2 Bedroom, Mid-Terrace House, 76, Florence Road, Lowestoft, NR33 7BY

Overview

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

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

Outside there is a small front yard, and to the rear of the property benefits from a good sized garden.

As will be evident at the open days and on the photography, whilst most of the property has been cleared, there is a wooden chest in the rear bedroom, an oven in the kitchen and some items remain in the wooden shed in the rear garden. The property is sold as seen and it will be the responsibility of the buyer to clear these items post completion.

The property requires full renovation throughout, and this sale is open for cash buyers only due to the condition and low EPC rating, 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

Situated in a fantastic seaside location within merely a stone’s throw of the beautiful and unspoilt Pakefield beach and sea, providing access to all local amenities including shops, schools and transport links to Lowestoft, Beccles and Norwich.

Special Conditions

This sale is open for cash buyers only as due to the condition of the property and low EPC rating, 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 corresponding documents can be viewed on the Hammer Price Homes website. The vendor’s solicitor holds all relevant conveyancing documentation 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.

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 – B

EPC Rating – G

Utilities:

Primary source of Water Supply: Assumed Mains

Primary source of Electricity Supply: Assumed Mains

Primary source of Gas Supply: Information unknown

Source/s of heating: Portable electric heaters assumed (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 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 – Wednesday 4th December 2024 at 1:30pm (Subject to anti-sniping).

Bidding Window Opens – Monday 2^nd December 2024 at 12:00pm (Bidding will not be possible until this time).

Starting price – £132,000 (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.