Property description

For sale by Modern Method of Auction: Starting Bid Price £55,000.00 plus Reservation Fee. This traditional mid terraced home occupies a prime position and is located within walking distance of the town centre it has been converted into two self contained apartments, namely ground and first floor. Please note that the ground floor is currently tenanted £80 per week. The first floor is unoccupied and has been virtually stripped, there are radiators installed but no boiler or gas connected. This property will need some renovation and up-grading but should prove ideal for investors or anyone wishing to modernise a property, it could be converted back to one dwelling or alternatively enhanced to provide two apartments again, it is all under one freehold. There is double glazing throughout and gas central heating to the ground floor. The accommodation comprises a communal entrance, ground floor:- bedroom, lounge, dining area, shower, cloakroom and bathroom. First floor landing, large lounge, bedroom, bathroom and kitchen. To the rear of the property has an enclosed yard.

Auctioneer's Comments

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.

Entrance Hall

Wooden entrance door giving access to both apartments.

Ground Floor Apartment

Entrance door.

Bedroom (4.410m x 3.266m (14'5" x 10'8"))

Double glazed bay window. Radiator.

Lounge (3.943m x (12'11" x ))

Double glazed window. Adam style fire surround housing an electric fire as fitted. TV point. Radiator.

Dining Area (3.943m x 3.734m (12'11" x 12'3"))

Open plan to the kitchen. Access to the shower and cloakroom.

Shower

Enclosed shower enclosure with wall mounted shower as fitted.

Cloakroom

Low level W.C. Wash hand basin.

Kitchen (2.481m x 2.773m maximum (8'1" x 9'1" maximum))

Range of base units with cupboards and drawers. Wall mounted cabinet. Two double glazed windows. Gas cooker. Single drainer sink unit. Plumbing for a washing machine. Space for a fridge.

Stairs To First Floor

Landing with access to all rooms.

First Floor Apartment

Lounge (5.262m x 3.713m (17'3" x 12'2"))

Spacious room. Double glazed window. Radiator.

Bedroom (3.940m x 3.840m (12'11" x 12'7"))

Double glazed window. Radiator. Pedestal wash hand basin.

Bathroom

Modesty double glazed window. Panel bath. Low level W.C.

Kitchen

Base and wall mounted cabinets. Electric cooker point.

Externally

To the rear there is an enclosed yard.

Tenure

We understand from the vendor that the property is freehold. We would however recommend that your solicitor check the tenure prior to exchange of contracts.

Need To Sell?

For a free valuation please call or e-mail and we will be happy to assist.
Amenities

For Sale By Modern Method Of Auction

Mid Terrace Split Into 2 Self Contained Apartments

In Need Of Some Modernisation

Ideal For Investors

Central Location

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