Lower Somercotes, Alfreton, DE554NS

Starting Price* £90,000
Time Left 17d 10h 11m 26s

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  • Overview
  • Particulars
  • Request Details
  • Agent Details
  • Fees & Charges Explained

Property Overview

This is an ideal opportunity for an investor to acquire a two bedroom mid-terraced property with the added bonus of a self-contained basement flat, both of which have undergone a programme of improvements. The properties are independently registered and have their own gas and electric supplies and community charge. The larger of the two dwellings comprises: a spacious Lounge and a refurbished Kitchen with a range of high gloss effect wall and base units. On the first floor there are two double Bedrooms and re-fitted Bathroom. The basement studio flat comprises: an entrance Lobby, refitted Shower Room, Lounge/Bedroom and a modern fitted Kitchen. There is a useful storage recess/wardrobe area. Outside, there is a shared garden area to the rear of the property. NO UPWARD CHAIN.

Starting Bid and Reserve Price

*Please note this property is subject to an undisclosed reserve price which is generally no more than 10% in excess of the starting bid, both the starting bid and reserve price can be subject to change. Terms and conditions apply to the Modern Method of Auction, which is powered by IAM Sold.

Auctioneer's Comments

This property is for sale by the Modern Method of Auction which is not to be confused with traditional auction. The Modern Method of Auction is a flexible buyer friendly method of purchase. We do not require the buyer to exchange contracts immediately; however, from the date the draft contract for sale is received by the Buyer's solicitor, the buyer has 56 DAYS in which to complete the transaction; whilst using every endeavour to exchange contracts within the first 28 days. Allowing the additional time to exchange contracts means interested parties can proceed with traditional residential finance. Upon close of a successful auction, or if the vendor accepts an offer during the auction, the buyer will be required to make payment of:

Energy Performance Certificate (EPCs)

Energy Performance Certificates (EPCs) give information on how to make your home more energy efficient and reduce your energy costs. All homes bought, sold or rented require an EPC. EPCs carry ratings that compare the current energy efficiency and estimated costs of energy use with potential figures that your home could achieve. Potential figures are calculated by estimating what the energy efficiency and energy costs could be if energy saving measures were put in place. The rating measures the energy efficiency of your home using a grade from ‘A’ to ‘G’. An ‘A’ rating is the most efficient, while ‘G’ is the least efficient. The average efficiency grade to date is ‘D’. All homes are measured using the same calculations, so you can compare the energy efficiency of different properties.

Property Particulars

Lounge The property is approached via a uPVC front entrance door giving access into the lounge, 11' 7" x 11' 4" (3.53m x 3.45m) into the chimney recess, having a uPVC double glazed window to the front elevation, laminate flooring and central heating radiator. General This property is for sale by the Modern Method of Auction which is not to be confused with Traditional Auction. The Modern Method of Auction is a flexible buyer friendly method of purchase. We do not require the purchaser to exchange contracts immediately, but grant 28 days thereafter to complete Allowing the addition time to exchange of the property means interested parts can proceed with traditional residential finance Upon close of a successful auction or if the vendor accepts an offer during the auction, the buyer will be required to put down a non-refundable Reservation Fee of 4.20% subject to a iniumum fe of £6000 inclusive of v.a.t. which secures the transaction and takes the property off the market. The buyer will be required to sign an Acknowledgment of Reservation form to confirm acceptance of the terms prior to solicitors being instructed. Copies of the Reservation form and all terms and conditions can be found in the Legal Pak which can be download... Landing Doors to all rooms. Bedroom 1 11' 7" x 11' 4" (3.53m x 3.45m) into chimney recess, having a uPVC double glazed window to the front elevation and central heating radiator. Bedroom 2 12' 7" x 6' 4" (3.84m x 1.93m) having a uPVC double glazed window to the rear elevation and central heating radiator. Bathroom 9' x 4' 7" (2.74m x 1.40m) Fitted with a brand new white three piece suite comprising panelled bath with shower attachment, low flush WC and pedestal wash hand basin, complementary tiling to full height, uPVC double glazed window to the rear elevation and central heating radiator. Entrance Lobby The property is approached via a uPVC side entrance door giving access into the entrance lobby with central heating radiator. Shower Room 9' 9" x 6' 4" (2.97m x 1.93m) Recently re-fitted with a corner shower enclosure, low flush WC and wash hand basin, uPVC double glazed window to the side elevation and complementary tiling to the walls. Lounge/Bedroom Area 12' 4" x 11' 6" (3.76m x 3.51m) having a uPVC double glazed window to the rear elevation and central heating radiator. Lobby With large storage space ideal for built-in wardrobe. Kitchen 11' 5" x 11' 7" (3.48m x 3.53m) Recently re-fitted with an extensive range of cream wall and base units with complementary work surfaces over incorporating a single sink and drainer, built-in electric oven and hob and brick effect tiled splashbacks. Garden The property has a rear yard area and access to a shared garden.

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Derbyshire Properties (Estate Agents) Limited

Local Branch: 20a King Street, Alfreton, DE55 7AG
Head Office: 20a King Street, Alfreton, DE55 7AG

Fees & Charges Explained

Lower Somercotes, Alfreton, DE554NS

This property is sold subject to payment of a non-refundable reservation fee of 4.2% to a minimum of £6,000.00 including VAT.

Any successful purchaser will pay this to secure the sale. The reservation fee is in addition to the purchase price. Please take this into account when bidding.

A reservation fee is payable by the buyer only when the seller pays no fees to sell. As sellers pay no fees to sell, this is usually taken into account with a lower reserve price.

This property is being sold under the Modern Method of Auction, which requires the completion of the purchase to be within 56 days, although all reasonable endeavours must be made to exchange contracts within 28 days following the Draft Contract being received by the Buyer's Solicitor.

A non-refundable Reservation fee must be paid by the buyer within 2 hours following the conclusion of the auction or acceptance of an offer. This must be paid by cleared funds to the auctioneer who will issue an acknowledgement of reservation and purchase agreement In the 28 day period following the auction or the date of acceptance of the offer.

Buyers Information Pack

If the Buyer Information Pack Pack has been produced and provided by IAM Sold any successful purchaser will be required to pay £220.00 (including VAT) towards the cost of the preparation of the pack. These can then be used by your solicitor to progress the sale.

Buyer Fees

There are no other fees or charges payable to the Auctioneer however, there are other costs to consider such as:

  • You will need a Solicitor to act for you during the conveyancing and your Solicitor will advise you in relation to the associated costs. If you do not have a Solicitor, we can recommend the services of one of our Panel Solicitors who are all selected for their expertise in Auction Transactions. Please call the number below for more information.
  • Stamp Duty Land Tax (SDLT) is applicable if you buy a property or land over a certain price in England, Wales or Northern Ireland. Please click here for more information.

Need More Information?

For further information or to speak to one of our team, please call 0115 855 9731.

Disclaimer

These particulars, whilst believed to be accurate are set out as a general outline only for guidance and do not constitute any part of an offer or contract. Intending purchasers should not rely on them as statements of representation of fact, but must satisfy themselves by inspection or otherwise as to their accuracy. No person in this firms employment has the authority to make or give any representation or warranty in respect of the property.

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