2 bedroom apartment

This property is for sale by Modern Method of Auction powered by IAMSOLD LTD - Starting Bid £45,000 plus Reservation Fee.
*FIRST FLOOR APARTMENT*TWO DOUBLE BEDROOMS*SPACIOUS LOUNGE*KITCHEN*SHOWER ROOM*TOWN CENTRE*GOOD TRANSPORT LINKS*

The property is offered for sale through the Modern Method of Auction which is operated by Iamsold Limited. Situated in the heart of Ebbw Vale town centre within close proximity of the Heads Of The Valleys Road Network giving access to Cardiff and surrounding areas, local train station with a direct route to Cardiff is this semi detached property with the added benefit of no onward chain. It is also within walking distance of local shops and amenities.

You enter the property through an initial porch area with stairs leading up to the main hallway. The property features two large double bedrooms and a front facing lounge/diner which is a generous size with ample space for any required furniture. The kitchen is also a good size with floor and wall unit storage. Lastly is the shower room, featuring a WC, hand basin and walk in shower.

We have been advised by the seller the following details pertaining to this property. We would encourage any interested parties to seek legal advice to confirm such details prior to purchase.

Council Tax Band - A

Tenure - Leasehold

Length of Lease - 999

Ground Rent -£10 PA

Rental Yield: 11.2%

Auctioneer Comments
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, IAMSOLD Limited This method of auction requires both parties to complete the transaction within 56 days of the draft contract for sale being received by the buyer's solicitor (for standard Grade 1 properties). This additional time allows buyers to proceed with mortgage finance (subject to lending criteria, affordability and survey). 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 IAMSOLD 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 £300 including VAT towards the preparation cost of the pack, where it has been provided by IAMSOLD. The property is subject to an undisclosed Reserve Price with both the Reserve Price and Starting Bid being subject to change. Referral Arrangements 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.

Referral Arrangements
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.
We have been advised by the seller the following details pertaining to this property. We would encourage any interested parties to seek legal advice to confirm such details prior to purchase.
This property is for sale by Modern Method of Auction powered by IAMSOLD LTD - Starting Bid £45,000 plus Reservation Fee.

Hall

Living Room - 17' 9'' x 12' 7'' (5.4m x 3.84m)

Kitchen - 12' 10'' x 8' 11'' (3.9m x 2.72m)

Bedroom 1 - 14' 1'' x 7' 5'' (4.3m x 2.25m)
Double

Bedroom 2 - 14' 1'' x 7' 5'' (4.30m x 2.25m)
Double

Bathroom

Auctioneer Comments
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, IAMSOLD Limited This method of auction requires both parties to complete the transaction within 56 days of the draft contract for sale being received by the buyer's solicitor (for standard Grade 1 properties). This additional time allows buyers to proceed with mortgage finance (subject to lending criteria, affordability and survey). 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 IAMSOLD 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 £300 including VAT towards the preparation cost of the pack, where it has been provided by IAMSOLD. The property is subject to an undisclosed Reserve Price with both the Reserve Price and Starting Bid being subject to change.

Referral Arrangements
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.

Council Tax Band: A
Tenure: Leasehold
Lease Years Remaining: 999
Ground Rent: £10.00 per year
Ground Rent Review Period: 1 year