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43 Gaia Lane, Lichfield WS13 7LW

Lot no: 67 Sold at Auction for £466,000
 

Guide Price £425,000+ 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.

Tuesday 5th September 2023

10.00am
Key Features
  • Four bedrooms
  • Vacant posession on completion
  • Double garage
  • Two bathrooms
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Sold at Auction for £466,000

Detached house

Property Description:

An exciting project for its new owners to acquire this executive detached family home, situated on one of the most exclusive roads in Lichfield within close proximity of the cathedral and just a stone's throw from Stowe Pool. The cathedral city of Lichfield hosts a range of boutique shops, cosy cafés, markets, pubs and a vast array of restaurants. For commuters, nearby road links include the A5, A38 and M6 toll road and Lichfield is home to two train stations including Lichfield City and Trent Valley Station, from which there are services to Bromsgrove, Birmingham, London Euston along with many more destinations. For local schooling, this property falls into the catchment area for Chadsmead Primary Academy and for secondary school its The Friary School located off Eastern Avenue in Lichfield.

This executive detached home is being offered to the market for sale via auction and whilst does require modernisation, it offers superb potential for vast improvement to create a superb family home in a highly sought after location. The property comprises entrance porch, entrance hallway with carpeted flooring and doors off into the three reception rooms, kitchen and guest WC. There is a large dual aspect living room with a front facing window, carpeted flooring and to the rear UPVC double glazed sliding doors opening out onto the rear garden. The second reception room is a generously proportioned dining room with a UPVC double glazed window to the front aspect, carpeted flooring and serving hatch into the kitchen. The third reception room is a superb versatile space ideal as a family room/play room or even a study for those looking to work from home. The breakfast kitchen is fitted with a matching range of wall and base units with an inset stainless steel sink with chrome mixer tap over and tiled splashbacks, four ring electric hob with extractor hood above and a built in double oven. There is a separate utility room, a door leading into the garage and two downstairs WCs.

Upstairs there are four generous sized bedrooms, all with fitted storage and the master bedroom benefitting from its own en-suite bathroom. The family shower room is fitted with a low level flush WC, wash-hand basin, fully tiled walls and flooring, chrome heated towel rail and a shower enclosure with mains shower. Externally the property sits on a generous plot with large tarmac driveway to the front providing parking for several vehicles, leading to the internal double garage with electric up and over door and a large lawned front garden. To the rear of the property is a fully enclosed rear garden with a paved patio seating area, ideal for summer entertaining and a lawned garden.

Agents Notes – We have Asbestos report, drain diagram & a limited structural survey report available to view at our Lichfield office.

Draft Sales Details

These sales details are awaiting vendor approval.

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.

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.