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.
*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.
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, IAM Sold.
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.
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 IAM Sold 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 £220.00 including VAT towards the preparation cost of the pack, where it has been provided by IAM Sold.
The property is subject to an undisclosed Reserve Price with both the Reserve Price and Starting Bid being subject to change.
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.
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.
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.
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.
There are no other fees or charges payable to the Auctioneer however, there are other costs to consider such as:
For further information or to speak to one of our team, please call 020 3859 2499.
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.