This property is for sale by the Modern Method of Auction which is not to be confused with traditional auction. The Modern Method of Auction is a flexible buyer friendly method of purchase. We do not require the purchaser to exchange contracts immediately, however from the date the Draft Contract is received by the buyers solicitor, the buyer is given 56 days in which to complete the transaction, with the aim being to exchange contracts within the first 28 days. Allowing the additional time to exchange on the property means interested parties can proceed with traditional residential finance. Upon close of a successful auction or if the vendor accepts an offer during the auction, the buyer will be required to make payment of a non-refundable Reservation Fee of 4.2% to a minimum of £6,000 including VAT, which secures the transaction and takes the property off the market. Fees paid to the Auctioneer may be considered as part of the chargeable consideration for the property and be included in the calculation for stamp duty liability. Further clarification on this must be sought from your legal representative. The buyer will be required to sign an Acknowledgement of Reservation form to confirm acceptance of terms prior to solicitors being instructed. Copies of the Reservation form and all terms and conditions can be found in the Buyer Information Pack which can be downloaded for free from the auction section of our website or requested from our Auction Department. 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 Auction powered by IAM Sold. (Reservation Fee is in addition to the final negotiated selling price.) I Am Sold Ltd
- House of Multiple Occupation
- Four letting rooms
- Gross annual income of £17,148 (rent and utilities)
- Shared lounge, kitchen, WC and shower room
- Rear garden
- Convenient location
- Energy rating C
With entrance door, under-stairs cupboard with power and telephone point and radiator.
Kitchen (4.19m x 2.51m)
With matching range of base units, roll edge work surfaces, inset single bowl stainless steel sink unit, built in electric oven, built in electric hob with cupboard over, wall mounted gas fired boiler (central heating and hot water, please note that the boiler is most controlled remotely via internet access) and uPVC double glazed window.
With matching white suite comprising low level w.c, pedestal wash hand basin, radiator and uPVC double glazed window.
With electric shower, heated towel rail/radiator, uPVC double glazed window.
Shared Lounge (3.07m x 2.51m minimum)
With uPVC double glazed window and radiator.
Front Ground Floor Bedroom (3.66m x 3.58m plus bay)
With bay window, radiator and extensive range of bedroom furniture.
With radiator and coved ceiling.
Bedroom (3.66m plus bay x 4.19m)
With bay window, coved ceiling and radiator.
With uPVC double glazed window, radiator and coved ceiling.
Bedroom (4.27m x 2.54m)
uPVC double glazed window and radiator.
With white low-level w.c and wall mounted wash hand basin.
There is a front garden and rear garden. The rear garden is laid to paving and plumb slate with shared foot access leading to the front.