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42 Chaucer Avenue, Willenhall, West Midlands WV12 5JN

Lot no: 179 Sold at Auction for £55,000
 

Guide Price £45,000 - £55,000 plus fees

Unconditional with Fixed FeeOn the fall of the hammer, the successful bidder will be legally bound to purchase the property. The successful bidder must immediately exchange contracts and pay a 10% deposit (subject to a minimum of £5,000), along with a non-refundable Buyer’s Fee. The Buyer’s Fee is £1500, and completion must take place within 30 days, unless the Special Conditions of Sale state otherwise.

Thursday 29th February 2024

10.00am
Key Features
  • Guide Price Range: £45,000 - £55,000
  • Two Bedrooms
  • Tenant in Situ
  • Income of £8,400 annually
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Sold at Auction for £55,000

Maisonette

Property Description:



Two bedroom first floor maisonette located in Willenhall which is approximately 2.5 miles to the North East of Walsall.

Comprising of a porch, hallway, lounge, kitchen, master bedroom with en suite, second bedroom and bathroom.

This property is currently achieving £700 per calendar month, £8,400 annually.

Porch
Hallway
Lounge

3.01m x 2.77m

Kitchen

2.08m x 1.58m

Bedroom one

3.22m x 2.62m

En suite

1.66m x 1.22m

Bedroom two

3.01m x 2.22m

Bathroom

2.72m 1.71m

Leasehold Information

It is understood there are 90 years remaining on the lease, but this will be confirmed within the legal pack. Any ground rent and service charge review periods will be confirmed in the lease documents within the legal pack.

Additional Information:

Construction Material: Standard brick. Services: All mains services connected. Heating: Boiler, mains gas. Coverage: Broadband - Standard, Ultrafast and Superfast is available in this location. Mobile signal - O2 and vodafone show as high in this area, and EE and Three as low. Satellite and Cable - BT, Sky and Virgin show as available in this area.

Draft Sales Details

These sales details are awaiting vendor approval.

Tenure:

Leasehold. Subject to tenancy.

Unexpired Years

90



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 Fixed Fee.

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 fee apply:

• 10% deposit (subject to a minimum of £5,000)

• Buyers Fee of £1,500 inc. VAT

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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