*FOR SALE BY MODERN METHOD OF AUCTION* Starting bid £40,000

For the attention of developers, and investors. Mid-terrace dwelling situated in a popular residential area located close to local schools and amenities.

The accommodation is arranged over two floors. On the ground floor is a good-sized lounge, under stairs storage cupboard, and stairs providing access to the first floor. There is a large separate kitchen. To the right-hand side of the kitchen is a hallway leading out to the enclosed rear yard. There is also a downstairs WC.

On the first floor, there is an excellent-sized double bedroom to the front and a second bedroom to the rear. A family bathroom comprising a low-level W.C, pedestal hand wash basin, and a paneled bath.

This property is in need of a full program of refurbishment.

For Sale by Modern Method of Auction; Starting Bid Price £40,000 plus Reservation Fee.

This property is for sale by the Modern Method of Auction. Should you view, offer or bid on the property, your information will be shared with the Auctioneer, iamsold Limited.

This method of auction requires both parties to complete the transaction within 56 days of the draft contract for sale being received by the buyers solicitor. This additional time allows buyers to proceed with mortgage finance. The buyer is required to sign a reservation agreement and make payment of a non-refundable Reservation Fee. This being 4.2% of the purchase price including VAT, subject to a minimum of £6,000.00 including VAT. The Reservation Fee 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 which is a collection of documents in relation to the property. The documents may not tell you everything you need to know about the property, so you are required to complete your own due diligence before bidding. A sample copy of the Reservation Agreement and terms and conditions are also contained within this pack. The buyer will also make payment of £300.00 including VAT towards the preparation cost of the pack, where it has been provided by iamsold.

The property is subject to an undisclosed Reserve Price with both the Reserve Price and Starting Bid being subject to change.

This property is no longer available

Floorplans

2 bedroom terraced house for sale