A three bedroom detached bungalow occupies an elevated position within walking distance to Paignton's town centre and all its amenities. Requiring some modernisation is a great opportunity to develop. Accommodation arranged over two floors with sea views from the first floor.
*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, iamsold.
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 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 £220.00 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.
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.
Accommodation To the front of the property there is are steps leading up to a decorative uPVC double glazed entrance door into hallway. Hallway Central heating radiator, built in storage cupboards housing hanging and shelving space. Stairs rising to first floor. Doors leading to principle rooms. Lounge 13' 10" x 10' ( 4.22m x 3.05m ) uPVC double glazed bay window to the front aspect. uPVC double glazed window to the side aspect, central heating radiator, dado rail. Feature fireplace with electric flame effect fire with decorative mantle and surround over. Dining Room 11' x 7' 1" ( 3.35m x 2.16m ) uPVC double glazed window to the front aspect, dado rail, central heating radiator, laminate flooring. Archway leading into Kitchen 12' 10" x 5' 11" ( 3.91m x 1.80m ) Galley style kitchen with two uPVC double glazed windows, one to the rear and one to the front aspect. Fitted kitchen comprising matching wall and base units with roll edge work surface over, one and a half stainless steel sink unit with complimentary tiled splashbacks, integrated eye level electric oven with four ring gas hob with canopy hood above. Integrated fridge/freezer, wall mounted boiler, laminate flooring, central heating radiator, uPVC double glazed door leading into utility room. Utility Room 12' 3" x 7' 5" ( 3.73m x 2.26m ) Polycarbonate roof, base units with roll edge work surface over, two wall mounted units. Space and plumbing for washing machine, space for tumble dryer, tiled flooring with multi paned uPVC double glazed double doors leading out to the rear garden. Workshop 10' 11" x 10' 1" ( 3.33m x 3.07m ) uPVC double glazed door and windows. Bedroom 1 13' 10" x 10' 5" ( 4.22m x 3.17m ) uPVC double glazed bay window overlooking the side aspect. Fitted bedroom suite comprising wardrobes with some mirrored doors housing shelving space with additional overhead storage. Two wall mounted lights, central heating radiator. Bedroom 2 8' x 9' 3" ( 2.44m x 2.82m ) uPVC double glazed window looking into the utility allowing additional natural light. Central heating radiator. Bedroom 3 12' 1" x 11' 1" max ( 3.68m x 3.38m max ) uPVC double glazed window to the front aspect with far reaching sea views across the bay towards Torquay, central heating radiator, velux window. Door leading into Walk In Wardrobe Housing hanging rail. Further door leading into cloakroom. Cloakroom Low level WC, pedestal wash hand basin. Shower Room Fully tiled shower cubicle with mains shower over and curved glazed screen, hand wash basin set into vanity unit with storage cupboard below and mixer tap over, low level WC with enclosed cistern. Central heating radiator, built in storage cupboard. Tiled flooring. Outside To the rear of the property there is a paved patio area leading down to the workshop. Gated entrance leading into a further attractive garden enclosed by timber fencing which is currently laid to stone chipping and paved patio. To the front of the property there are various tiers of garden predominantly laid to stone chipping for easy maintenance. Steps and pathway lead down to the road.
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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.
If the Buyer Information Pack Pack has been produced and provided by IAM Sold any successful purchaser will be required to pay £220.00 (including VAT) towards the cost of the preparation of the pack. These can then be used by your solicitor to progress the sale.
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 3096 0248.
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.