35 Vera Road, Norwich, NR136QP

This auction has ended!
Bid Count:
3
   
Final Bid:
£175,000.00
  • Overview
  • Particulars
  • Agent Details
  • Fees & Charges

Property Overview

Superb renovation opportunity. For sale by online auction with a starting bid of £190,000. A two bedroom detached bungalow with generous gardens in a popular village between Norwich and Wroxham. Sitting room, dining room, garden room, kitchen, two double bedrooms and bathroom. Majority double glazed windows, gas central heating, detached single garage.

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, 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 3.5% to a minimum of £5,000.00 + VAT (£1,000.00) = (£6,000.00) 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 East Anglia Property Auction powered by iam-sold Ltd.

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

DOUBLE ENTRANCE DOORS TO:- STORM PORCH Door to ENTRANCE HALL Built-in cupboard housing Worcester gas-fired central heating boiler. Built-in storage cupboard with shelving. SITTING ROOM 12' 6" x 11' (3.81m x 3.35m) Fireplace with inset gas fire (not currently connected). Double doors to the garden room. GARDEN ROOM 11' 9" x 8' (3.58m x 2.44m) Timber single glazed windows with French doors to the garden. DINING ROOM 11' 1" x 7' 11" (3.38m x 2.41m) Open arch to the kitchen. KITCHEN 10' 10" x 7' 7" (3.3m x 2.31m) A range of fitted base and wall units. Single bowl stainless steel sink unit. Space for washing machine and cooker (the sellers would like to include the 2016 Siemens washing machine in the sale). BEDROOM ONE 12' 6" from bay window, 10'5" min x 10' 10" (3.81m from bay window, 3.18m min x 3.3m) Built-in wardrobes. BEDROOM TWO 11' x 9' 1" (3.35m x 2.77m) Built-in wardrobe. BATHROOM 6' 6" x 5' 7" (1.98m x 1.7m) White suite comprising panelled bath with mixer shower and electric shower over, with shower screen; WC and wall mounted wash basin. Part tiled walls. OUTSIDE At the front of the property there is a lawned garden with established hedging. There is a generously sized driveway providing off road parking for numerous vehicles. A single garage measures 16'3" x 8'2", with double timber doors (the garage has an asbestos roof). To the rear of the garage is a store room, 9'1" x 8'2". The rear garden is laid to lawn, with established beds and borders, mature shrubs and trees. The garden offers a good degree of privacy. There is a greenhouse and paved terrace.

Arnolds Keys

Local Branch: The Bridge, Norwich Road, Norwich, NR12 8DA
Head Office: 2 Prince of Wales Road , Norwich , NR1 1LB

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 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 020 3859 2499.

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.