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18 Tring Vale, Nottingham, NG5 1NZ

Lot no: 5 Sold at Auction for £150,000
 

Guide Price £80,000+ plus fees

Unconditional with Variable FeeOn the fall of the hammer, the successful bidder will be legally bound to purchase the property. The successful bidder must immediately exchange contracts, pay a 5% deposit (subject to a minimum of £5,000) along with a non-refundable Buyer’s Fee of either 4.8% of the final sale price of the property up to and including £250,000, or 3.6% if the final sale price is over £250,000. The Buyer’s Fee is subject to a minimum of £6,000. Completion must take place usually within 30 days unless the Special Conditions of Sale state otherwise.

Thursday 28th January 2021

10.30am
Key Features
  • Terrace Property in need of Modernisation
  • Two Reception Rooms
  • Three Bedroom
  • Bathroom with Separate WC
  • EPC Rating: G
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Sold at Auction for £150,000

Terraced House

Property Description:

This mid terraced home is offered to the market with no upward
chain, and in need of full refurbishment throughout.

The property provides accommodation arranged over two floors
which includes an entrance hall, a dual aspect lounge, a dining
space and a kitchen to the ground floor, with the first floor landing giving access to three bedrooms, the bathroom and separate wc.

The property has enclosed gardens to the front and rear, which
are also in need of attention.

Situated close to the City Hospital, and with main road routes and local transport links giving easy access to Nottingham City Centre and the Queens Medical Centre, the property will make an ideal investment purchase.

Timber Entrance Door
Entrance Hall

Stairs leading to the first floor, ceiling light point, door leading to

Dining Space

Window to the front elevation, ceiling point

Kitchen

Sink and drainer unit with cupboards under, wall mounted
cupboard. Window to the rear elevation, wall mounted meters, under stairs storage cupboard, door to the lounge, and door
opening to the rear garden.

Lounge

A dual aspect room with windows to the front and rear elevations, ceiling light point

First Floor Landing

Window to the rear elevation, loft access hatch, doors giving access to three bedrooms, the bathroom and separate wc.

Bedroom One

Window to the front elevation, ceiling light point

Bedroom Two

Window to the front and side elevations, ceiling light point

Bedroom Three

Window to the rear elevation, ceiling light point

Bathroom

Fitted with a panelled bath with a shower over, and a pedestal wash hand basin. Window to the rear elevation, ceiling light point.

Separate WC

Window to the side elevation, ceiling light point. Fitted with
a low flush wc.

Outside

At the front of the property the garden is enclosed by picket fencing, and is laid mainly to lawn with mature shrubs. A pathway leads to the entrance door. The garden to the rear of the property is fully enclosed and is laid to lawn. Both gardens are overgrown and in need of attention.

Tenure:

Freehold.


Auction Details:
The sale of this property will take place on the stated date by way of Auction Event and is being sold as Unconditional with Variable Fee (England and Wales).

Binding contracts of sale will be exchanged at the point of sale.

All sales are subject to SDL Property Auctions’ Buyers Terms. Properties located in Scotland will be subject to applicable Scottish law.

Auction Deposit and Fees:

The following deposits and non- refundable auctioneer’s fees apply:

  • 5% deposit (subject to a minimum of £5,000)
  • Buyer’s Fee of 4.8% of the purchase price for properties sold for up to £250,000, or 3.6% of the purchase price for properties sold for over £250,000 (in all cases, subject to a minimum of £6,000 inc. VAT). For worked examples please refer to the Auction Conduct Guide.

The Buyer’s Fee does not contribute to the purchase price, however it will be taken into account when calculating the Stamp Duty Land Tax for the property (known as Land and Buildings Transaction Tax for properties located in Scotland), because it forms part of the chargeable consideration for the property.

There may be additional fees listed in the Special Conditions of Sale, which will be available to view within the Legal Pack. You must read the Legal Pack carefully before bidding.

Additional Information:
For full details about all auction methods and sale types please refer to the Auction Conduct Guide which can be viewed on the SDL Property Auctions’ home page.

This guide includes details on the auction registration process, your payment obligations and how to view the Legal Pack (and any applicable Home Report for residential Scottish properties).

Guide Price & Reserve Price
Each property sold is subject to a Reserve Price. The Reserve Price will be within + or – 10% of the Guide Price. The Guide Price is issued solely as a guide so that a buyer can consider whether or not to pursue their interest. A full definition can be found within the Buyers Terms.