Gilgal, Stourport-on-severn Dy13 9al

£75,000

Guide price

  • Bedrooms: 1
FOR SALE BY MODERN METHOD OF AUCTION; STARTING BID PRICE £75,000 PLUS RESERVATION FEE

A very spacious self-contained first floor flat on the fringe of Stourport town centre. No upward chain. Energy Rating: F

THIS PROPERTY IS FOR SALE BY WEST MIDLANDS PROPERTY AUCTION POWERED BY IAM-SOLD LTD

INTRODUCTION

This property is for sale by the Modern Method of Auction. Should you view, offer or bid on the property, your information will be shared with the Auctioneer, iamsold.

This method of auction requires both parties to complete the transaction within 56 days of the draft contract for sale being received by the buyers solicitor. This additional time allows buyers to proceed with mortgage finance (subject to lending criteria, affordability and survey).

The buyer is required to sign a reservation agreement and make payment of a non-refundable Reservation Fee. This being 4.2% of the purchase price including VAT, subject to a minimum of £6,000.00 including VAT. The Reservation Fee is paid in addition to purchase price and will be considered as part of the chargeable consideration for the property in the calculation for stamp duty liability.

Buyers will be required to go through an identification verification process with iamsold and provide proof of how the purchase would be funded.

This property has a Buyer Information Pack which is a collection of documents in relation to the property. The documents may not tell you everything you need to know about the property, so you are required to complete your own due diligence before bidding. A sample copy of the Reservation Agreement and terms and conditions are also contained within this pack.

The buyer will also make payment of £300.00 including VAT towards the preparation cost of the pack, where it has been provided by iamsold.

The property is subject to an undisclosed Reserve Price with both the Reserve Price and Starting Bid being subject to change.

Referral Arrangements

The Partner Agent and Auctioneer may recommend the services of third parties to you. Whilst these services are recommended as it is believed they will be of benefit; you are under no obligation to use any of these services and you should always consider your options before services are accepted.

Where services are accepted the Auctioneer or Partner Agent may receive payment for the recommendation and you will be informed of any referral arrangement and payment prior to any services being taken by you.

DESCRIPTION

Flat 1, 8a Gilgal is a spacious first floor flat that will appeal to both owner occupiers and investor landlords.

The property is offered for sale with the distinct advantage of no upward chain.

TENURE

The property is held on a 99 year lease from 25 September, 1998 and thereby now leaving 76 unexpired years. We are advised by our client that no ground rent or service charge has been paid within his ownership which has spanned the last 14 years. Prospective purchasers should seek verification via their own Solicitor. Those purchasing with a mortgage are also advised to discuss the remaining lease term with their own Financial Adviser to pre-establish lending criteria

AGENTS NOTE

For investor landlords looking at this property as a rental investment we would advise that a new owner would have to take measures to try and improve the energy efficiency in order to let it. This is because current legislation dictates that rental properties must have an EPC rating of E or above.

Access is gained via a steel external staircase which rises to the Entrance Door

which opens to:

RECEPTION HALL

with doors to:

LIVING ROOM

14' 1'' x 13' 9'' (4.30m x 4.18m)

[max in to alcove] with two UPVC double glazed windows to front elevation, fireplace with coal effect gas fire.

KITCHEN

11' 3'' x 9' 0'' (3.43m x 2.74m)

with UPVC double glazed window to rear elevation, range of wall and base mounted kitchen units with roll top surface over, stainless steel sink, small decorative fireplace, fitted airing cupboard.

BEDROOM

11' 11'' x 10' 6'' (3.63m x 3.21m)

[max in to alcove] with UPVC double glazed windows to side and rear elevations, decorative fireplace.

BATHROOM/WC

with obscured window to side elevation, low level flush wc, hand wash basin and bath.

OUTSIDE:

PLEASE NOTE that there is no communal garden or parking.

Arrange viewing 01299 488543

Phipps and Pritchard - Stourport

1 High Street, Stourport-on-Severn, Worcestershire

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