4-Bedroom terrace house, in need of modernisation, 6-week completion
FOR SALE BY AUCTION: A 4-bedroom terrace freehold house in need of modernisation and suitable for investors and developers. Arranged over 4 floors and measuring approximately 1,388 sqft, this property is located in a popular residential area. The auction will be held via a 2-hour online bidding window on Friday 5 August 2022, starting at 10.00 and ending at 12.00. The auction guide price range is £290,000 to £370,000.
Auctioneer's comments: "This property offers investors and developers a unique opportunity to acquire a project in a popular location."
Auction date:
To be sold by public auction via a 2-hour online bidding window on Friday 5 August 2022, bidding will open at 10.00 and close at 12.00.
To view:
.There will be 2-managed block viewings of 30-minutes each, in order to book please first set up your online bidding account and you will be emailed a Calendly link to book into one of the viewing blocks. The planned managed block viewing dates are * Tuesday 2 August 2022 at 13.00 * Thursday 4 August 2022 at 15.00.
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 in the week 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:
* Whitby, Yorkshire * 0.2 miles to Whitby beach * 0.4 miles to Whitby rail station
Description:
* Freehold * Terrace house * In need of modernisation
Accommodation:
Lower ground floor: Dining/living room, kitchen, utility, shower room
Ground floor: Family room, reception room
First floor: Bedroom 1, bedroom 2, bathroom
Second floor: Bedroom 3, bedroom 4, store
Outside:
Rear garden, detached garage
EPC rating:
D
Tenure:
Freehold with vacant possession
Local authority:
North Yorkshire County Council
Scarborough Borough Council
Council tax band:
D
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, in a traditional auction, this means an immediate exchange of contracts upon acceptance with a 10% deposit as well as the buyer's fee listed.
Auction fees:
A sale commission of 2% plus VAT and buyer’s fee of £2,500 plus VAT is payable on each lot you buy, in addition to the sale price. Please be aware there may be additional fees, including disbursements in the legal pack payable on completion. Please ensure that you check the legal pack for each lot that you are interested in, prior to bidding.
Online bidding:
In order to bid when the lot opens 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, and within a week of the auction you will need to upload a valid payment card and a hold will be placed on the security deposit amount listed for this lot (please note that when you win the bidding you are required to pay the 10% deposit and the auction/buyers fee, once the security deposit is taken you will be invoiced by email for the immediate payment of the balance).
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 17 - 2 South Terrace, Whitby, North Yorkshire, YO21 3HG
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