2 Bedroom, Detached Bungalow, 181 Old Road, Chesterfield, S40 3QL

Overview

Hammer Price Homes are pleased to present for sale by online auction this 2  bedroom detached bungalow in Chesterfield. The sale is strictly open for cash buyers only (buyers who are not reliant on any form of finance).

The property briefly comprises: To the ground floor, an entrance hallway leading to a living room, sitting room, dining room, kitchen, pantry and downstairs WC. To the first floor there is a landing leading to 2 bedrooms and a bathroom.

Outside there are gardens to the front and rear of the property as well as a derelict single garage and further storage building which appears to be clad with an asbestos based material. As seen on the photography, the garden is very overgrown. The winning bidder will be responsible for clearing the garden and its contents post completion. Off road parking is provided at the rear of the property, off Netherleigh Road.

As will be evident at the open days and on the photography, whilst most of the property has been cleared, there is an oven in the kitchen. The property is sold as seen and it will be the responsibility of the buyer to clear these items post completion.

The property requires full renovation throughout, and this sale is strictly open for cash buyers only (buyers who are not reliant on any form of finance – proof of funds will be required prior to the auction opening) due to the condition, we feel the property is unmortgageable. There will be no grounds for the buyer to withdraw from the sale with a return of the reservation fee citing issues around the condition of the property (including anything of a structural nature), for any issues in financing the purchase, or for any information within the searches. The property is sold as seen.

To view the property please visit the Hammer Price Homes website, register as a buyer and book in for a viewing.

Location

The property is located in a desirable residential area, within walking distance from various shops, cafes and bars, just over 4 miles from the edge of the Peak District and within the catchment area for Brookfield Community School.

Special Conditions

This sale is strictly open for cash buyers only (buyers who are not reliant on any form of finance) as due to the condition of the property, we feel the property is unmortgageable. There will be no grounds for the buyer to withdraw from the sale with a return of the reservation fee citing issues around the condition of the property (including anything of a structural nature), for any issues in financing the purchase, or for any information within the searches. The property is sold as seen.

60 days to complete.

Tenure

Tenure – Freehold – Land Registry documents and Indenture Plan dated 22.07.1922 are available for download from the Hammer Price Homes website.

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 – C

EPC Rating – E

Utilities:

Primary source of Water Supply: Assumed Mains

Primary source of Electricity Supply: Assumed Mains

Primary source of Gas Supply: Mains Gas Supply (information taken from EPC Certificate)

Source/s of heating: Boiler & Radiators (information taken from EPC Certificate) – Believed to be ground floor only

Primary arrangement for Sewerage/Drainage: Due to the property being on a residential street, it is assumed that it is connected to a public sewer.

Searches

Searches are provided free of charge and are available for download from the Hammer Price Homes website. Prospective buyers are to review all searches available prior to bidding.

Auction Details

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

Auction ends – Thursday 13th March 2025 at 1:15pm (Subject to anti-sniping).

Bidding Window Opens – Tuesday 11th March 2025 at 12:00pm (Bidding will not be possible until this time).

Starting price – £120,000 (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% of the eventual sale price, including 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 –Searches are provided free of charge and are available for download from the Hammer Price Homes website. Prospective buyers are to review all searches available prior to bidding.

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.

Proof & Source of funds

In order to satisfy our Anti-Money Laundering obligations, winning bidders are required to complete their source of funds questionnaire within 24 hours of the close of the auction. This will detail how they will finance the purchase and provide supporting evidence as to the source of the funds (such as bank statements).  It is advised that anybody bidding on a property prepares this information prior to taking part in an auction so that it is readily available. See our buyers FAQ’s for further information.

Current proof of funds may also be requested from registered buyers, prior to enabling their account for bidding, as part of our affordability checks.

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 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.