2 Bedroom, Mid-Terrace House, 8 Market Place, Kegworth, Derby, DE74 2EE

Overview

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

The property is deceptively spacious and is set over 4 floors comprising of: To the ground floor, a living room and kitchen/dining room. To the first floor there is a landing leading to 2 bedrooms and a bathroom. An additional room can be found on the second floor. It should be noted that it is unlikely that the attic room complies with present building regulations. The property also benefits from a cellar.

Externally, there is an access from the street through double gates down the side of the property to a rear yard and garden. Please refer to the Conveyance plan dated 26^th April 1985 for further details of the rights of access and common parts of the rear yard (area shaded Blue on Conveyance plan dated 26^th April 1985) shared with neighbouring property number 7 Market Place. The room above the side access does not belong to number 8 Market Place and does not form part of the sale. Please be sure to review the property floor plan and Title Plan for the property boundary. The room is a potential flying freehold and we would encourage any potential buyers to make the relevant enquires regarding this with their solicitor.

As will be evident at the open days and on the photography, whilst most of the property has been cleared, some items remain (including a cooker in the kitchen and furniture in the rear yard). The property is sold as seen and it will be the responsibility of the buyer to clear these post completion.

The property requires full renovation throughout, and this sale is strictly open for cash buyers only due to the general 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 (including anything of a structural nature), the potential flying freehold, 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.

Location

The property is located in the popular village of Kegworth. With excellent transport links, it is within commuting distance of Nottingham, Derby, Leicester and London, with regular trains to St. Pancras from East Midlands Parkway railway station and close to the M1 motorway. It is also conveniently located for Donington Park Motorsport Circuit and Nottingham East Midlands Airport. The village is also close to Sutton Bonington Campus of Nottingham University.

Special Conditions

This sale is strictly open for cash buyers only due to the general 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.

60 days to complete.

Tenure

Tenure – Freehold – Land Registry documents, including a Conveyance plan dated 26^th April 1985 are available for download from the Hammer Price Homes website.

Other information

The Deputy / 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 – G

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: Room Heaters (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 4^th December 2024 at 1:00pm (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 – £112,000 (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 deputyship property and is sold as seen. The Deputy / 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.