Current Bid £60,000

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  • Overview
  • Particulars
  • Request Details
  • Agent Details
  • Fees & Charges

Property Overview

*** IDEAL STARTER HOME or BUY-TO-LET RENTAL PROPERTY *** For Sale by MODERN METHOD of AUCTION: Starting Bid Price £65,000 plus Reservation Fee *** AVAILABLE TO BUYERS WITH MORTGAGES *** 2nd FLOOR APARTMENT with TWO DOUBLE bedrooms *** FOR SALE WITH NO ONWARD CHAIN *** EPC Grade C.

Directions
From Reeds Rains Office turn left onto Queen Street and continue down the hill to Morley Bottoms. Turn left at the traffic lights onto Brunswick Street and proceed up the hill. Turn right onto Victoria Mews and follow the road around to Victoria Court where the block of apartments can be found

Starting Bid and Reserve Price

*Please note this property is subject to an undisclosed reserve price which is generally no more than 10% in excess of the starting bid, both the starting bid and reserve price can be subject to change. Terms and conditions apply to the Modern Method of Auction, which is powered by IAM Sold.

Auctioneer's Comments

This property is for sale by the Modern Method of Auction which is not to be confused with traditional auction. The Modern Method of Auction is a flexible buyer friendly method of purchase. We do not require the purchaser to exchange contracts immediately, however from the date the Draft Contract is received by the buyers solicitor, the buyer is given 56 days in which to complete the transaction, with the aim being to exchange contracts within the first 28 days. Allowing the additional time to exchange on the property means interested parties can proceed with traditional residential finance. Upon close of a successful auction or if the vendor accepts an offer during the auction, the buyer will be required to make payment of a non-refundable Reservation Fee of 4.2% to a minimum of £6,000.00 including VAT 4.2% of the final agreed sale price including VAT. This is subject to a minimum payment of £6,000.00 including VAT. which secures the transaction and takes the property off the market. Fees paid to the Auctioneer may be considered as part of the chargeable consideration for the property and be included in the calculation for stamp duty liability. Further clarification on this must be sought from your legal representative. The buyer will be required to sign an Acknowledgement of Reservation form to confirm acceptance of terms prior to solicitors being instructed. Copies of the Reservation from and all terms and conditions can be found in the Buyer Information Pack which can be downloaded for free from the auction section of our website or requested from our Auction Department. Please note this property is subject to an undisclosed reserve price which is generally no more than 10% in excess of the Starting Bid, both the Starting Bid and reserve price can be subject to change. Terms and conditions apply to the Modern Method of Auction, which is operated by West Yorkshire Property Auction powered by IAM Sold. Reservation Fee is in addition to the final negotiated selling price.

Energy Performance Certificate (EPCs)

Energy Performance Certificates (EPCs) give information on how to make your home more energy efficient and reduce your energy costs. All homes bought, sold or rented require an EPC. EPCs carry ratings that compare the current energy efficiency and estimated costs of energy use with potential figures that your home could achieve. Potential figures are calculated by estimating what the energy efficiency and energy costs could be if energy saving measures were put in place. The rating measures the energy efficiency of your home using a grade from ‘A’ to ‘G’. An ‘A’ rating is the most efficient, while ‘G’ is the least efficient. The average efficiency grade to date is ‘D’. All homes are measured using the same calculations, so you can compare the energy efficiency of different properties.

Property Particulars

ground floor Property Details Forming part of a popular residential development only a short walk from Morley town centre and train station. Ideal purchase for a first time buyer, buy-to let investor or couple. Double glazed windows and electric heating. Intercom entry system. Comprises; communal entrance hall, private hallway, inner hallway, lounge/diner with kitchen area, two double bedrooms and bathroom with a white suite. Designated parking space. Good access to a wide range of amenities at Morley Town Centre and access to transport links. An exciting opportunity not to be missed. Priced to allow for modernisation. FOR SALE WITH NO ONWARD CHAIN. Communal Entrance Hall Secure entrance door. Stairs to the upper floor accommodation. Second Floor Second Floor Landing Doors to all second floor apartments. Secure entrance door. Private Entrance Hall Built-in storage cupboard. Intercom entry phone. Bathroom Fitted with a white suite comprising low flush WC, wash basin and panelled bath with an electric shower. Electric heater. Part tiled walls. Bedroom 1 12' 5" (inc robes) x 8' 8" (inc to 3.50m) (3.78m (inc robes) x 2.65m (inc to 3.50m) ) Double bedroom with large double glazed window and wall mounted electric heater. Bedroom 2 9' 2" x 9' 4" (2.78m x 2.85m ) Another double bedroom with double glazed window, fitted wardrobes and wall mounted electric heater. Kitchen / Living Room 10' 7" x 18' 4" (3.22m x 5.6m ) An open plan space having a wall mounted electric heater, TV aerial point and two double glazed windows. The kitchen area has a range of fitted wall and base units. Laminate work surfaces incorporating a sink and drainer unit. Electric cooker point. Space and plumbing for a washing machine. Exterior There is a designated parking space for the property and also ample visitor parking.

Request full details for this property

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Reeds Rains

Local Branch: 88 Queen Street, Leeds, LS27 9EG
Head Office: -, -,
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Fees & Charges Explained

This property is sold subject to payment of a non-refundable reservation fee of 4.2% to a minimum of £6,000.00 including VAT.

Any successful purchaser will pay this to secure the sale. The reservation fee is in addition to the purchase price. Please take this into account when bidding.

A reservation fee is payable by the buyer only when the seller pays no fees to sell. As sellers pay no fees to sell, this is usually taken into account with a lower reserve price.

This property is being sold under the Modern Method of Auction, which requires the completion of the purchase to be within 56 days, although all reasonable endeavours must be made to exchange contracts within 28 days following the Draft Contract being received by the Buyer's Solicitor.

A non-refundable Reservation fee must be paid by the buyer within 2 hours following the conclusion of the auction or acceptance of an offer. This must be paid by cleared funds to the auctioneer who will issue an acknowledgement of reservation and purchase agreement In the 28 day period following the auction or the date of acceptance of the offer.

Buyer Fees

There are no other fees or charges payable to the Auctioneer however, there are other costs to consider such as:

  • You will need a Solicitor to act for you during the conveyancing and your Solicitor will advise you in relation to the associated costs. If you do not have a Solicitor, we can recommend the services of one of our Panel Solicitors who are all selected for their expertise in Auction Transactions. Please call the number below for more information.
  • Stamp Duty Land Tax (SDLT) is applicable if you buy a property or land over a certain price in England, Wales or Northern Ireland. Please click here for more information.

Need More Information?

For further information or to speak to one of our team, please call 01274 649 684.

Disclaimer

These particulars, whilst believed to be accurate are set out as a general outline only for guidance and do not constitute any part of an offer or contract. Intending purchasers should not rely on them as statements of representation of fact, but must satisfy themselves by inspection or otherwise as to their accuracy. No person in this firms employment has the authority to make or give any representation or warranty in respect of the property.

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