Stone-built mid-terrace property in the heart of Colne. Close to local amenities, bus stops, and a short walk to Colne Town Centre. Perfect for investors looking to add their own stamp or to start/grow their portfolio.
On the ground floor, the property briefly comprises a garden forecourt, living room with a gas fire, dining room with a gas fire and useful understairs storage, galley kitchen with matching wall, base and drawer units with a stainless steel sink/drainer, and a private enclosed rear yard.
On the first floor, there are two double bedrooms, a stylish three-piece bathroom suite comprising a low-level WC, pedestal hand wash basin, and paneled bath with an overhead shower. There is a third bedroom with a skylight to allow in natural lighting.
There is fantastic potential to create the ideal family home. There is potential to achieve £575-£600 PCM once the works have been complete.
For Sale by Modern Method of Auction; Starting Bid Price £50,000 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. Read more
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