Being Sold via Secure Sale online bidding. Terms & Conditions apply. Starting Bid £295,000.
This is a property where the plot is the big attraction.
The bungalow sits on a generous site in Binley Woods, with a wide frontage, plenty of space around the existing building and a good-sized garden to the rear. There is obvious scope to renovate and extend what is already here, but the plot may also appeal to someone looking at the possibility of replacing the bungalow altogether, subject to the necessary planning permission.
That sort of change is not unusual in Binley Woods. Many of the village's original bungalows and smaller houses have been enlarged, remodelled or replaced over the years, so there are plenty of nearby examples of what can be achieved with this type of plot.
The existing accommodation includes two double bedrooms, a bay-fronted living room, kitchen, bathroom, separate WC and conservatory. There is also an attached garage, while a ladder gives access to a carpeted loft area with a rooflight. We have treated this simply as loft space rather than formal living accommodation.
The property is dated and some areas have already been stripped back, so anyone buying it is likely to be looking at a fairly substantial project. Whether that means working with the existing bungalow, extending it considerably or looking at a completely new home, the attraction is having a good plot and plenty of options to consider.
Outside, there is driveway parking to the front, the attached garage and a generous rear garden. The overall setting gives the property a lot of potential for someone with the appetite to take it on.
Auctioneers Additional Comments
Pattinson Auction are working in Partnership with the marketing agent on this online auction sale and are referred to below as 'The Auctioneer'.
This auction lot is being sold either under conditional (Modern) or unconditional (Traditional) auction terms and overseen by the auctioneer in partnership with the marketing agent.
The property is available to be viewed strictly by appointment only via the Marketing Agent or The Auctioneer. Bids can be made via the Marketing Agents or via The Auctioneers website.
Please be aware that any enquiry, bid or viewing of the subject property will require your details being shared between both any marketing agent and The Auctioneer in order that all matters can be dealt with effectively.
The property is being sold via a transparent online auction.
In order to submit a bid upon any property being marketed by The Auctioneer, all bidders/buyers will be required to adhere to a verification of identity process in accordance with Anti Money Laundering procedures. Bids can be submitted at any time and from anywhere.
Our verification process is in place to ensure that AML procedure are carried out in accordance with the law.
The advertised price is commonly referred to as a ‘Starting Bid’ or ‘Guide Price’ and is accompanied by a ‘Reserve Price’. The ‘Reserve Price’ is confidential to the seller and the auctioneer and will typically be within a range above or below 10% of the ‘Guide Price’ / ‘Starting Bid’.
These prices are subject to change.
An auction can be closed at any time with the auctioneer permitting for the property (the lot) to be sold prior to the end of the auction.
A Legal Pack associated with this particular property is available to view upon request and contains details relevant to the legal documentation enabling all interested parties to make an informed decision prior to bidding. The Legal Pack will also outline the buyers’ obligations and sellers’ commitments. It is strongly advised that you seek the counsel of a solicitor prior to proceeding with any property and/or Land Title purchase.
Auctioneers Additional Comments
In order to secure the property and ensure commitment from the seller, upon exchange of contracts the successful bidder will be expected to pay a non-refundable deposit equivalent to 5% of the purchase price of the property. The deposit will be a contribution to the purchase price. A nonrefundable reservation fee up to 6% inc VAT (subject to a minimum which could be up to £7,200 inc VAT) is also required to be paid upon agreement of sale. The Reservation Fee is in addition to the agreed purchase price and consideration should be made by the purchaser in relation to any Stamp Duty Land Tax liability associated with overall purchase costs.
Both the Marketing Agent and The Auctioneer may believe necessary or beneficial to the customer to pass their details to third party service suppliers, from which a referral fee may be obtained. There is no requirement or indeed obligation to use these recommended suppliers or services.
Parking - Garage
Property Ref: BB6A1F8D-8DD7-4F78-974D-0B0C315B9050