1 bedroom flat for sale

+ + + FOR SALE BY MODERN METHOD OF AUCTION :- Starting Bid Price £80,000 plus Reservation Fee + + + APPROX 106 YEARS REMAINING ON LEASE + + + INVESTMENT OR TO "LIVE IN" + + + GROUND FLOOR ONE BEDROOM APARTMENT WITH OWN FRONT DOOR & ALLOCATED PARKING SPACE & NO UPWARD CHAIN + + + EP RATING - D - This property is for sale by The West Midlands Property Auction powered by iam-soldThis 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.* Modern Method Of Auction (ts & cs apply)* No Upward Chain* One Bedroom Ground Floor Apartment* Connected Kitchen / Living Room Areas* Shower Room* Allocated Parking SpaceTenure:- Understood to be Leasehold with approximately 106 years remaining but this can be verified with your solicitorGround rent believed to be approximately £75 per annum.Agent awaits confirmation of Council Tax Band - Understood to be APrivate Entrance HallLounge / Kitchen - 6.12m x 4.22m (20'1" x 13'10")Bedroom - 3.73m x 3.1m (12'3" x 10'2")Shower Room - 2.11m x 2.03m (6'11" x 6'8")NB – Agents Disclaimer Note:- (a) These sale particulars are for guidance only, and Robinson Estates cannot guarantee their complete accuracy, nor do the particulars constitute a contract or part of a contract. (b) Any measurements given are approximate, and purchasers should verify the measurements for themselves especially before ordering furniture or floor coverings as well as the layouts provided on a floorplan. (c) All purchasers must obtain verification surrounding any point of concern from their solicitor . (d) Robinson Estates have not tested any apparatus, equipment, fixtures and fittings or services and so cannot verify that they are in working order. Verification can be obtained from a solicitor or surveyor. (e) Items shown in photographs are not included in the sale unless specifically mentioned within the sales particulars; certain items may be available by separate negotiation. (f) All prospective viewers must check the availability of the property before travelling to see it, and before making an appointment to view.Money Laundering Obligations - All purchasers will be asked to produce identification documentation and will be subject to an Anti-Money Laundering check (more details available upon request)Tenure:- The seller advises us of the tenure of the property as is stated above. We have not seen title deeds and cannot verify the title to the property nor covenants, charges, or rights of way affecting title. Tenure details are subject to confirmation through the solicitor of the vendor(s), and purchasers must verify tenure details through their solicitor.Referral Fees :- All customers should be aware that in addition to the commission/fee received from a vendor we may also receive a referral from other service providers for recommending their services to vendor or purchasers.There is no obligation for any party to use the services offered however if you choose to use them then we confirm we would expect to receive a referral fee from them as shown on our website.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 (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. This being 4.5% of the purchase price including VAT, subject to a minimum of £6,600 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.
Referral Arrangements
Should you opt to use Conveyancing Services recommended by iamsold or the Partner Agent, please be advised that the iamsold will receive payment of up to £450.00 from the Conveyancing Provider for that recommendation where the services are taken, and a sale completes. It is important to note that recommended services are optional, and you should consider your options carefully before accepting any recommended services.