FOR SALE VIA HALFORD AND HOMES UNDER THE HAMMER ONLINE AUCTION
AUCTION STARTS (MAY 26, 2020 12:00 pm)
Three bedroom attached house in Peverell
EPC Grade E
Two reception rooms
Courtyard with block built shed and W/C
Potential for a multitude of uses
Hyde Park - Peverell location
Fantastic Investment opportunity
No Onward Chain - Vacant possession
HALFORD AND HOMES - UNDER THE HAMMER 01752 418104
AUCTION GUIDE PRICE 125,000+
PEVERELL - POTENTIAL TO IMPROVE - FOR SALE VIA ONLINE AUCTION - AUCTION STARTS ON MAY 26TH AT MIDDAY
This unique three bedroom attached property is located at the start of Hyde Park shopping parade in Peverell. The house has been very well maintained however would benefit from cosmetic upgrading. Internally the accommodation to the ground floor comprises of bay fronted lounge, dining room and fitted kitchen. The first floor includes three bedrooms and bathroom. Externally the property has a small front garden and rear courtyard with block built shed and w/c.
Whilst the house is currently a residential dwelling it poses potential to a multitude of purposes subject to planning permission. Some might split the property into two flats to maximise the potential income whilst others might see the benefit of converting into a commercial premises. It will be the buyers responsibility to take steps to ensuring any of these outcomes will be possible.
Other benefits to the house include double glazing and gas central heating, we strongly recommend a viewing to appreciate the size and potential available at this house.
Please call us on 01752 418104 to arrange an internal viewing.
AGENT NOTE - Whilst we ask purchasers to make their own research in connection to financing a purchase, due to the location of the property, being in proximity to a take away, it is unlikely the property will be mortgageable. This property will be more suited to cash purchasers.
AUCTIONEERS NOTE - The deposit for exchange of contracts on this property is 5% subject to a minimum of £5,000.
The completion period for this property is 8 weeks (56 days)
STARTING BID AND RESERVE PRICE - *The Reserve Price is the minimum price at which the auctioneer is authorised to sell the lot at auction which is generally no more than 10% in excess of the guide price. The lot may be sold to the highest bidder at or above the Reserve Price but the auctioneer is not authorised to accept a bid below the Reserve Price. Reserve prices are subject to change up to the date of the auction. Please note that Lots may be withdrawn prior to the end of auction
DISCLAIMER - 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 firm’s employment has the authority to make or give any representation or warranty in respect of the property.
TERMS OF SALE -
UNCONDITIONAL ONLINE AUCTION DETAILS - If the reserve is met or exceeded when the auction ends, the successful bidder will be charged a 5% deposit (subject to a minimum of £5,000) and exchange of contracts will take place immediately. At this point, you will be legally bound to buy the property for the full purchase price. The deposit will contribute towards the purchase price.
The sale of this lot is subject to an auction administration fee, the greater of £2,500 + VAT or 1.75% +VAT of the purchase price, which is payable at the end of the auction.
TIMESCALE - This property allows the purchaser up to 56 days to complete the purchase. Which means interested parties can proceed with traditional finance (Subject to prior arrangement).
LEGAL PACK/AUCTION PACK - Once you have registered your account the legal pack will be available to download. Special conditions may apply. We strongly recommend buyers familiarise themselves with the legal pack prior to bidding and advise for you to clarify any information with your solicitor. If you are not entirely happy with the information in the legal pack our advice is ‘Do Not Bid’. If you do bid, you will be bound by any matters that may arise.
BIDDING TERMS - Any bid placed within the last 2 minutes will activate the first time extension, back to 2 minutes. When the clock reaches 0 seconds (fall of the hammer), if the reserve is met or exceeded and you are the winning bidder, you will automatically be charged a minimum of £8,000 (using the payment details provided at the registration stage) which includes the deposit and auction administration fee.
By placing a bid, you are authorising the auctioneer to sign the contract of sale on your behalf.
BUYER FEE - The purchase of this property may include associated fees not listed here. Any additional fees will be confirmed in the legal pack which can be downloaded or to find out more about any additional fees associated with this property please contact the auction office.