2 Bedroom, End-Terrace House, 3 Co-Operation Street, Failsworth, Manchester, M35 9AL

Overview

Hammer Price Homes are pleased to present for sale by online auction this 3 bedroom end terrace house in Failsworth, Manchester. The sale is open for cash buyers only.

The property briefly comprises: To the ground floor, an entrance vestibule leading to a lounge and kitchen/diner. To the first floor there is a landing leading to 2 bedrooms and a bathroom.

Outside there is a small front yard and a garden to the rear with a small brick outbuilding.

The property requires full renovation throughout, and this sale is open for cash buyers only due to the general condition and short completion timescales; 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, for any issues in financing the purchase, or for any information within the searches. The property is sold as seen.

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.

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 ideally situated just off Oldham Road, within easy reach of local shops/restaurants, well-regarded schools and good transport links including the Metrolink Station and major bus routes into Manchester Town Centre as well as the M60 motorway links.

Special Conditions

This sale is open for cash buyers only due to the general condition and short completion timescales; 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, 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 – Unregistered

First registration – The property is currently unregistered, and the epitome of title and relevant conveyancing documentation can be viewed on the Hammer Price Homes website. The vendor’s solicitor holds all corresponding documents 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.

Rent Charge – The rent charge that remains in place, is the perpetual yearly rent charge of £2.10s, as detailed in Conveyance dated 30^th September 1949 available for download from the Hammer Price Homes website.

Please note that the vendors solicitor has advised that they do not hold any contact details for the rent charge collector and thus cannot make any attempts to contact them. As such, they are not aware of any rent charge arrears, nor will they be able to provide any rent charge receipts. An indemnity policy can be sought during the conveyancing process, should the buyer wish, on this basis.

Prospective buyers are to obtain their own independent legal advice in relation to the Property and the Land Registry information prior to taking part in the auction.

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 – 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)

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 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.

Auction Details

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

Auction ends – Thursday 1^st May 2025 at 1:30pm (Subject to anti-sniping).

Bidding Window Opens – Tuesday 29^th April 2025 at 12:00pm (Bidding will not be possible until this time).

Starting price – £72,000 (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, subject to a minimum fee of £3,600 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 –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.

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.