FOR SALE BY ONLINE AUCTION - End of Auction: Thursday 31st August at 12 noon.

GUIDE PRICE OFFERS IN EXCESS OF £95,000

TO BID, WATCH THIS PROPERTY OR REGISTER YOUR INTEREST VISIT OUR BIDDING PLATFORM BY FOLLOWING THE LINK IN THE PHOTO CAROUSEL.

The bidding platform is now open and bids on the property can be made online at any time between now and the end of the auction which is 12 noon on Thursday 31st August. All of the legal documentation can also be viewed online.

Situated in a central, convenient location is this spacious 6 bedroom terraced family home which is in need of extensive renovation, modernisation and updating. The property is just a few hundred metres from the high street and is close to all of the local amenities. The accommodation is arranged over three floors with the ground floor comprising an entrance lobby and entrance hall, a lounge, separate dining room, a kitchen and a bathroom and wc at the rear. On the first floor there are three bedrooms, 2 double rooms and 1 single room as well a separate wc on the half landing. The second floor comprises a further 3 bedrooms.

This property is a proper renovation and refurbishment project that will require building works. High loan-to-value mortgages very unlikely due to the condition. However, there is the opportunity for the purchaser to put their own stamp on the place and restore the home to its former glories.

Outside, at the front of the property there is unrestricted parking available in Victoria Road. At the rear of the house is an enclosed and private courtyard measuring approximately 18ft x 10ft.

Victoria Road is centrally located and just a hundred metres or so from the high street and is close to the shops and amenities, the schools for all ages and approximately 1/3 a mile from the sea front. Properties in this road have always been popular and renovated and modernised to a high standard, they can command strong re-sale prices. Based on the current market conditions, this house, once all renovations have been completed and finished could command in the region of £265,000 - £275,000 (depending on the final standard of finish) thus leaving plenty of scope and potential to considerably increase the value of the property.

AGENTS NOTE:
The property is to be sold 'as seen' with all of the chattels and furniture that are currently in the property.

Traditional Online Auction Information

Please note: this property is for sale by traditional online auction. This means that exchange will occur when the online timer reaches zero (provided the seller's reserve price has been met or exceeded). The winning buyer will be legally obliged to purchase the property at this price.

Pricing Information

The Guide Price amount specified is an indication of each seller's minimum expectation. It is not necessarily the amount at which the property will sell. Each property will be offered subject to a Reserve (a figure below which the property will not be sold) which we expect will be set no more than 10% above the Guide Price amount.

Webbers and Bamboo Auctions shall not be liable for any inaccuracies in the fees stated on this description page, in the bidding confirmation pop up or in the particulars. Buyers should check the contents of the legal pack and special conditions for accurate information on fees. Where there is a conflict between the fees stated in the particulars, the bid information box or the bidding confirmation pop up and the contents of the legal pack, the contents of the legal pack shall prevail. Stamp Duty Land Tax or Land and Buildings Transaction Tax may also apply in some circumstances.

Buyers Premium & Other Charges

The winning buyer is charged a sum of £5,000. From this a buyers fee of £3,600 (including VAT) is retained by Webbers/Bamboo Auctions as a contribution towards online platform costs and £1,400 is payable towards the purchase price. On completion the Buyer will pay the sum of £249.20 (including vat) to the Seller’s solicitors in reimbursement of search fees.

SELLER’S SOLICITOR
Steph Cleak
Slee Blackwell
2 South Street
Braunton
Devon
EX33 1AA

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Applicants are advised to proceed from our offices in a westerly direction taking the first left-hand turn into Marlborough Road. Turn immediately left into Highfield Road and proceed up the hill for 200 metres turning first left into Victoria Road. Follow the road down to the left and number 30 will be found towards the bottom of the road on the right-hand side.