Ideally suited to the local builder or property professional is this two bedroom detached bungalow needing a scheme refurbishment plus land with outline planning permission for a detached dwelling. The site sits in a popular village location and offers superb onward potential for a new build project and development opportunity. The existing bungalow has a detached garage and driveway, central heating and gardens front and rear. The new development is towards the rear of no.24. With access from Worksop Road. Alternatively the buyer could retain the full land with the house and enjoy the property with large gardens.
Guide prices & reserve prices
Guide Price
An indication of the seller’s current minimum acceptable price at auction. The guide price or range of guide prices is given to assist consumers in deciding whether or not to pursue a purchase. It is usual, but not always the case, that a provisional reserve range is agreed between the seller and the auctioneer at the start of marketing. As the reserve is not fixed at this stage and can be adjusted by the seller at any time up to the day of the auction in the light of interest shown during the marketing period, a guide price is issued. This guide price can be shown in the form of a minimum and maximum price range within which an acceptable sale price (reserve) would fall, or as a single price figure within 10% of which the minimum acceptable price (reserve) would fall. A guide price is different to a reserve price (see separate definition). Both the guide price and the reserve price can be subject to change up to and including the day of the auction.
Reserve Price
The seller’s minimum acceptable price at auction and the figure below which the auctioneer cannot sell. The reserve price is not disclosed and remains confidential between the seller and the auctioneer.
Both the guide price and the reserve price can be subject to change up to and including the day of the auction.
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