My House Quickly found another interesting article about properties in Birmingham. Two bed flat on sale at Birmingham auction for just £5,000.

The £5,000 property in Grimsby is up for sale in Brum on April 13.

A two-bed flat is on sale at a Birmingham auction - costing just five grand. The £5,000 property in Grimsby is up for sale in Brum on April 13.

A two-bed flat is on sale at a Birmingham auction – costing just five grand. The £5,000 property in Grimsby is up for sale in Brum on April 13.

The first floor flat, on Harrison Street, is being advertised by Taylor James Auctions LTD in Birmingham. The flat, which forms part of a three storey block, is described as requiring ‘some updating throughout’ on the advert on Rightmove.

There is a hallway, bathroom, a living room which leads into a small kitchen, and two bedrooms.

According to the property information on Rightmove, at £5,000 and with a deposit of £500, monthly repayments on a mortgage for this property in Grimsby at 2.8 per cent annual interest would work out at just £21 over 25 years.

The auction will take place online via the company’s website.

Anyone wishing to bid must pre-register no later than 8am on April 13. In March, it emerged the average UK house price has gone past £260,000 for the first time.

Robert Gardner, Nationwide’s chief economist, said:

“A combination of robust demand and limited stock of homes on the market has kept upward pressure on prices.

“The continued buoyancy of the housing market is a little surprising, given the mounting pressure on household budgets from rising inflation, which reached a 30-year high of 5.5% in January, and since borrowing costs have started to move up from all-time lows in recent months. The strength is particularly noteworthy since the squeeze on household incomes has led to a significant weakening of consumer confidence.”

We found this article about Two bed flat on sale at Birmingham auction for just £5,000 on Birmingham Mail. Kindly click the link to read the full story.

At Sell My House Quickly Birmingham, we pay fair prices for any property fast and quick so please feel free to Contact us here for more details.

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