1st floor, 1 bedroom Flat, 2 Yew Tree Walk, Barrow-in-Furness, Cumbria, LA13 9LX

Overview

Hammer Price Homes are delighted to present for sale by online auction this vacant & chain free, 1^st floor, 1 bedroom flat in Barrow-in-Furness, Cumbria. Open to cash buyers only.

The accommodation briefly comprises: a private entrance hall and staircase, leading to a generous sized lounge, kitchen, bedroom and bathroom.

To the outside the property benefits from a rear garden and out building. The rear garden extent can be seen on the Leasehold Tile Plan, available to download from the Hammer Price Homes website.

The accommodation requires a full refurbishment suiting those looking for a modernisation project. Due to the condition and completion requirements this sale is open to cash buyers only.

Please see ‘Tenure/Management Information’ section for tenure, ground rent, service charges, and for further information with regards to the management of the property. Any arrears in relation to outstanding ground rent and service charges will be settled by the vendors at completion. Westmorland and Furness Council have confirmed that Annual Service Charge demands for 2024/2025 have not yet been finalised, so are therefore unavailable at the time of the auction. Prospective buyers are to be aware Service Charges for 2024/2025 are expected to be slightly increased compared to 2023/2024, and are to bid accordingly.

The property has solar panels installed to both the front and rear roof space. The solar panels and all associated apparatus are the property of Westmorland and Furness Council. Westmorland and Furness Council are responsible for the solar panel operations and maintenance.  Tenants and Leaseholders receive a financial advantage through the installation of the panels, in the form of usage of the energy produced, thus the reduction in energy bills with no charge for their use. There are 2x electricity meters at the property, once the meter switches back to the grid it’s the tenants/leaseholders responsibility to pay their supplier. Tenants and Leaseholders have no rights to interfere with or remove the solar panels. Please refer to the section ‘Tenure/Management Information’ for further details.

Prospective buyers are to obtain their own independent legal advice in relation to the property, the terms in the lease and the property management information.

To view this property please visit the Hammer Price Homes website, register your details, and book in for an open day.

Location

The property is situated within close proximity to local shops, schools, amenities and Barrow Park, and is just a short commute to Barrow-in-Furness Town Centre, with access to a wide range of shopping and leisure facilities.

Special conditions

This auction is open for cash buyers only. Please note that there will be no grounds to withdraw from the sale with a return of the reservation fee citing issues around the general condition of the property, for any issues in financing the purchase or for anything concerning information in the searches.

60 days to complete.

Tenure/Management Information

Tenure: Leasehold (87 years remaining). Land Registry information and a copy of the original lease dated 22.05.1986 is available for download from the Hammer Price Homes website and should be reviewed prior to bidding.

Annual Service Charge: Approx £159.88 (includes building insurance contribution and ground rent). Service Charge Breakdown is available for download from the Hammer Price Homes website and should be reviewed prior to bidding. Westmorland and Furness Council have confirmed that Annual Service Charge demands for 2024/2025 have not yet been finalised, so are therefore unavailable at the time of the auction. Prospective buyers are to be aware Service Charges for 2024/2025 are expected to be slightly increased compared to 2023/2024, and are to bid accordingly.

Ground Rent: £10 per annum (Ground Rent payment is included the annual service charge payment of £159.88)

Freeholder Information: The Council of The Borough of Barrow-in-Furness

Management Pack: A copy of the Leasehold Property Enquiries – LPE1 Form is available for download from the Hammer Price Homes website and should be reviewed prior to bidding, along with other supporting information including the insurance policy and service charge breakdown. Any arrears in relation to outstanding ground rent and service charges will be settled by the vendors before completion.

Solar Panels: (information below provided by Westmorland and Furness Council).

Any solar panels and associated electrical apparatus which have been installed by Westmorland and Furness Council, at any of its blocks of flats are an integral part of the fabric of the building, of which The Council is, and will remain, the Freeholder.

Neither Tenants nor Leaseholders were expected to make any financial contribution to the installation and there have been no additional costs to them through service charges or rents. Permission to connect to the grid is granted to The Council and not to individual Tenants or Leaseholders.

Tenants and Leaseholders may receive a financial advantage through the installation of the panels (in the form of a reduction in energy bills with no charge for their use) but The Council has not hitherto provided and will not be providing either Tenants or Leaseholders certificates which could be used to sell electricity back to the grid.

In summary, the panels and associated apparatus are and will remain the property of Westmorland and Furness Council, who will be responsible for their maintenance. Other than benefitting from reductions in their energy bills from their use, Tenants and Leaseholders have no rights whatsoever over the solar panels and associated electrical apparatus as assets. Furthermore, Tenants and Leaseholders must not alter, adapt, amend or modify the solar panel installation or associated electrical apparatus in any way.

Prospective buyers are to obtain their own independent legal advice in relation to the property, the terms in the lease and the property management information.

Other Information

The Administrator / Solicitor dealing with the estate has never lived at the property and therefore has limited knowledge. The below information has been provided to the best of our knowledge and should not be relied on in full. Please note due to the nature of the property some of the services may be isolated.

Council Tax Band – A

EPC Rating – C

Utilities:

Primary source of Water Supply:   Assumed Mains Water

Primary source of Electricity Supply:   Assumed Mains Electricity, along with Solar Panels (further details as per above)

Primary source of Gas Supply:   Assumed Mains Gas

Source/s of heating:   Gas Fired Central Heating (Taken from EPC)

Primary arrangement for Sewerage/Drainage:   Public Sewer

Accessibility: Access to the first floor flat is via a private internal staircase.

Searches

Searches have been ordered and will be made available for download from the Hammer Price Homes website prior to the bidding taking place. 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. Prospective buyers are to review all searches available prior to bidding.

Online Auction Details

** Strictly for cash buyers only. 60 days to complete**

Auction ends – Wednesday 1st May 2024 at 2:00pm (Subject to anti-sniping)

Bidding Window Opens – Monday 29th April 2024 at 10:00am (Bidding will not be possible until this time)

Starting price – £32,000 (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 subject to a minimum fee of £3,600 Including VAT) is 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.

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 must stick to their time precisely.

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 FAQ’s on the site for more details.

This is a deputyship property and is sold as seen. The Deputy / 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.