4 Bedroom, Semi-detached House, 55 Woolhope Road, Worcester, WR5 2AR

Overview

Hammer Price Homes are pleased to present for sale by online auction this characterful 4-bedroom semi-detached house in the popular residential area of Worcester. The sale is strictly for cash buyers only (buyers who are not reliant on any form of finance).

Please be advised that this is a probate sale and the deeds to the property have been lost, the vendor (administrator to the estate) and their solicitor have made an application with Land Registry to register the property with possessory title, the purchase will not be able to complete until that registration is completed. Please see the other information section for more information including indicative timings.

Due to the nature of the sale and the general condition of the property, this sale is strictly 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 lounge, dining room, kitchen and downstairs W.C. To the first floor there is a landing leading to 4 bedrooms and a bathroom.

Outside there is a small garden to the front and a generous sized rear garden.

The full extent of the property boundary is shown on document ‘Land Registry – Search Index Map – plan’, available for download from the Hammer Price Homes website.

The auction is a good opportunity for somebody looking for a modernisation project who is in a position to wait for completion.

Searches have been added to the listing and 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.

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

Location

This property is located within a popular residential area and is conveniently located close to Worcester City centre, with access to a wide range of local amenities, shops, leisure facilities and cafes, bars and restaurants. To the rear of the property there are views of the Cathedral and the City. The property benefits from good transport links via Worcester railway stations to Birmingham New Street, Bristol Temple Meads and London Paddington, along with the M5 motorway.

Special Conditions

This sale is strictly for cash buyers only (buyers who are not reliant on any form of finance) as due to the lost deeds and general condition, 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), issues around financing the purchase, or for anything to do with the possessory title registration or for anything to do with the searches.

60 days to complete from receipt of the possessory title registration.

Other information

Tenure – Freehold

Possessory title registration – Please be advised that this is a probate sale and the deeds to the property have been lost, the vendor (administrator to the estate) and their solicitor have made an application with Land Registry to register the property with possessory title. Once a sale is agreed, the vendors will inform Land Registry and ask that they expedite the application. Once the property is registered in the deceased’s name with possessory title, then the sale can be completed with the new buyer.

In regard to timings, whilst we would hope it will happen sooner, the buyer should allow approximately 4 weeks (28 days) in order for the application of possessory title to be completed in the name of the deceased. Once the registered possessory title is received and sent to the buyer’s solicitor, then the buyer will then have 60 days to complete the purchase.

As there are no guarantees, should the possessory title application not be completed within 4 weeks (28 days) of the close of the auction, then the buyer will be able to withdraw from the sale with a return of the reservation fee, should they wish although extensions could potentially be agreed by both parties.

Online Auction Details

** Strictly for cash buyers only (buyers who are not reliant on any form of finance). 60 days to complete from property being registered with possessory title**

Auction ends – Thursday 7th March 2024 at 2pm (Subject to anti-sniping)

Bidding Window Opens – Tuesday 5th March 2024 at 10am (Bidding will not be possible until this time)

Starting price – £128,000 (Reserve price is higher & unpublished, typically the starting price will be 15 – 20% below the Reserve figure as per our Buyer Terms)

Fees

Reservation Fee – Please note that there is a Reservation Fee (3.6% Including VAT) payable by the buyer within 2 hours of winning the auction. Payment is to be made by Bank Transfer; we do not accept card payments. 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 have been added to the listing and 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.

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 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.