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46 Maxwell Road, Wolverhampton, West Midlands WV2 1DP

Lot no: 90 Sold at Auction for £87,500
 

Guide Price £55,000+ 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 23rd February 2023

10.00am
Key Features
  • Mid terraced property with three bedrooms
  • In need of refurbishment
  • Popular residential location
  • Easy access to a wide range of local amenities and road links
  • EPC Rating: D
  • Council Tax Band: A
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Sold at Auction for £87,500

Terraced House

Property Description:

A three bedroom terrace property with bags of potential. The property is in need of renovation and offers a fantastic opportunity to add value and once refurbished thought suitable as an excellent buy to let property for any investor looking to add to their portfolio in this very popular residential location.

To the ground floor, the property has two reception rooms, kitchen and downstairs bathroom and three good sized bedrooms to the first floor. There is also a rear garden.

May be potential to create a four bedroom house share or split the property into two apartments, all pending the appropriate necesary consents. Prospective buyers are advised to make all necessary independent enquiries prior to placing their bid as this will be binding.

Viewings highly recommended.

Ground Floor:
Lounge
Dining Room
Kitchen
Bathroom
First Floor:
Bedroom One
Bedroom Two
Bedroom Three
Outside:
Rear Garden
Draft Sales Details

These sales details are awaiting vendor approval.

Tenure:

Freehold. Vacant possession upon completion.



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.


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 and will be considered as part of the chargeable consideration for the property in the calculation of stamp duty liability.

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.


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.
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