![](\"https:\/\/www.europesays.com\/uk\/wp-content\/uploads\/2025\/09\/0_kings-heath1JPG.jpg\")
1 High Street, Kings Heath(Image: Bond Wolfe)<\/p>\nThe cash-strapped authority made \u00a31.5million in half-an-hour when it sold three properties at an auction fire sale1 High Street, Kings Heath(Image: Bond Wolfe)<\/p>\n
Skint Birmingham City Council has sold a property in its portfolio for three times its estimated value.<\/p>\n
The cash-strapped authority made \u00a31.5million<\/a> in half-an-hour when it sold three properties at an auction fire sale on Thursday, September 11.<\/p>\n But the stand-out sale was a former therapy centre at 1 High Street Kings Heath<\/a>, which sold for a massive \u00a3920,000 – three times the amount of its original guide price.<\/p>\n READ MORE: <\/strong>Skint Birmingham City Council makes \u00a31.5m in half-an-hour from auction fire sale<\/strong><\/a><\/p>\n The three-storey detatched property, which also described as a former ‘healing centre’, was advertised as being potentially suitable for alternative uses or redevelopment, subject to planning.<\/p>\n The property occupies a prominent spot on the corner of Kings Heath High Street and Valentine Road and is located directly opposite the suburb’s upcoming train station.<\/p>\n The council also sold ‘The Base’ – a community centre at the corner of Ward End Park Road and Foxton Road, Washwood Heath – for \u00a3188,00<\/p>\n Freehold land at Umberslade Road, Selly Oak<\/a>, measuring around 51,000 sq ft, was also the subject of fierce bidding.<\/p>\n The hammer finally fell at \u00a3405,000 – just over \u00a3100,000 more than its original guide price of \u00a3300,000.<\/p>\n In total, the three lots raised \u00a31,513,000 for the council.<\/p>\n It comes after the council netted \u00a32.5m at auction in July<\/a> after selling a string of assets and a massive \u00a35.5m in May<\/a>.<\/p>\n Gurpreet Bassi, chief executive of Bond Wolfe which organised the auction, said: “There is clearly tremendous demand for these strategic sites that the council is releasing on to the market.<\/p>\n \u201cOnce again, we had huge interest in all three lots prior to auction day and we are delighted to have achieved such strong results.<\/p>\n “This bodes well for our remaining two auctions this year, with the next one starting at 8.30am Thursday, October 23.”<\/p>\n The auction will be livestreamed on Bond Wolfe\u2019s website with remote bidding by proxy, telephone or internet.<\/p>\n","protected":false},"excerpt":{"rendered":"The cash-strapped authority made \u00a31.5million in half-an-hour when it sold three properties at an auction fire sale1 High…\n","protected":false},"author":2,"featured_media":415937,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7820],"tags":[855,748,393,4884,16821,16,15],"class_list":{"0":"post-415936","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-birmingham","8":"tag-birmingham","9":"tag-britain","10":"tag-england","11":"tag-great-britain","12":"tag-kings-heath-and-stirchley","13":"tag-uk","14":"tag-united-kingdom"},"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@uk\/115186006400114220","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts\/415936","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/comments?post=415936"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts\/415936\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/media\/415937"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/media?parent=415936"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/categories?post=415936"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/tags?post=415936"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}![](\"https:\/\/www.europesays.com\/uk\/wp-content\/uploads\/2025\/09\/1757598858_995_0_kings-heath1JPG.jpg\")
1 High Street, Kings Heath(Image: Bond Wolfe)<\/p>\n