FOR SALE BY AUCTION: To be sold by public auction on the owner's instruction. A five bedroom freehold detached house in need of modernisation and configured as a four bedroom house with a one bedroom annexe on Hayling Island. WIth an extent of 1,808 SQFT the property has parking to the front paved area, a detached garage and a rear enclosed garden. To be sold via online bidding on Friday, 25 October 2024.
Auctioneers comments: 'This Lot offers investors the clear opportunity to compete to buy a property that can be modernised and resold at a profit once modernised'
Auction date
The property is to be sold by public auction on Friday, 25 October 2024 via a 2-hour online bidding window.
Description
Five bedrooms, freehold, in need of modernisation, annexe, detached garage
Location
Hayling Island, Hampshire, 2.2 miles to Havant Train Station
Accommodation
Ground floor: living room, kitchen/diner, shower room, three bedrooms, two WC, living room/kitchen
First floor: two bedrooms
Outside
Front paved area, rear enclosed garden, detached garage
EPC rating
E
Tenure
Freehold
Local authority and council tax band
Hampshire County Council
Havant Borough Council
Council tax band: D
Pre-auction bids
To make a pre-auction bid, you must be an approved bidder. Once you have set up your online bidding account, verified your ID and paid the security deposit, you can email the amount you would like to bid. The common auction conditions and special conditions apply to all pre-auction bids, and no conditions will be acceptable. Should your pre-auction bid be accepted, you will need to immediately pay the balance of the 10% deposit (min. £5,000) and all auction fees listed. The Auctioneer reserves the right to refuse any bid.
Auction fees
In addition to the 10% deposit (min. £5,000) of your winning bid, you must pay an auction buying commission of 1.5% plus VAT (min. fee of £3,500 plus VAT) of the purchase price. Please be aware that additional fees may be payable on completion, including disbursements in the legal pack. Check the legal pack for each lot you are interested in before bidding.
* Generally speaking Guide Prices are provided as an indication of each seller's minimum expectation, i.e. 'The Reserve'. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Virtually every property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide.
By setting a proxy bid, the system will automatically bid on your behalf to maintain your position as the highest bidder, up to your proxy bid amount. If you are outbid, you will be notified via email so you can opt to increase your bid if you so choose.
If two of more users place identical bids, the bid that was placed first takes precedence, and this includes proxy bids.
Another bidder placed an automatic proxy bid greater or equal to the bid you have just placed. You will need to bid again to stand a chance of winning.