For sale by Modern Method of Auction; Starting Bid Price £70,000 plus Reservation Fee, A 3 Bedroom Terraced house. This property is for sale by Merseyside and Cheshire North Wales Property Auction powered by iam-sold Ltd or iam-sold Ltd
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 Merseyside and Cheshire NorthProperty Auction powered by iam-sold Ltd or iam-sold Ltd.
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Phone: Close to the city centre and ideal for those that work there or like to spend time exploring all the city has to offer. Tram stops are close by as are bus stops and very convenient. There are also plenty of amenities close by for those everyday needs.
Further afield you can access the M60 /M62 relatively quickly and handy for those that commute in the other direction.
The property is in need of some tlc throughout and is priced accordingly. However, the property prices in Manchester are providing one of the highest growth levels in the whole of the UK and a good time to be investing in an area so close to the city centre. Previous rents achieved were £600 and that could be taken to £700 with the right level of investment in the property itself and a much higher than average yield therefore.
This home includes:
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