Link detached house
DRAFT DETAILS
Link Detached property on the exclusive Arthur Road, Erdington. This is an unfinished project, so will make a fantastic development project. Being offered with no upward chain. Extension potential STPP!!
The property comprises: Entrance Hallway, Three Reception Rooms, Two Ground Floor Bathrooms, Kitchen/Breakfast Room, Utility, First Floor Landing, Five Bedrooms to First Floor, Shower Room, Second Floor Landing, Two Loft Rooms, Large Rear Garden and Large Frontage with potential for parking for multiple vehicles.
Arthur Road is located off Holly Lane in Erdington and is ideally located to access an array of local amenities to include; Schools, Colleges, Leisure Centers, Shopping Facilities, Public Parks along with Public Transport and Motorway Access Links.
This impressive property is set back from the road with a large frontage, with the potential for parking for multiple vehicles.
Having upvc double glazed front door, tiled flooring, guest WC, door giving access to cellar, stairs off to first floor landing, radiator and further doors off giving access to all downstairs rooms.
Having upvc double glazed bay window to front aspect, radiator and door giving access to sitting room.
Having upvc double glazed window and door to rear giving access to rear patio, radiator and door giving access to Bathroom.
Having upvc double glazed window to rear aspect, WC, Wash Hand Basin and tiling to walls and floor.
Having upvc double glazed window to front aspect and door giving access to Bathroom.
Having tiled flooring, WC and corner bath.
Having upvc double glazed window and door to rear aspect giving access to rear garden, a range of wall and base units with work surfaces over, sink with drainer, tiled splash backs, cooker recess, tiled flooring and door giving access to utility Room.
Currently a blank canvas with nothing fitted.
Having upvc double glazed window to rear aspect, radiator and doors off to all rooms and stairs off to second floor.
Having upvc double glazed windows to front and rear aspect and radiator.
Having upvc double glazed window to side aspect and radiator.
Having upvc double glazed window to rear aspect and radiator.
Having upvc double glazed window to front aspect and radiator.
Having upvc double glazed window to rear aspect and doors off to Loft Rooms.
Having upvc double glazed window to rear aspect and radiator.
Having upvc double glazed window to rear aspect, radiator and eaves storage.
Having upvc double glazed window to front aspect and radiator.
Being fully enclosed with large patio and large lawn.
We are advised by the current owner that the property is Freehold, however this will be verified by a Solicitor as part of the legal process.
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.
