Oulsnam introduce A great investment opportunity to acquire this two bedroom mid-terraced home For Sale by Modern Method of Auction; Starting bid Price £121,500 plus Reservation Fee. No upward chain. Offering scope for improvement the accommodation comprises; lounge, kitchen, shower room and rear courtyard. E P Rating D
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 Modern Method of Auction, which is operated by West Midlands Property Auctions powered by iam-sold Ltd” or “iam-sold Ltd”
A chance to buy a two bedroom Mid-Terraced property requiring improvement and idealy located within easy accesss to the Town Centre with excellent transport links. Property is offered for sale through the Modern Method of Auction which is operated by iamsold Limited.
Summary
* Lounge with feature fireplace
* Kitchen with fitted oven and hob, space for freestanding appliances, stairs rise to first floor accommodation and door onto the rear courtyard
* Landing
* Two bedrooms
* Shower room comprises wc, shower cubicle & wash hand basin
* Outside rear courtyard area with brick built store and right of access for neighbouring properties with gate and steps to rear access
General information
Services All mains services are connected and central heating to radiators is provided by the wall mounted gas central heating boiler located above the staircase tenure the agent understands the property is Freehold.
Auctioneer 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 (for standard Grade 1 properties). 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 4.2% 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 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
The Partner Agent and Auctioneer may recommend the services of third parties to you. Whilst these services are recommended as it is believed they will be of benefit; you are under no obligation to use any of these services and you should always consider your options before services are accepted. Where services are accepted the Auctioneer or Partner Agent may receive payment for the recommendation and you will be informed of any referral arrangement and payment prior to any services being taken by you.
Lounge (3.63m x 3.35m (11' 11" x 11' 0"))
Kitchen (3.35m x 2.74m (11' 0" x 9' 0"))
Landing
Bedroom One (3.35m x 2.44m (11' 0" x 8' 0"))
Bedroom Two (2.74m x 2.4m (9' 0" x 7' 10"))
Shower Room (2.29m x 1.1m (7' 6" x 3' 7"))
- Two Bedroom mid-terrace
- Requiring modernisation
- Easy access to Town Centre & great transport links
- Subject to Reserve Price
- Sold by Modern Auction
- (T&Cs apply)
- Buyer Fees Apply
- Modern Method of Auction
- E P Rating D
Posted 23/08/23, views 1
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