*For Sale By the Modern Method of Auction – Staring Price £50,000 plus reservation fee*
A two bedroom, mid-terrace property in a popular residential area situated off Manchester Road, close to local schools, parks and local amenities. This property presents an ideal investment opportunity with a tenant in-situ.
The property briefly comprises an entrance lobby with stairs leading to the first floor and access to a generous sized reception room. To the rear of the property is a spacious kitchen/diner which houses matching wall, base and drawer units with contrasting work surfaces, a stainless steel sink, electric hob, extractor fan and a useful under stair storage cupboard.
To the first floor is a large landing with access to two generous double bedrooms, both with built in storage and a three piece bathroom housing a low level WC, wash basin and panelled bath with overhead shower.
Externally there is a rear yard which has been astro-turfed.
The property benefits from the modern day comforts of gas central heating and UPVC double glazing.
The lease is 999 years and started in 1890. There are 867 years remaining. The ground rent is 15p per annum.
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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