2 Bedroom Terraced House, 7 Cae Pys Road, Treboeth, Swansea, SA5 7DR

Overview

Hammer Price Homes are delighted to present for sale by online auction this 2-bedroom terraced house in Treboeth.

Due to its general condition, the property is deemed unmortgageable, therefore this auction is strictly open to cash buyers only with 60 days to complete from draft contracts being issued.

This property briefly comprises: To the ground floor there is an entrance leading to a large open plan living and dining room and a kitchen. To the first floor there are 2 bedrooms and bathroom.

Outside there is a small front garden which may offer some potential for off-street parking and a well-sized garden to the rear which houses a garage at the far end (currently not accessible for a car due to overgrowth).

The property and its gardens require extensive renovation throughout and this sale is strictly open for cash buyers only as due to the condition you would not be able to obtain a standard mortgage on the property. The property is sold as seen. There will be no grounds 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 anything to do with the searches.

A full search pack is available for download on the listing on the Hammer Price Homes Website and should be reviewed prior to bidding. The cost of the searches (£250 plus vat) is payable by the buyer and is non-refundable under any circumstances, 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

The property is well placed within walking distance of local amenities and is just a 10 minutes’ drive to Swansea City Centre, offering easy access to an extensive range of shopping, eating and leisure facilities. The property is also well placed for commuters, with the M4 (Junctions 44 / 45) accessible in around 10 minutes from here.

Special Conditions

This sale is open for cash buyers only as due to the condition the property is deemed unmortgageable. The property is sold as seen and there is 60 days to complete from receipt of draft contracts by the buyers solicitor. There will be no grounds 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 issues financing the purchase, or for anything within the searches.

Other Information

Tenure – Freehold – Land Registry documents are available for download from the Hammer Price Homes website.

Searches – A full search pack is available for download on the listing on the Hammer Price Homes Website and should be reviewed prior to bidding. The cost of the searches (£250 plus vat) is payable by the buyer and is non-refundable under any circumstances, this is payable at the same time as the reservation fee.

Auction Details

** Open for cash buyers only. 60 days to complete from receipt of draft contracts by the buyers solicitors**

Please note that there is a Reservation fee (3% Inc. VAT subject to a minimum fee of £3,000 inc vat) payable by the buyer on 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.

Auction ends – Thursday 27^th April 2023 at 1pm (Subject to anti-sniping)

Bidding Window Opens – Tuesday 25^th April 2023 at 10am (Bidding will not be possible until this time)

Starting price – £26,000 (Reserve price is higher & unpublished, typically the starting price will be 15 – 20% below the Reserve figure as per our Buyer Terms)

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 to stick to their time precisely.

Parking

On street / Garage (when made accessible)

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 have never lived at the property so may not be able to answer the usual pre-contract questions.