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5 Railway Row, Codnor Park, Nottingham, Nottinghamshire NG16 5PH

Timed Auction
 

Guide Price £100,000+ 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.
Timed Auction

Friday 28th April 2023

2.00pm
Key Features
  • Three Bedroom Mid Terraced House
  • Two Reception Rooms
  • Garage
  • Close proximity to village centre
  • EPC Rating: E
  • Council Tax Band: A
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Terraced House

Property Description:


Three bedroom mid terraced house offered for sale.

Positioned within this popular residential location known locally as Codnor Park within Ironville, the property sits within walking distance of the village centre, as well as easy reach of Codnor Park Reservoir.

The property benefits from double glazing, generous garden space to the rear, garage situated at the end of the plot accessed from the road to the rear, two multifuel burners (one of which controls the solid fuel heating).

The accommodation sits over two floors and comprises front living room with turning staircase rising to the first floor, middle dining room, rear lobby, and bathroom to the ground floor. The first floor landing then provides access to three bedrooms.

Draft Sales Details

These sales details are awaiting vendor approval.

Note

Prospective buyers are advised to make all necessary independent enquiries prior to placing their bid as this will be binding.

Tenure:

Freehold. Vacant possession upon completion.



Auction Details

The sale of this property will take place on the stated date by way of Timed Auction and is being sold as Conditional with Reservation Fee (England and Wales).

Contracts of sale will not be immediately exchanged. As the successful buyer, you will enter into a 40 business-day exclusivity agreement with the seller, in which to exchange contracts and complete. Please refer to our Auction Conduct Guide for further information on our auction types and sale methods.

All sales are subject to SDL Property Auctions’ Buyers Terms.


Auction Fees

The following non- refundable auctioneers fee applies:

• Reservation 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 Reservation 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.