May Street, Nelson (Leasehold Property)

This auction has ended!
Bid Count:
1
   
Final Bid:
£35,000.00
  • Overview
  • Particulars
  • Agent Details
  • Fees & charges

Property Overview

View! Bid! Buy! For sale by Conditional Auction at The Village Urban Resort, Bury BL9 7BQ on Thursday 6th December 2018. Registration from 6.30pm auction commences at 7pm. Reservation fee applies


This is a stone built mid terrace dwelling situated in an established residential area of Nelson within walking distance of all the local facilities and amenities and main bus routes. Offering two reception rooms and extended kitchen and two double bedrooms, the property benefits from gas fired central heating and UPVC double glazing and is an ideal purchase for the young buyer or investment buyer.

Travelling away from Nelson along Leeds Road towards Walton Lane past the top of Reedyford Road, turn right into Fulham Street, left into Bradley Hall Road and then right again into May Street. Proceed up May Street and the subject property is located on the left hand side and can be identified by our For Sale board.

Starting Bid and Reserve Price

*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 powered by IAM Sold.

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, however from the date the Draft Contract is received by the buyers solicitor, the buyer is given 56 days in which to complete the transaction, with the aim being to exchange contracts within the first 28 days. 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 make payment of a non-refundable Reservation Fee of 4.2% of the final agreed sale price including VAT. This is subject to a minimum payment of £6,000.00 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 an Acknowledgement of Reservation form to confirm acceptance of terms prior to solicitors being instructed. Copies of the Reservation from and all terms and conditions can be found in the Buyer 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 North West Property Auction powered by IAM Sold. Reservation Fee is in addition to the final negotiated selling price.

Energy Performance Certificate (EPCs)

Energy Performance Certificates (EPCs) give information on how to make your home more energy efficient and reduce your energy costs. All homes bought, sold or rented require an EPC. EPCs carry ratings that compare the current energy efficiency and estimated costs of energy use with potential figures that your home could achieve. Potential figures are calculated by estimating what the energy efficiency and energy costs could be if energy saving measures were put in place. The rating measures the energy efficiency of your home using a grade from ‘A’ to ‘G’. An ‘A’ rating is the most efficient, while ‘G’ is the least efficient. The average efficiency grade to date is ‘D’. All homes are measured using the same calculations, so you can compare the energy efficiency of different properties.

Property Particulars

ACCOMMODATION GROUND FLOOR Entrance Vestibule UPVC door, glazed vestibule door leading to:- Sitting Room 3.99m x 3.16m. Real flame gas fire set in a marble feature fireplace with marble hearth and surround, UPVC double glazed window, double panelled radiator, staircase leading to first floor. Rear Living Room 4.32m x 4.00m. Real flame gas fire set in a stone feature fireplace with stone hearth, under stairs store, wall light points, UPVC double glazed window, double panelled radiator. Extended Kitchen 5.22m x 1.84m. Extensive range of fitted base and wall units, 1½ bowl coloured sink unit with stainless steel tap over, integrated oven and hob, all having complementary work surfaces and tiled splashbacks, radiator, two UPVC double glazed windows, UPVC double glazed door leading onto the rear yard. FIRST FLOOR Landing Wall light point, loft access point. Bedroom One 4.00m x 3.16m. Front double bedroom with UPVC double glazed window, inbuilt wardrobe, double panelled radiator. Bedroom Two 4.32m x 2.05m. Rear double bedroom with double panelled radiator, UPVC double glazed window, inbuilt wardrobe. Shower Room Three piece suite comprising low level wc, wash basin, super sized shower, double panelled radiator, UPVC double glazed window, airing cupboard housing the gas fired combination boiler providing for the domestic hot water and central heating system. EXTERNALLY Yard to the rear.

Petty

Local Branch: 11 Albert Road, Colne, BB8 0RY
Head Office: 26 Manchester Road, Burnley, BB11 1HH

Fees & Charges Explained

This property is sold subject to payment of a non-refundable reservation fee of 4.2% to a minimum of £6,000.00 including VAT.

Any successful purchaser will pay this to secure the sale. The reservation fee is in addition to the purchase price. Please take this into account when bidding.

A reservation fee is payable by the buyer only when the seller pays no fees to sell. As sellers pay no fees to sell, this is usually taken into account with a lower reserve price.

This property is being sold under the Modern Method of Auction, which requires the completion of the purchase to be within 56 days, although all reasonable endeavours must be made to exchange contracts within 28 days following the Draft Contract being received by the Buyer's Solicitor.

A non-refundable Reservation fee must be paid by the buyer within 2 hours following the conclusion of the auction or acceptance of an offer. This must be paid by cleared funds to the auctioneer who will issue an acknowledgement of reservation and purchase agreement In the 28 day period following the auction or the date of acceptance of the offer.

Buyer Information Pack

If the Buyer Information Pack has been produced and provided by IAM Sold any successful purchaser will be required to pay £200.00 (including VAT) towards the cost of the preparation of the pack. These can then be used by your solicitor to progress the sale.

Buyer Fees

There are no other fees or charges payable to the Auctioneer however, there are other costs to consider such as:

  • You will need a Solicitor to act for you during the conveyancing and your Solicitor will advise you in relation to the associated costs. If you do not have a Solicitor, we can recommend the services of one of our Panel Solicitors who are all selected for their expertise in Auction Transactions. Please call the number below for more information.
  • Stamp Duty Land Tax (SDLT) is applicable if you buy a property or land over a certain price in England, Wales or Northern Ireland. Please click here for more information.

Need More Information?

For further information or to speak to one of our team, please call 0161 300 7100.

Disclaimer

These particulars, whilst believed to be accurate are set out as a general outline only for guidance and do not constitute any part of an offer or contract. Intending purchasers should not rely on them as statements of representation of fact, but must satisfy themselves by inspection or otherwise as to their accuracy. No person in this firms employment has the authority to make or give any representation or warranty in respect of the property.

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