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Auction Guide   |   Ref: 31248222

£40,000

Reed Street, Burnley

  •   2 Bedrooms
  •   1 Bathrooms
  •   2 Receptions

For Sale by Modern Method of Auction; Starting Bid Price £40,000 plus Reservation Fee.

*Calling all investors* - being…

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Key features

  • Perfect For Investors
  • Buy To Let
  • Fixer-Upper
  • Generous Master Bedroom
  • Healey Wood
  • Close To Town Centre
  • Local Amenities
  • For Sale by Modern Auction – T & C’s apply
  • Subject to Reserve Price
  • Terraced

Full property description

For Sale by Modern Method of Auction; Starting Bid Price £40,000 plus Reservation Fee.

*Calling all investors* – being sold via our Modern Method of Auction, a two-bedroom mid-terrace property, a short walk from Burnley town centre, Healey Wood, and local amenities, would be a perfect investment. A full renovation project, this property is crying out for someone to bring it back to its former glory.

The property briefly comprises a front living room and rear kitchen/diner with beneficial understairs storage. On the first floor, there is a large double bedroom to the front, a family bathroom, and a generous single bedroom to the rear which also has a useful storage area over the stairs.

Externally there is an enclosed garden to the rear.

For Sale by Modern Method of Auction; Starting Bid Price £40,000 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, Burnley

26 Manchester Rd, Burnley BB11 1HH

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