Summary
For sale by Modern Method of Auction: Starting bid price £50,000
This property is for sale by Connells Online Auction powered by iam Sold Ltd.
"attention investor & first time buyers! An amazing opportunity to purchase A two bedroom ground floor flat!"
description
For sale by Modern Method of Auction: Starting bid price £50,000
This property is for sale by Connells Online Auction powered by iam Sold Ltd.
"attention investor & first time buyers! An amazing opportunity to purchase A two bedroom ground floor flat!"
Comprising - communal entrance with communal storage & communal area, entrance hall, lounge, fitted kitchen, two bedrooms, shower room, communal gardens.
Main Description
Attention investor and first time buyers! An amazing opportunity to purchase a two bedroom ground floor flat with no upward chain offering huge potential and situated in a popular location having easy access to Dudley and Wolverhampton City Centre. Viewing is highly recommended to appreciate the accommodation on offer.
Internally the property benefits from communal entrance with communal storage area, entrance hall, lounge, fitted kitchen, two bedrooms and a shower room. Externally the property benefits from communal gardens.
The Location & Area
This property is situated in the popular Lanesfield area of Wolverhampton, close to commuting to Wolverhampton city centre & Dudley town centre, close to bus routes, shops local amenities & schools.
Communal Entrance
Communal door to front, communal storage cupboard, communal storage area, door to entrance hall, stairs to various floors.
Entrance Hall
Door to front, intercom entry system, doors to various rooms.
Lounge 13' 9" into recess x 12' 9" into bay ( 4.19m into recess x 3.89m into bay )
Double glazed bay window to front, double glazed window to side, TV point, telephone point, door to entrance hall, door to kitchen.
Fitted Kitchen 11' 9" x 7' 5" ( 3.58m x 2.26m )
Double glazed window to rear, fitted kitchen with a selection off wall and base units, roll top worksurfaces, tiling to splash back, one bowl stainless steel sink and drainer, space for cooker, space for fridge freezer, plumbing for washing machine, door into lounge.
Bedroom One 12' x 11' 5" ( 3.66m x 3.48m )
Double glazed window to front, storage heater, door to entrance hall.
Bedroom Two 8' 6" x 8' 7" ( 2.59m x 2.62m )
Double glazed window to rear, door to entrance hall.
Shower Room
Double glazed window to rear, walk in shower cubicle with shower over and tiled walls, pedestal wash hand basin, low level wc, door to entrance hall.
Outside
Communal gardens and grounds.
Auctioneer's Comments
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, granting 56 days for completion with an aim to exchange contracts 28 days from the date the buyer's solicitor is in receipt of the draft contracts. 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 put down a non-refundable Reservation Fee of 4.2% to a minimum of £6000 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 a '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 Property 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 Connells Property Auction powered by iam Sold. Reservation Fee is in addition to the final negotiated selling price.
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