Nestled away in a quiet cul-de-sac is this 3 bedroom development project. Formally a family home for the same family for many years, now offering excellent opportunity for an investor, developer or private homeowner alike.
The property comprises of 3 bedrooms, lounge kitchen/diner and family bathroom. The rear garden is secured by surrounding boundary fencing and is mainly laid to lawn. Although some improvements have been already made there is still much scope to add potential improvement and an early pledge of interest would be advisable.
*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 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 (subject to lending criteria, affordability and survey).
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 £300.00 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.
Lounge 15' 9" x 11' 4" ( 4.80m x 3.45m ) A Double glazed bay window faces to the front aspect of the property, offering natural day light within the room. There is a chimney breast that currently has an electric fire fitted and there are wall mounted radiators. Kitchen 15' 9" x 11' ( 4.80m x 3.35m ) The current owner has started to make improvements within this space by removing old base units, replacing with new, albeit only completed in part. There is space for appliances such as Washing machine, Gas hob and Electric double oven. The kitchen extends in width to include storage space for pantry items and the boiler. The floor has been recently covered with Grey Laminate flooring and the kitchen has been re-wired throughout with the ceiling having been plastered and spot lights fitted. There are double glazed sliding doors leading to the rear garden, where access via a side rear door to the garage can be utilised and a double glazed window facing rear over the garden. Bedroom 1 12' x 9' 5" ( 3.66m x 2.87m ) Bedroom 1 offers ample space for a double bed, has a front facing Double glazed window and full width fitted wardrobes, wall mounted radiator completes this room. Bedroom 2 8' x 7' ( 2.44m x 2.13m ) Rear facing double glazed window. Bedroom 3 9' x 7' 9" ( 2.74m x 2.36m ) Rear facing Double glazed window Bathroom 6' 5" x 6' 2" ( 1.96m x 1.88m ) The bathroom offers some retro features that some may want to retain, others improve upon, regardless there is currently a bath, sink and WC. A double glazed window faces to the side of the property. Entrance Hallway The Entrance Hallway is accessed via a UPVC double glazed door and has doors leading to the Lounge, kitchen and allows passage to the first floor via the stair case. There is recess allowing for coat storage. Outside The rear garden is secured by surrounding boundary fencing and is mainly laid to lawn and the property benefits from driveway parking for 3 cars, single garage and car port. The garden to the front of the property is also laid to lawn.
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 £300.00 (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 020 3859 2499.
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.