This auction has ended!
Bid Count:
3
   
Final Bid:
£75,500.00
  • Overview
  • Particulars
  • Agent Details
  • Fees & Charges

Property Overview

Located in the town centre and offered with no onward chain is this updated and refurbished second floor maisonette which is ideal as a permanent or second home and would appeal as a letting property for the investor market. The two bedroom accommodation also has a living room, fitted kitchen and bathroom with the added benefit of a large attic room offering several uses. Town centre amenities on the doorstep with the beach just a few minutes away. EPC Rating D.

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

LOWER ENTRANCE LOBBY Radiator, carpet, ceiling light point, carpeted staircase to second floor. SPLIT LEVEL LANDING/HALLWAY Glazed ceiling panel to roof light, louvered door to fitted cupboard housing the gas boiler and shelving, central heating timer control point, carpeted landing with doors to: LIVING ROOM 11' 4" x 14' 5" (3.45m x 4.39m) Sash windows to front aspect with window seat offering views overlooking Bond Street, radiator, feature fireplace surround with tiled insert and hearth and gas fire inset, TV point, picture rail, carpet, ceiling rose with light point. FITTED KITCHEN 11' 7" max to window x 6' 9" (3.53m x 2.06m) Sash window to front aspect, range of modern matching base storage cupboards & drawers, rolled top laminate work surfaces, Belfast ceramic sink, space for electric cooker, plumbing for washing machine, space for tall standing fridge/freezer, part tiled walls, painted floor boards, ceiling light point. BEDROOM 13' 5" max x 9' 0" approx to sloping wall (4.09m x 2.74m) Sash window to rear aspect, radiator, carpet, telephone point, ceiling light point. BEDROOM/STUDY 8' 1" x 5' 5" (2.46m x 1.65m) Velux double glazed window, high level glazed wall panels, radiator, carpet, ceiling light point. BATHROOM 11' max x 3' 7" min (3.35m x 1.09m) Sash window to rear aspect, panelled bath with shower attachment, close coupled WC, vanity unit with wash basin and cupboard under, radiator with heated towel rail, part tiled walls, high level glazed wall panels, tiled floor, ceiling light point. Door from the landing/hallway into lobby with wooden ladder staircase up to: ATTIC ROOM 18' 8" min x 9' 9" max (5.69m x 2.97m) Currently used as a guest bedroom but offering other uses and includes Velux double glazed window, wall beams with two light points, sloping ceilings, carpet.

Arnolds Keys

Local Branch: 27a Church Street, Cromer, NR27 9ES
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 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 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.