This HMO property offers 7 lettable studios and a basement flat. There is a further 3 bedroom owners accommodation with ample living space, garden and off road parking. Conveniently located a level walk from Paignton town centre and seafront.
*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.
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 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.
Owners Accommodation Ground Floor Hallway (stairs to lower floor, door leading to.) Dining room - 12'1" Plus Recess x 11'6" (3.68m Plus Recess x 3.51m) Kitchen - 11'5" x 10'6" (3.48m x 3.20m) Coved ceiling, spotlights, uPVC double glazed window overlooking the rear aspect, modern fitted kitchen compromising matching wall and base units with roll edge work surface over, one and a half stainless steel sink unit with drainer and mixer tap over integrated electric cooker, four ring gas hob with canopy hood above, integrated dishwasher, space for freestanding tall fridge freezer, tiled flooring, telephone point. Shower Room - Obscure uPVC double glazed window, suite comprising corner shower cubical with electric shower over, low level WC, pedestal hand wash basin, chrome heated towel rail, tiling to walls and floor. Inner Hallway - Radiator, doors leading into principle rooms. Lounge - 17'1" x 13'9" (5.21m x 4.19m Max) Cornice coving, picture rail, radiator, feature fireplace with decorative surround, mantle and hearth, double doors leading into Conservatory - 12'9" x 7' (3.89m x 2.13m) uPVC double glazed windows overlooking and uPVC double glazed door to the front aspect. Bedroom Three - uPVC double glazed window, wall mounted electric heater, door into En Suite - Obscure uPVC double glazed window, suite comprising shower cubical with electric shower over, low level WC, tiling to walls. Further Hall - doors leading into Bedroom One - 11'11" to front of wardrobes x 11'7" (3.63m to front of wardrobes x 3.53m) uPVC double glazed window overlooking the front aspect, wall length fitted wardrobes with sliding doors housing hanging and shelving space, hand wash basin with tiled splashback, radiator. Bedroom Two - 10'10" x 8'2" (3.30m x 2.49m) cornice coving, picture rail, uPVC double glazed window overlooking the side aspect, radiator. Cloakroom - Accessed via the landing, obscure uPVC double glazed window, suite comprising low level WC, pedestal hand wash basin, part tiled walls. Studio Two - 17'5" x 13'8" (5.31m x 4.17m) uPVC double glazed window, kitchenette comprising matching base units with work surface over, breakfast bar, single sink unit with mixer tap over, tiled splashbacks, space for refrigerator and microwave. Studio Three - 18'7" Max x 14'2" (5.66m Max x 4.32m) uPVC double glazed window, kitchenette comprising matching wall and base units with work surface over, breakfast bar, stainless steel single sink unit with drainer and mixer tap over, space for refrigerator and microwave. Studio Four - 13'6" x 10'4" Max (4.11m x 3.15m Max) uPVC double glazed window kitchenette comrpising matching base units with work surface over, stainless steel single sink unit with drainer, space for refrigerator and microwave. Studio Five 12'9" x 10'5" (3.89m x 3.17m) uPVC double glazed window, kitchenette comprising matching wall and base units with work surface over, stainless steel sink unit with mixer tap over, space for refrigerator and microwave. Studio Six - Kitchenette comprising matching wall and base units with work surface over, stainless steel sink and drainer, space for refrigerator and microwave. Residents Accommodation Main Entrance - uPVC double glazed door into vestibule, supboard housing meters, further door into Entrance Hall - Radiator, stairs rising to first floor, doors leading into principle rooms. Shower Room - Suite comprising shower cubical with electric shower over and glazed screen, hand wash basin with tiled splashback. First Floor Studio One - 15'2" Max x 11'2" (4.62m Max x3.40m) uPVC double glazed window, kitchenette comprising matching wall and base units with work surface over, stainless steel single sink unit with drainer, tiled splashbacks, space for fridge freezer and microwave. Second Floor Studio Seven - 16'9" x 9'7" (5.11m x 2.92m) uPVC double glazed window, kitchenette comprising matching base units with work surface over, stainless steel single sink unit with drainer, space for refrigerator and microwave. Basement Self Contained Flat - uPVC double glazed entrance door leading into Lounge 14'8" x 14'2" (4.47m x 4.32m) uPVC double glazed window, kitchenette comprising matching base units with work surface over, stainless steel sink unit with mixer tap, space for refrigerator and microwave, door leading into Hallway - doors leading into Bedroom - 13'9" x 9'9" (4.19m x 2.97m) uPVC double glazed window Bathroom - Coloured suite comprising inset panelled bath with electric shower over, pedestal hand wash basin, low level WC, Radiator. Outside - To the front of the property is a gated driveway providing off road parking. The driveway leads up to a garage. Side access gate leads to the enclosed rear garden which is laid to lawn with surrounding flower beds and paved patio area. Garage - Up and over door.
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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.
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.
There are no other fees or charges payable to the Auctioneer however, there are other costs to consider such as:
For further information or to speak to one of our team, please call 020 3096 0248.
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.