This sale is open for cash buyers only due to the general condition, low value and short completion deadline; we feel it may be difficult to obtain lending via a traditional mortgage on the property. 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.
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.
Hammer Price Homes are pleased to present for sale by online auction this 1 bedroom, first floor flat in Redditch, Worcestershire. The sale is open for cash buyers only.
The property briefly comprises: To the first floor, an entrance hallway leading to a lounge, dining room, 1 bedroom and a bathroom.
Outside, communal parking is provided to the front of the property.
The property requires full renovation throughout, and this sale is open for cash buyers only due to the general condition, low value and short completion deadline; we feel it may be difficult to obtain lending via a traditional mortgage on the property. 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.
To view the property please visit the Hammer Price Homes website, register as a buyer and book in for a viewing.
Well placed in Winyates West, the property is ideal for local amenities, schooling, shops/supermarket, bus routes, Arrow Valley Country Park and national road networks. Redditch Town Centre is a short ride away boasting an assortment of further amenities including shops, restaurants, bars and cinema, along with the local bus and train stations.
This sale is open for cash buyers only due to the general condition, low value and short completion deadline; we feel it may be difficult to obtain lending via a traditional mortgage on the property. 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 – Leasehold (90 years remaining) – Land Registry documents and a copy of the original lease dated 24th July 1989 are available for download from the Hammer Price Homes website.
Service Charge: The Service Charge for 2023 – 2024 has now been calculated at £209.35 per annum and are available for download from the Hammer Price Homes website. Service charges are calculated in arrears, and the 2023 – 2024 service charges were not available when the LPE1 was produced, but provided at a later date since listing the property.
For information, the 2022 – 2023 service charge was £324.15 per annum and 2021 – 2022 was £81.32 per annum.
Ground Rent: £10 per annum
Freeholder Information: Redditch Borough Council
Management pack information – LPE1 has been obtained from the Redditch Borough Council and contains useful information regarding the management company rules and charges etc. Please note that any arrears relating to the current owner will be settled by the solicitor handling the probate administration on completion. Arrears will not pass to the buyer. The LPE1 and other supporting documents are available for download from the Hammer Price Homes Website
Section 20 notice: Please note a Notice of Intention and subsequent Notice of Proposal has been sent to all leaseholders for Roofing, Drainage, Scaffolding and Communal Electrical Work contracts (please see documents available for download on the Hammer Price Homes Website). These Proposals are to enter in to a Qualifying Long-Term Agreement for ad hoc works only – not planned works. There are currently no planned works. If there are works identified during the contract for this block and these will cost the leaseholder more than £250.00, then a further consultation will take place.
Communal Electrical Contract – This applies to the communal electrics only, not the property itself.
Fire Compliance – There has been no Section 20 Notices served for this contract, however Fire Compliance works will be carried out across the borough. The maximum that the leaseholder will be charged will be £250.00 (incl VAT).
However, there will be a requirement for the front door to be changed to a Fire Rated FD30S door to meet the current Fire Safety Regulations. It is the leaseholders responsibility to change the door, but the Council will offer the leaseholder the opportunity to ‘Opt-in’ to have the door replaced by our contractors when the programme is due to be carried out at Lingen Close.
Lease: A copy of the lease and other Land Registry documents are available for download.
Prospective buyers are to obtain their own independent legal advice in relation to the Property, the Tenure and Management information prior to taking part in the auction.
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
Primary source of Electricity Supply: Assumed Mains
Primary source of Gas Supply: Mains Gas (Information Taken from EPC)
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 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.
** Open for cash buyers only. 60 days to complete**
Auction ends – Wednesday 13th November 2024 at 1:00pm (Subject to anti-sniping).
Bidding Window Opens – Monday 11th November 2024 at 12:00pm (Bidding will not be possible until this time).
Starting price – £36,000 (Reserve price is higher & unpublished, typically the starting price will be 15 – 20% below the Reserve figure as per our Buyer Terms)
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% 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.
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.
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.
Comprises of an entrance hallway leading to these rooms:
