3 Bedroom, Detached House, 26 Bankfield Drive, Bramcote, Nottingham, NG9 3EG

Overview

Hammer Price Homes are pleased to present for sale by online auction this 3-bedroom detached house situated in a popular residential area in Bramcote, Nottingham. The sale is strictly open to cash buyers only.

The accommodation comprises: To the ground floor there is an entrance porch & hallway leading to a lounge, dining room and kitchen. To the first floor there is a landing leading to 3 bedrooms, a bathroom and separate W.C.

Outside there is a small garden to the front of the property and a generously sized rear garden. There is also a driveway and garage (albeit in very dated condition) providing adequate off-street parking.

The property requires a full renovation and has a very low EPC rating (F) and we therefore restrict this sale to cash buyers only as the property is deemed unmortgageable. There will be no grounds for the buyer to withdraw from the sale with a return of the reservation fee citing issues concerning the general condition of the property, for issues relating to financing the purchase or for anything concerning information in the searches. The property is sold as seen.

The property is sold with vacant possession. There are items of furniture etc in the property but these will be removed prior to completion.

The property is unregistered, the vendor’s solicitor holds the deeds. The buyer will be responsible for completing the first registration post completion, the epitome of title is readily available for download from the Hammer Price Homes website.

Searches have been added to the listing and are available to download from the Hammer Price Homes website. The winning bidder will be required to pay for the search pack which is £300 (Inc. VAT), this is payable at the same time as the reservation fee.

Viewing is considered essential and those interested are asked to visit the Hammer Price Homes website, register as a buyer and book a place on an open day.

Location

The property is situated within a popular area within Bramcote, ideal for schools such as Bramcote Hills Primary School. The area has easy access to public transport into surrounding towns and Nottingham & Derby City Centres as well as access to the A52. The Alexandrina Plantation Nature Reserve is also within close proximity.

Special Conditions

The sale is strictly open for cash buyers only with 60 days to complete. There will be no grounds for the buyer to withdraw from the sale with a return of the reservation fee citing issues concerning the general condition of the property, for issues relating to financing the purchase or for anything concerning information in the searches. The property is sold as seen.

Other Information

Tenure – Freehold (unregistered)

First registration – The property is currently unregistered, and the epitome of title and corresponding documents can be viewed on the Hammer Price Homes website. The vendor’s solicitor holds all relevant conveyancing documentation as detailed in the epitome of title to allow the buyer to proceed with officially registering the property with Land Registry once completion has taken place.

Online Auction Details

** Strictly open for cash buyers only with 60 days to complete**

Auction ends – Wednesday 10th April 2024 at 1pm (Subject to anti-sniping)

Bidding Window Opens – Monday 8th April 2024 at 10am (Bidding will not be possible until this time).

Starting price – £196,000 (Reserve price is higher & unpublished, typically the starting price will be 15 – 20% below the Reserve figure as per our Buyer Terms).

Fees

All fees are payable by bank transfer only (we do not take card payments).

Reservation Fee – Please note that there is a Reservation Fee (3.6% Inc. VAT) payable by the buyer within 2 hours of winning the auction. The reservation fee does not constitute part of the sale price, this is the auctioneer’s fee and is to be paid over & above the sale price paid to the Vendor.

Searches – The buyer is required to pay £300 (Inc. VAT) for the search pack. This is payable at the same time as the reservation fee. A search pack is available for download on the listing on the Hammer Price Homes Website.

Viewings

To view the property please visit the Hammer Price Homes website, register as a buyer and book in for a viewing. Bidding is only permitted for those who have viewed. Viewers are asked to keep to their appointment time.

How to make an offer

Offers can only be made via the online auction in the form of a bid once the bidding window has opened. No offers will be accepted outside of the auction process.

Once a sale has been agreed (STC) and a price agreed then no further price negotiation will take place. This sale price is fixed at the winning auction price and the buyer honoured to pay it. Any subsequent attempt by the buyer to contact the vendor direct to renegotiate on price would hold the buyer in breach of our terms. Should the buyer withdraw then they may have to forfeit the reservation fee. Please read the buyer terms and FAQs on the site for more details.

This is a probate property and is sold as seen. The Administrator / Solicitor dealing with the estate has never lived at the property so may not be able to answer the usual pre-contract questions or provide a property information form.