2 Bedroom, Mid terrace House, 6 Weethes Cottages, Penzance TR18 2RP

Overview

Hammer Price Homes are pleased to present for sale by online auction this 2 bedroom mid terrace house in Penzance, Cornwall. The sale is strictly open for cash buyers only.

The property briefly comprises: To the ground floor, an entrance leading to a full length living room, kitchen and bathroom. To the first floor there is a landing leading to 2 bedrooms.

Outside there is a small front garden, and a large multiple level rear garden. The property benefits from a single garage at the end of the rear garden.

The auction is a good opportunity for somebody looking for a modernisation project and there is potential to reconfigure/extend subject to gaining the necessary planning consents.

This sale is strictly open for cash buyers only (buyers who are not reliant on any form of finance), as the property may be at risk of containing deleterious materials in the construction concrete which is traditionally found in properties of this age and type. No intrusive surveys have been undertaken, but it is believed that the property may include shuttered mass concrete. This material is known to be a substandard non-traditional construction form and if present, would restrict lending through a traditional mortgage.  Therefore 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 anything relating to the construction type/construction materials, for any issues in financing the purchase, or for any concerning 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 very attractive cul de sac and close Penzance Town Centre, promenade and beaches. Penzance is the largest town in West Cornwall and is known for its historic streets, art galleries, Penlee Park, Morrab gardens and its abundance of restaurants and bars.

Special Conditions

This sale is strictly open for cash buyers only (buyers who are not reliant on any form of finance), as the property may be at risk of containing deleterious materials in the construction concrete which is traditionally found in properties of this age and type. No intrusive surveys have been undertaken, but it is believed that the property may include shuttered mass concrete. This material is known to be a substandard non-traditional construction form and if present, would restrict lending through a traditional mortgage.  Therefore 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 anything relating to the construction type/construction materials, for any issues in financing the purchase, or for any concerning information within the searches. The property is sold as seen.

60 days to complete.

Tenure

Tenure – Freehold – Land Registry documents 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 – D

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: Foul and Surface water from the property drains into a public sewer (information taken from the Regulated Drainage & Water Search).

Searches

Searches are available for 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. 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 6th March 2025 at 1:00pm (Subject to anti-sniping).

Bidding Window Opens – Tuesday 4th 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 –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 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.