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2 Severn Cottages, Severnside, Highley, Bridgnorth WV16 6NU

Lot no: 186 Sold Prior to Auction
 

Guide Price £86,000 plus fees

Conditional with Reservation FeeOn the fall of the hammer, the successful bidder will enter into a Reservation Agreement with the seller and be granted an exclusivity period of 60 days to purchase the property (unless the Special Conditions of Sale specify a different timescale). The successful bidder must use the exclusivity period to proceed to exchange of contracts and complete the purchase. On the fall of the hammer, the successful bidder must immediately pay a non-refundable Reservation Fee of 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 Reservation Fee is subject to a minimum of £6,000.

Thursday 30th September 2021

10.00am
Key Features
  • Terrace Cottage
  • Two Reception Rooms
  • Two Double Bedrooms
  • In Need of Renovation
  • EPC Rating: E
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Sold Prior to Auction

Cottage

Property Description:

The village of Highley is situated approximately seven miles from the market town of Bridgnorth with wonderful rolling Shropshire countryside surrounding the village. Highley is within easy access of Ironbridge, Telford and the West Midlands conurbation whilst the area is close to beautiful wooded walks, the River Severn, The Severn Valley Railway and provides an ideal balance of town and country life. Highley is a very popular commuter village with a full range of shops and local amenities including the leisure facilities at the Severn centre and Highley primary school.

Enjoying this tranquil setting on the banks of the River Severn this cottage is in need of full renovation and offers great potential as a country retreat or a holiday let/fisherman's cottage. The location has a great selection of countryside walks and pubs, along with local activities on your door step such as the Severn Valley Railway and Museum, pubs, fishing, kayaking and golfing.

Entering the cottage through the front courtyard, with shared gated access, the front door opens through into the LOUNGE with log burner and window to the
front elevation. Leading through into a further RECEPTION ROOM/DINING ROOM with stairs off to the first floor and a large log burner with a back boiler
supplying the central heating. The KITCHEN is to the rear with a window and door into the LEAN-TO with a back door opening out to the rear garden and
adjoining store.
To the first floor there are TWO DOUBLE BEDROOMS and a fitted bathroom to include a WC, wash hand basin, shower cubicle and airing cupboard with a
window to the rear aspect.
To the front the cottage benefits from a paved patio seating terrace to enjoy the views. There is a private rear garden with a large secure store, shed and
adjoining store. Rear gated access leads to a tarmac driveway where the cottages each have an allocated parking space.
SERVICES:
We are advised by our client that mains water and electricity are connected. Private drainage. Solid fuel central heating. Verification should be obtained from
your surveyor.
TENURE:
We are advised by our client that the property is FREEHOLD. Verification should be obtained by your Solicitors.
COUNCIL TAX:
Shropshire Council www.mycounciltax.org.uk/content/index
FIXTURES AND FITTINGS:
By separate negotiation.
VIEWING ARRANGEMENTS:
Viewing strictly by appointment only. Please contact the BRIDGNORTH OFFICE.
DIRECTIONS:
Leaving Bridgnorth heading out towards Chelmarsh on the B4555. Passing through the Hamlets of Eardington and Chelmarsh. You will enter the Village of
Highley. Follow the road straight through onto the High Street. Take a left turn into Station Road and continue down towards the River Severn passing under the railway bridge and bear left with the river positioned on your right hand side. Continue past 'The Ship Inn' where the 2 Severn Cottages is located on the left
hand side identified by our for sale board.
Tenure Auction Method Auction Method: The auction for this property will be conducted online through our online-bidding platform. This is a Timed Auction, so
there are no other lots being sold alongside this property. The timeslot for the auction is displayed on SDL Auctions' website. To view this, search for the
property on their website. Then click onto the property to view the property details. The time remaining to bid and end date of the auction is displayed on the
page. You are required to undertake identity checks before you can be authorised to bid. You must also provide your payment details. If you do not provide this
information, your registration will not be processed. When you place your bid, you are deemed to have agreed to SDL Auctions' Buyers Terms (England & Wales)
which are available on SDL Auctions website.
Auction type - Unconditional with Variable Fee If you are the highest bidder, you must exchange legally binding contracts for the sale when the auction for the
property comes to an end. You must then pay the applicable fees and deposit. You must complete the sale within 20 business days unless the Special Conditions
of Sale contained within the Legal Pack state otherwise.

Lounge

With log burning and window to the front elevation.

Reception/ Dining Room

with stairs off to the first floor and a large log burner with a back boiler supplying the central heating

Kitchen

is to the rear with a window and door into the Lean-To with a back door opening out to the rear garden and adjoining store.

First Floor

Two Double Bedrooms and a fitted bathroom to include a WC, wash hand basin, shower cubicle and airing cupboard with a window to the rear aspect.

