Situated on the borders of Lanesfield and Coseley, this is a traditional family home, extended substantially to the rear. The accommodation comprises an entrance hall, lounge, sitting room, dining room, large lean-to, kitchen, and shower room / WC, with three bedrooms, bathroom and separate WC to the first floor.
This is an ideal property for investors or owner occupiers looking to carry out substantial refurbishment. This style of property is always popular, and this particular example benefits from a long drive and front garden, together with a substantial rear garden. It has been extended previously, although it is recommended to check the suitability and planning situation of these extensions. There is also a building to the rear of the garden.
In terms of location, it could hardly be more convenient, being situated between Wolverhampton, Dudley, Birmingham, and Walsall, with excellent access to the motor way network and good bus routes. There is a local station at Coseley with some local shopping.
*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 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 (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 4.20% 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 £300.00 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.
Should you opt to use Conveyancing Services recommended by iamsold or the Partner Agent, please be advised that the Partner Agent will receive payment of up to £450.00 from the Conveyancing Provider for that recommendation where the services are taken, and a sale completes. It is important to note that recommended services are optional, and you should consider your options carefully before accepting any recommended services.
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.
Entrance Hall 3.8m x 1.75m With entrance door, stairs rising to first-floor accommodation, under-stairs cupboard, and doors to sitting room and to kitchen. Lounge Area 3.9m x 3.43m With bay window to front and open-plan to sitting room. Sitting Room Area 4.24m x 3.56m With door to entrance hall, and part-glazed door with side windows to dining room. Dining Room 4.3m x 4m With glazed door with complementary side windows to sun room / lean-to, and door to inner hall way leading to kitchen and shower room/ WC. Sun Room/Lean-to. 5.4m x 2.84m With windows to side and rear and sliding glazed doors to rear garden. Kitchen 2.97m x 2.1m With box-bay window to side, doors to entrance hall and inner hallway, and fitted with a basic range of wall and base units, and having a cooker pint and inset sink-drainer. Rear Lobby Unmeasured - With doors to kitchen, dining room, shower room , and to outside. Shower Room 4.62m x 1.3m With obscured window to side and fitted with a three-piece shower suite. First-Floor Accommodation:- Bedroom One 3.38m x 3.33m With bay window to front elevation. Bedroom Two 3.89m x 3.28m With wndow to rear elevation. Bedroom Three 2.1m x 2.03m With wndow to front elevation. Bathroom 2.06m x 1.98m With obscured window to rear and fitted with a two-piece bathroom suite. Separate WC 1.04m x 0.79m With obscured window to side and fitted with a low-level flush WC. Outside:- To the front of the property is a dwarf wall with twin entrance gates, behind which is a large foregarden with lawn and mature shrubs and a deep driveway providing off-road parking for several vehicles, There is also a store to the side of the house which could provide garaging for a motorbike / bicycles. To the rear there is a large overgrown garden with a block-built garden room at the back.
This property is sold subject to payment of a non-refundable reservation fee of 4.20% 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 has been produced and provided by iamsold any successful purchaser will be required to pay £300.00 (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 0121 366 0539.
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.