Terraced House
Property Description:
Situated on the edge of Redruth town centre is this spacious two-bedroom mid terrace home is currently let at £675pcm meaning a return of circa 6% on your investment.
With the benefit of off road parking to the front and a large rear enclosed garden enjoying the sun to the rear, this property offers a deceptive amount of external space including a small outbuilding ideal for garden wares.
Internally, from the front door; the entrance hall provides access to a large lounge with feature fireplace and double glazed window and a kitchen/diner which overlooks the rear garden with access via a uPVC double glazed door. The first floor the has two double bedrooms, a storage cupboard and modern bathroom with three piece suite.
Tenure:
Freehold. Subject to tenancy.
Auction Method:
The sale of this property will be conducted online. This is a "Buy-It-Now" lot, so there are no other lots being sold alongside this property.
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).
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 standard 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 the auctioneer SDL Property Auctions and will be in addition to any fees payable to the auctioneer. 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 buy the property, you will be prompted to provide your payment details. Once your registration has been processed, your card will automatically be charged the value of the applicable auction fee and deposit.
Legal Pack
Before placing your bid, you must view the legal pack. 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.
The Legal Pack can be viewed on SDL Property Auctions' website under the sub-heading "Legal Documents". Underneath this, you will be prompted to "log in to view the legal documents". Follow this link, and 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 you place your bid, 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 placing your bid.
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.
Energy Performance Certificate
The EPC for this property can be viewed on SDL Property Auctions' website by logging in to view the legal documents for the property. Go to the "Legal Documents" area. Underneath this, you will be prompted to "log in to view the legal documents". Follow this link, and you will then be directed to create an account with Auction Passport to view the documents.
Registration Process:
To register to bid on the property, please go to SDL Property Auctions' website and follow the link to "Log in/Register to Bid". You will then be directed to create an account with the online-bidding platform provider, EIG.
Disclaimer: In some exceptional circumstances there may be a delay in processing your registration. If this delay results in another person placing a successful offer, SDL Property Auctions are not liable to you for any loss of opportunity.
Available Price
The property is available to purchase immediately at the price listed on the lot.