Outside

To the front the cottage benefits from a paved patio seating terrace to enjoy the views. <br>There is a private rear garden with a large secure store, shed and adjoining store. Rear gated access leads to a tarmac driveway where the cottages each have an allocated parking space

Note:

The property has a septic tank.

Tenure:

Freehold. Vacant possession upon completion.


Auction Method
The auction for this property will be conducted online through our online-bidding platform. This is a "Timed Auction", so there are no other lots being sold alongside this property.
The timeslot for the auction is displayed on SDL Property Auctions' website. To view this, search for the property via their website, then click onto the property to view the property details. The time remaining to bid, and end date of the auction, is displayed on the page.
You are required to undertake identity checks before you can be authorised to bid. You must also provide your payment details. If you do not provide this information, your registration will not be processed.
When you place your bid, you are deemed to have agreed to SDL Property Auctions' Buyers Terms (England & Wales) which are available to read on SDL Property Auctions' website.

Auction type - Conditional with Reservation Fee
If you are the highest bidder when the auction for the property comes to an end, you will enter into a reservation agreement with the seller. You must then pay the applicable reservation fee. You will then have 40 business days within which to exchange contracts and complete the sale, unless the Special Conditions of Sale contained within the Legal Pack specify a different time limit. If you fail to do so, you may lose your reservation fee. During the 40-business day reservation period, the seller is not able to accept other offers.

Auction Fees
The following non-refundable fees apply:
Reservation Fee- payable immediately when the auction ends. This is calculated as a percentage of the actual purchase price of the property. Either:
(a) 4.8% (including VAT) of the purchase price, for properties up to and including £250,000
(b) 3.6% (including VAT) of the purchase price for properties sold for over £250,000
The Reservation Fee is subject always to a minimum of £6,000 (including VAT). The Reservation Fee does not contribute to the purchase price.
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 Special Conditions carefully before bidding. Any additional fees are included at the seller's discretion, not on the instruction of SDL Property Auctions, and will be in addition to any fees payable to us.  SDL Property Auctions has limited control over the content of the Special Conditions of Sale.

Deposit
This property is listed under the Conditional with Reservation Fee sale method, therefore the deposit will be payable on exchange of contracts and executed via the solicitors. The amount to be paid will be listed in the Special Conditions of Sale.

Payment Method:
When you register to bid, you will be prompted to provide your payment details to SDL Property Auctions. In the event that you are the winning bidder, your card will automatically be charged a proportion of the Reservation Fee. The payment will be calculated based on the guide price of the property, in line with the fee scale described above. Where the actual purchase price is higher than the guide price, you will be required to pay the difference immediately after the end of the auction, which can be paid by debit card or bank transfer.  Payment by cash or cheque will not be accepted.

Example: You win the bid on a property with a guide price of £150,000, but the actual purchase price is £170,000. At this point your bid is successful you will be charged as follows:
Reservation fee of £7,200 – calculated as 4.8% of guide price - this will be charged immediately after the auction if you are the winning bidder.
As the actual purchase price amounted to £170,000, after the auction, you will be required to pay the following additional amounts on top of the initial payment:
£960 for Reservation Fee shortfall (£8160 due as 4.8% of actual purchase price)

Legal Pack
Before bidding, you must view the legal pack for the property. This is the collection of legal documents that apply to the sale. The documents will include but are not limited to: Special Conditions of Sale, title documents from the Land Registry and Energy Performance Certificate.
To view the legal pack, first search for the property on SDL Property Auctions' website, and click onto the property to view the property details. There will be a sub-heading "Legal Documents". Underneath this, you will be prompted to "Log in to view the legal documents".  Follow this link, you will then be directed to create an account with Auction Passport to view the documents. 
The legal pack can change at any time up until the auction starts so you must check for the most recent version of the legal pack. At the point of placing your bid, you are deemed to have read the legal pack in its entirety, including any changes. Failure to check for changes to the legal pack will not be a valid reason for withdrawing from the sale.
It is strongly recommended that you instruct a qualified professional to review the legal pack and raise any necessary enquiries before bidding.

Special Conditions of Sale
The property is sold subject to any Special Conditions of Sale. These are contractual conditions that are included by the seller of the property - they are not part of SDL Property Auctions' terms and conditions. The Special Conditions of Sale are legally binding. You are taken to have read and accepted these at the point of bidding, even if you have not done so. The Special Conditions of Sale are available to read in the legal pack.

Registration Process:
To register to bid on the property, search for the lot on SDL Property Auctions' website. Click onto the property, follow the link to "Log in/register to bid", and you will then be directed to create an account with the online-bidding platform provider, EIG.