Guide Price £650,000Fees apply
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DescriptionFEBRUARY AUCTION - A Freehold DETACHED FAMILY HOME (1,579 sq ft) in need of BASIC UPDATING with HUGE POTENTIAL FOR 5 BEDS and REDUCED PRICE for sale by AUCTION.
For Sale By Auction - LOT NUMBER 18
Wednesday 27th February 2019
All Saints Church Pembroke Road, Clifton, Bristol BS8 2HY
Legal packs will be available for inspection from 18:00.
The sale will begin promptly at 19:00
Working in partnership with Hollis Morgan.
Extended Completion - Completion is set for 8 weeks or earlier subject to mutual consent.
Viewings - Viewings strictly by appointment with Hollis Morgan or Complete Estate agents.
Solicitors - Conveyancing Direct
Conveyancing Direct Limited, Windmill Road, St Leonards on Sea, East Sussex, TN38 9BY
Online Legal Packs - Digital Copies of the Online legal pack can be downloaded Free of Charge.
Please visit the Hollis Morgan Website and select the chosen lot from our Current Auction List.
Follow the RED link to "Download Legal Packs" For the first visit you will be required to register simply with your email and a password.
Having set up your account you can download legal packs or if they are not yet available they will automatically be sent to you when we receive them.
You will be automatically updated by email if any new information is added.
There will be a note added to the list to confirm AUCTION PACK NOW COMPLETE when no further information is due to be added.
By registering for the legal pack we can ensure you are kept updated on any changes to this Lot in the build up to the sale.
The Property - A Freehold detached property (1,579 sq ft) occupying a prominent and elevated position in this popular cul de sac.
The property ( 1359 Sq Ft ) is arranged over two floors with garage and parking plus enclosed rear gardens.
Sold with vacant possession
Location - St Stephens Close is a quiet cul de sac of houses and bungalows nestled on Bath's highly desirable Northern slopes conveniently situated for local schools (St Stephens Primary School, Kingswood and Royal High. Also near by is Lansdown Tennis Club, The Hare & Hound gastro pub and Richmond Arms.
Bath is a World Heritage Site famed for its Georgian architecture and Roman heritage and provides an extensive range of business, entertainment and cultural facilities along with two universities. There are well regarded schools in both the state and independent sectors and a mainline rail link to London Paddington (journey time approx 90 mins) and Bristol Temple Meads (journey time approx 15 mins). Junction 18 of the M4 motorway is about 8.5 miles to the north and Bristol international airport is some 21 miles to the west.
The Opportunity - REDUCED PRICE FOR AUCTION
The property was originally marketed by local agents at £850,000 and the price is now reduced for sale by public auction.
FAMILY HOME FOR UPDATING
The property has been in the same ownership for many years and would now benefit from basic updating throughout but has the potential for fine family home int his sought after location.
POTENTIAL FOR 5 BEDROOM HOUSE
There is scope to extend the property over and including the garage and also to the rear / attic to create further accommodation and up to 5 bedrooms.
Subject to consents
HMO / INVESTMENT
There is potential to convert the existing accommodation into 4 / 5 bedroom HMO or higher number of rooms if extended.
Subject to consents
Guide Price - An indication of the seller's current minimum acceptable price at auction. The guide price or range of guide prices is given to assist consumers in deciding whether or not to pursue a purchase. It is usual, but not always the case, that a provisional reserve range is agreed between the seller and the auctioneer at the start of marketing. As the reserve is not fixed at this stage and can be adjusted by the seller at any time up to the day of the auction in the light of interest shown during the marketing period, a guide price is issued. This guide price can be shown in the form of a minimum and maximum price range within which an acceptable sale price (reserve) would fall, or as a single price figure within 10% of which the minimum acceptable price (reserve) would fall. A guide price is different to a reserve price (see separate definition). Both the guide price and the reserve price can be subject to change up to and including the day of the auction.
Reserve Price - The seller's minimum acceptable price at auction and the figure below which the auctioneer cannot sell. The reserve price is not disclosed and remains confidential between the seller and the auctioneer. Both the guide price and the reserve price can be subject to change up to and including the day of the auction.
Buyer's Premium - Please be aware all purchasers are subject to a £1000 + VAT (£1,200 inc VAT) buyer's premium which is ALWAYS payable upon exchange of contracts whether the sale is concluded before, during or after the auction date.
Pre Auction Offers - Some properties may be available to buy prior to the auction.
Pre auction offers can be only submitted by completing the OFFER FORM which can be downloaded with the online legal pack - please email the COMPLETED form to – [email protected]
Please note offers will not be considered until you have VIEWED the property and the COMPLETE LEGAL PACK has been released.
You will be emailed a note to confirm the AUCTION PACK NOW COMPLETE and then offers can be submitted.
In the event of an offer being accepted the property will only be removed from the auction and viewings stopped once contracts have successfully EXCHANGED subject to the standard auction terms and payment of the buyer’s premium ( £1,200 ) to Hollis Morgan. Contracts can be signed either via the solicitors or at the Hollis Morgan offices subject to appointment.
Auction Buyers Guide Video - We have short video guides for both buying and selling by Public Auction on the Hollis Morgan Website. If you have any further questions regarding the process please don’t hesitate to contact Auction HQ.
Auction Finance - Some properties may require specialist auction finance- please contact Hollis Morgan for access to expert advice and "whole of market" rates.
Epc - For full details of the EPC please refer to the online legal pack.
Telephone And Proxy Bidding - If you cannot attend the auction (although we strongly advise you do) you can make a TELEPHONE or PROXY BID. This authorises the auctioneer to bid on your behalf up to a pre-set limit. Forms and relevant conditions are available to download with the online legal pack. A completed form, ID and two cheques (one for the 10% deposit and one for the Buyer's Administration Fee of £1,200) are required by the Auction Department at least two full working days before the auction.
Paying The Deposit & Buyers Premium - We can only accept the following at the auction:
Personal or Company Cheque
Debit Card ( NOT CREDIT CARD )
Bidding At The Auction - This property is for sale by public auction and if you intend to bid please bring the following:
Proof of identity (valid passport or photo driving licence).
Proof of address (bank statement, recent utility bill, council tax bill or tenancy agreement).
10% deposit payment.
Buyers premium payment.
Details of your solicitor.
Surveys And Valuations - If you would like to arrange a survey or mortgage valuation of this Lot BEFORE the auction please instruct your appointed surveyor to contact Hollis Morgan and we will arrange access for them to inspect the property. Please note that buyers CANNOT attend the surveys and the surveyors are responsible for collecting and returning keys to the Hollis Morgan offices in Clifton.
NB: All planning permissions are subject to legal approval.