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Old Exeter Street, Newton Abbot, TQ130JT

This auction has ended!
Bid Count:
7
   
Final Bid:
£106,000.00
  • Overview
  • Particulars
  • Agent Details
  • Fees & Charges Explained

Property Overview

Situated in the popular town of Chudleigh this property benefits from a good size living area and large loft space with the potential to convert subject to building regulations. With great access to the A38 this property would be ideal for a first time buyer or as a second home. The accommodation comprises lounge, kitchen, two bedrooms, bathroom and a loft room. The property benefits from gas central heating and UPVC double glazing.

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 offered through Modern Method of Auction. Should you view, offer or bid your data will be shared with the Auctioneer, iamsold.

This method requires both parties to complete the transaction within 56 days, allowing buyers to proceed with mortgage finance (subject to lending criteria, affordability and survey).

The buyer is required to sign a reservation agreement and make payment of a non-refundable Reservation Fee of 4.2% of the purchase price including VAT, subject to a minimum of £6,000.00 including VAT. This is paid in addition to purchase price and will be considered as part of the chargeable consideration for the property in the calculation for stamp duty liability.

Buyers will be required to go through an identification verification process with iamsold and provide proof of how the purchase would be funded.

This property has a Buyer Information Pack containing documents about the property. The documents may not tell you everything you need to know, so you must complete your own due diligence before bidding. A sample copy of the Reservation Agreement and terms and conditions are contained within this pack.

The buyer will also make payment of £300.00 including VAT towards the preparation cost of the pack.

The Partner Agent and Auctioneer may recommend the services of third parties to you, in which they may be paid for the referral. These services are optional and you will be advised of any payment, in writing, before any services are accepted.

Listing is subject to a start price, and hidden reserve price that can change.

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

Accommodation UPVC double glazed front door opens through to Lounge 10' 11" x 10' 4" ( 3.33m x 3.15m ) Front aspect UPVC double glazed window. Wall mounted radiator. Feature open fireplace with log burner. Door through to Kitchen 12' 4" x 11' max into stairs ( 3.76m x 3.35m max into stairs ) UPVC double glazed window. Wooden glazed door leading out to the side. Range of wall and base units with wood effect worksurfaces over and complimentary tiled splash backs. Inset stainless steel sink and drainer unit with mixer tap over. Built in electric oven with inset four ring electric hob and stainless steel cooker hood above. Space and plumbing for washing machine. Space for fridge. Wall mounted gas condensing boiler for the hot water and central heating system. Understairs storage cupboard. Stairs to First Floor Landing Access to the loft room with pull down loft ladder. Doors to bedrooms and bathroom, Bedroom One 10' 8" x 9' 9" plus recess ( 3.25m x 2.97m plus recess ) Front aspect UPVC double glazed window. Wall mounted radiator. Picture rail. Bedroom Two 7' 8" x 7' 5" ( 2.34m x 2.26m ) Rear aspect UPVC double glazed window. Wall mounted radiator. Bathroom Panelled bath with shower over and glazed shower screen. Closed coupled wc. Pedestal wash hand basin with mirror over. Vinyl flooring. Fitted shelving to recess. Shaver point and light. Extractor fan. Loft Room Power and light. Velux window. Boarded. (Could be converted to third bedroom subject to relevant planning and building regs). Outside To the side there is a shared covered alleyway for access.

Connells

Local Branch: 4 Bank Street, Newton Abbot, TQ12 2JW
Head Office: Cumbria House, Leighton Buzzard, LU7 1GN

Fees & Charges Explained

Old Exeter Street, Newton Abbot, TQ130JT

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 has been produced and provided by iamsold any successful purchaser will be required to pay £300.00 (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 020 3096 0248.

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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