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Auction Guide   |   Ref: 31662544


Oak Street, Colne

  •   3 Bedrooms
  •   1 Bathrooms
  •   2 Receptions

**For Sale By The Modern Method Of Auction - Starting Price Of £50,000 plus reservation fee**
Located in a popular…


Key features

  • For Sale By The Modern Method Of Auction
  • Two Reception Rooms
  • Two Bedrooms
  • Attic - Potential Third Bedroom
  • Gas Central Heating
  • UPVC Double Glazing
  • Renovation Project
  • Tax Band - A

Full property description

**For Sale By The Modern Method Of Auction – Starting Price Of £50,000 plus reservation fee**
Located in a popular residential area, close to local schools and amenities and a short walk to Colne Town Centre, this two bedroom, mid-terrace property would make an ideal purchase for a first time buyer or an investment property for landlords looking for a but-to-let.

Requiring modernising throughout, the property is arranged over three floors and briefly comprises to the ground floor: an entrance lobby and hallway with stairs accessing the first floor and also leading to the first of two reception room situated at the front of the property. The the rear is a spacious, second reception room, ideal for a living room or dining room and benefits from a gas fire and under stair storage cupboard. Adjoining is a a separate kitchen with base units, stainless steel sink and door accessing the rear yard.

To the first floor is a central landing leading to a large double bedroom situated to the front of the property, a large single to the rear and bathroom housing a white three piece suits comprising a low level WC, pedestal wash basin and a panelled bath.

A second set of stairs lead to the second floor and an attic room which could be converted into a third bedroom, with plenty of storage and eaves space available.

Externally, to the front of the property there is a garden forecourt and a good sized yard to the rear.

The property benefits from the modern day comforts of UPVC double glazing and gas fired central heating.

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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Property listed with…

Petty Real, Colne

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