For sale by Modern Method of Auction; Starting Bid Price £150,000.00 plus Reservation Fee. A genuinely rare opportunity to purchase this two bed semi-detached bungalow that is in need of full refurbishment and modernisation, and which offers the potential to extend (subject to obtaining the necessary planning consents). The property is situated in a very popular and desirable part of Formby, within easy walking distance of the National Trust Nature Reserve and Formby Beach, and in close proximity to local primary schools and excellent amenities. The property may appeal to investors, a developer or simply someone looking to create their perfect home. Contact us 24/7 to arrange a viewing.
The bungalow is entered from the front, via an open porch which leads into the spacious living room. The accommodation also includes a kitchen with a range of low and high level wall mounted base units, a bathroom, and two double bedrooms to the rear.
Outside is a driveway to the front for off road parking, a single garage and access to the private garden located at the rear via a gated side passage.
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 but grant 28 days to achieve exchange of contracts from the date the buyer's solicitor is in receipt of the draft contracts and a further 28 days thereafter to complete. 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% subject to a minimum of £6,000 inclusive of VAT which secures the transaction and takes the property off the market. The buyer will be required to sign an Acknowledgment 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 Legal 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. Our primary duty of care is to the vendor. Terms and conditions apply to the Modern Method of Auction, which is operated by iam-sold Ltd
This home includes:
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