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12 Downside, Brighton BN1 5EQ

Lot no: 201 Re-entry to a future auction
 

Guide Price £350,000+ 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 27th July 2023

10.00am
Key Features
  • Three bedroom semi-detached property
  • Requires renovation
  • Three bedrooms and two reception rooms plus breakfast kitchen
  • Huge potential to add value
  • Rear access allowing for creation of off road parking or garage subject to planning consent
  • Gardens front and rear, potential for home office, summer house subject to planning permission
  • Very sought after residential location
  • EPC Rating: D
  • Council Tax Band: D
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Re-entry to a future auction

Semi-detached house

Property Description:

A three bedroomed semi-detached property nestled in a prominent position overlooking Brighton.

This property is located in a very sought after residential location and requires updating, with its modest guide price viewing the property is highly recommended in order to fully appreciate the potential this family home has on offer.

The property has a very traditional layout and downstairs it has a spacious entrance hall, 15ft 8 lounge as well as a dining room and breakfast kitchen (which could be made in to a kitchen diner). Upstairs there are three bedrooms and a bathroom with separate wc. Outside there are gardens to the front and rear with access via a drive to the rear of the property. This opens up huge potential for a garage, off road parking, home office or other outbuilding (subject to obtaining planning consent. Prospective buyers must make all necessary independent enquiries in this respect for their specific, intended use prior to placing their bid, as this will be binding), and which some of the neighbouring properties have already done.

Entrance Hall

10ft 8 x 6ft 9

Lounge

15ft 8 x 11ft 1

Dining Room

12ft 4 x 9ft 6

Breakfast Kitchen

10ft 9 x 10ft 1

First Floor Landing

Leading to -

Bedroom One

13ft 7 x 12ft

Bedroom Two

14ft 1 x 9ft 6

Bedroom Three

12ft 5 max x 9ft max

Bathroom

Not measured

Separate wc

Not measured

Outside

Gardens to front and rear. Rear access offering potential for off road parking, garage, home office or other outbuilding subject to obtaining planning consent. Prospective buyers must make all necessary independent enquiries in this respect for their specific, intended use prior to placing their bid, as this will be binding.

Note

Please be advised that whilst our joint agent has conducted an inspection, the auctioneers have not personally inspected the property. Prospective buyers are advised to make a viewing enquiry and any other necessary independent enquiries before placing their bid, as this will be binding.

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. Properties located in Scotland will be subject to applicable Scottish law.


Auction Deposit and Fees

The following deposits and non- refundable auctioneers fees apply:

• 5% deposit (subject to a minimum of £5,000)

• Buyers 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 Buyers Fee does not contribute to the purchase price, however it will be taken into account when calculating the Stamp Duty Land Tax for the property (known as Land and Buildings Transaction Tax for properties located in Scotland), because it forms part of the chargeable consideration for the property.

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 (and any applicable Home Report for residential Scottish properties).


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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