This two bedroom mid-terrace property is to be sold by the Modern Method of Auction. Requiring some modernisation and renovation work, this property would be ideal for an investor. The property comprises of a lounge, separate kitchen, two bedrooms and a house bathroom. Externally, there is a yard area to the rear.
*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.
This property is offered through Modern Method of Auction. Should you view, offer or bid your data will be shared with the Auctioneer, iamsold.
This method requires both parties to complete the transaction within 56 days, allowing buyers to proceed with mortgage finance.
The buyer is required to sign a reservation agreement and make payment of a non-refundable Reservation Fee of 4.2% of the purchase price including VAT, subject to a minimum of £6,000.00 including VAT. This is paid in addition to purchase price and will be considered as part of the chargeable consideration for the property in the calculation for stamp duty liability.
Buyers will be required to go through an identification verification process with iamsold and provide proof of how the purchase would be funded.
This property has a Buyer Information Pack containing documents about the property. The documents may not tell you everything you need to know, so you must complete your own due diligence before bidding. A sample copy of the Reservation Agreement and terms and conditions are contained within this pack.
The buyer will also make payment of £220.00 including VAT towards the preparation cost of the pack.
The Partner Agent and Auctioneer may recommend the services of third parties to you, in which they may be paid for the referral. These services are optional and you will be advised of any payment, in writing, before any services are accepted.
Listing is subject to a start price, and hidden reserve price that can change.
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.
Entrance Hall Enter the property into the Entrance Hall, with door to living room and stairs to the first floor accommodation. Living Room 14' 47 x 11' 14 ( 4.27m 47 x 3.35m 14 ) Living room with electric fire and surround, window to the front of the property and built in storage cupboard in the alcove. Finished with carpeted flooring. Kitchen 11' 35 x 8' 39 ( 3.35m 35 x 2.44m 39 ) The kitchen is fitted with wall and base units, sink unit, electric cooker and space for fridge-freezer. Window and door to the rear of the kitchen, providing access to the rear yard. Storage Cellar Landing Providing access to the bedrooms and house bathroom Bedroom 1 11' 11 x 8' 96 ( 3.35m 11 x 2.44m 96 ) This good sized double bedroom has plenty room for a double bed and typical bedroom furniture, with window to the rear of the property. Finished with central heating radiator and carpeted flooring. Bedroom 2 12' 10 x 8' 48 ( 3.66m 10 x 2.44m 48 ) This is another good sized double bedroom, with plenty room for a double bed and typical bedroom furniture, with window to the front of the property. Finished with laminate wood flooring, central heating radiator and double glazed window. Bathroom With white three piece suite, comprising of bath with shower over, w/c and wash hand basin. Finished with frosted window to the front of the property, laminate flooring, central heating radiator and storage cupboard. Exterior To the rear of the property there is an enclosed patio and rear yard area.
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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.
If the Buyer Information Pack has been produced and provided by iamsold any successful purchaser will be required to pay £220.00 (including VAT) towards the cost of the preparation of the pack. These can then be used by your solicitor to progress the sale.
There are no other fees or charges payable to the Auctioneer however, there are other costs to consider such as:
For further information or to speak to one of our team, please call 01274 649 684.
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.