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Riverview Cottage, Bridge Street, Bridgnorth, WV15 6AF

Lot no: 167 Sold Prior to Auction
 

Guide Price £130,000 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 25th March 2021

10.00am
Key Features
  • Grade II Listed Semi Detached Cottage
  • Two Reception Rooms
  • Period Features
  • Parking and Good Size Garden
  • EPC Rating: N/A
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Sold Prior to Auction

Semi-detached house

Property Description:

We are proud to represent a unique opportunity to purchase a 2-bedroom cottage in need of full renovation. The property presents itself as a fantastic opportunity for investors/landlords/builders, with its great scope and opportunities as a holiday home.

Riverview Cottage is a grade 2 listed semi-detached cottage, with period features throughout.

The property was flood damaged back in February 2020, and work will need to be carried out to bring it back to standard. There is a Flood Resilience Grant in place for the new buyer to put up flood defences at the bottom of the drive. Please call us for more information on this.


The ground floor comprises of Kitchen, dining room, and large living room with walk through area to gain access to the dining room and access to the first floor. The great living room in the property benefits from bay windows and double doors leading to the garden, as well as feature beams and fireplace.

The 1st floor leads to the master bedroom with fireplace and bay windows to the front. From the landing you have a smaller 2nd bedroom, and finally a family bathroom with bath/overhead shower, WC and hand basin.

Externally the property has parking for 2 cars, and a good-sized garden.

EPC: EPC Exempt TENURE: Freehold SERVICES: All mains services connected. LOCAL AUTHORITY: Shropshire council

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.