6-week completion, 3-bedroom semi-detached house, in need of modernisation
FOR SALE BY AUCTION: The auction guide price range is £240,000 to £325,000. A 3-bedroom semi-detached non-standard construction freehold house in need of modernisation. The property will be offered for sale by public auction via online bidding which will open at 09.00 AM on Friday 1 July 2022 and close at 2.00 PM on Friday 1 July 2022. Full details in the legal pack with a 6-week completion after the sale.
Auctioneer's comments: " This lot offers an opportunity to purchase a well looked after house that has been cared for by generations of the same family, it has scope to be modernised and extended to create a valuable asset for investors and home-owners alike."
Auctioneers comments: " This lot offers an opportunity to purchase a well looked after house that has been cared for by generations of the same family, it has scope to be modernised and extended to create a valuable asset for investors and home-owners alike."
Auction date:
To be sold by public auction via a 2-hour online bidding window on Friday 1 July 2022, bidding will open at 12.00 AM and close at 2.00 PM
To view:
A 30-minute managed block viewing will be conducted on Tuesday 28 June 2022 at 2.00 PM. The block viewing will last 30-minutes and no viewings will be permitted outside of this date and time. In order to attend this viewing, you will need to book in via Calendly once you have set up your online bidding account and reviewed the terms of the auction. A video tour is available
Registration:
All bidders are required to register in order to be approved to bid. This can be done via the lot listing on our website via the 'Traditional Auction Lots' page. Once registered you will be able to view and download the legal pack (when available), please note that in order to bid you will need to complete our Credas ID check (sent once you register) and have provided a payment card within the 6-days before the auction. Only the bidder needs to register, after the auction the bidder can nominate additional buyers or a company to be the buyer, please note that if the ID checks for these nominated persons are not received within 2-hours of the auction, the bidder will be noted as the buyer on the contract.
Location:
* Dagenham, London * 0.7 miles to Dagenham Heathway * 1.8 miles to Chadwell Heath railway station
Description:
* Semi-detached * Freehold * 3-Bedrooms * In need of modernisation
Accommodation:
Ground floor: Living room, shower room, kitchen
First floor: 3-Bedrooms
Outside:
Front yard, rear garden, side access gate
EPC rating:
D
Tenure:
Freehold with vacant possession
Local authority:
London Borough of Barking and Dagenham
Council tax band:
C
Legal pack:
For each traditional auction lot, there are special conditions of sale and other documentation provided by the sellers’ conveyancer. If you wish to view and download the legal pack, you will need to register an online bidding account via the link on our website. Once you have set up your online bidding account you will receive a notification by email when the legal pack is received from the conveyancer.
Guide prices:
Guide Prices are provided as an indication of each seller's minimum expectation. They do not necessarily set the figure that a lot will sell for and may change at any time prior to the auction. Each lot will be offered subject to a reserve, (a figure below which the auctioneer cannot sell the lot during the auction) which will be set within a reasonable bidding range of the stated guide price.
Pre-auction bids:
These must be made in writing by email and will only be considered when an online bidding accounting has been set up, including the ID confirmation and a payment card uploaded to the account. Pre-auction bids are on the basis of the terms of the auction, this means an immediate exchange of contracts upon acceptance with a 10% deposit as well as the auction fees listed.
Auction fees:
The auction fees to be paid by the buyer are a £2,500 plus VAT buyer's fee and a 2% plus VAT sale commission, these are paid on winning the bidding and are separate from the purchase price of the lot. Bidders are advised to take these fees into consideration when bidding. For example, if the winning bid is £300,000, the buyer will pay the 10% legal deposit (£30,000) and the auction fees (£8,500 plus VAT). In order to bid a hold is placed on a security deposit of £5,000, on winning the bidding this is taken immediately and the balance of the 10% deposit and auction fees are to be paid by transfer immediately after the auction.
Online bidding:
In order to bid when the lot opens at 09.00 AM on Friday 1 July 2022 you will need to set up your online bidding account through the specific lot on our website under 'Current Auction Lots'. Ensure you read our 'Auction Buying Guide' carefully. In order to be approved to bid you will need to complete your online bidding account, you will need to confirm your ID and residency through a Credas link that will be emailed to texted to you, within a week of the auction (Saturday 4 June 2022 12.00) you will need to upload a valid payment card and a hold will be placed on the security deposit amount which is £5,000 for this lot (please note that when you win the bidding you are required to pay the 10% deposit and the auction fees of £2,500 plus VAT and 2% of the sale price plus VAT, once the £5,000 is taken you will be invoiced by email for the immediate payment of the balance. Completion will be specified in the special conditions contained in the legal pack (this pack is found for download in your online bidding account).
Method of sale:
Please note that the method of sale is by auction, with the immediate and unconditional exchange of contracts when the auction ends under the terms of the V4 Common Auction Conditions.
* 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.
Lot 10 - 50 Croppath Road, Dagenham, Essex, RM10 8BN
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