3 Bedroom Detached Cottage – Chough’s Nest, Watery Lane, Lea Bailey Hill, Ross-on-Wye, HR9 7LF

Overview

Hammer Price Homes are delighted to present for sale by online auction a unique opportunity to purchase this vacant & chain free, 3 bedroom detached Cottage located on a large plot in Lea Bailey Hill. Due to the condition of the property, this auction is strictly for cash buyers only.

Choughs Nest is nestled away in an elevated position on Lea Bailey Hill, positioned in an idyllic and tranquil setting off a quiet no through lane with large plot that we estimate as being in the region of 0.75 acre. Please see the 1977 and 1978 conveyancing documents and location plan available for download.

The accommodation, arranged over three floors, comprises: To the Ground Floor – Porch, hall, reception, dining room, living room, kitchen, conservatory, and a bathroom. To the First Floor there are 3 bedrooms and a bathroom. There is a basement with a utility room and a W.C. To the outside there is a generous plot comprising of elevated gardens a garage and space for multiple parking. Access is via a private road, please the 1978 conveyance document to view the plan

The property is presented in a very poor state of repair and due to the condition, this auction is strictly for cash buyers only. Please also note that the property is to be sold containing much of the furniture that is shown on the photographs and it will be the responsibility of the buyer to dispose of the furnishings and appliances that remain at the time of auction. The price reflects the condition and the inconvenience to the buyer of having to clear the property of its contents.

The property utilises electricity as its sole source of energy with water connected to the mains. Whilst we believe that there is main sewerage connection we are not totally sure so it is possible there is a septic tank.

A full search pack has been ordered will be charged to the winning bidder at £250 Plus VAT on top of reservation fee and is payable at the same time. Please see the Other Information section for more details. There is a delay in attaining the local search and this is only likely to be available a day or two after the auction closes. We do not anticipate anything  adverse in the Local search but should something come to light that resulted in the buyer having to withdraw then the buyer will be entitled to a return of the Reservation Fee.

Viewing is advised and those interested should visit the Hammer Price Homes website, register as a buyer and book a place on an open day. The property is sold as seen and viewers are encouraged to bring a builder with them if interested in bidding.

Location

Lea Bailey Hill is around one mile from the village of Lea, a village in south Herefordshire that features a Church of England Primary School that carries a ‘Good’ Ofsted rating. There is also a village shop, a church, a garage and a pub – The Crown Inn, a 15th-century inn that is family-run and renowned for its great atmosphere and delicious Indian food. The beautiful market town of Ross-on-Wye is five miles away and offers further amenities. The high street features an assortment of shops, independently owned boutiques, a range of restaurants, welcoming pubs and various leisure facilities. There are also several supermarkets plus four schools in the town – three primaries and one secondary, all of which boast ‘Good’ Ofsted ratings.

The M50 motorway is approximately 5 miles away and provides excellent commuter links to the M5, giving easy access to Birmingham & the Midlands to the North and Bristol & the West Country to the South. The A40 leads south to the M4 at Newport for access to Cardiff and Wales and east to Gloucester & Cheltenham.

Special Conditions

This auction is strictly open for cash buyers only as due to the condition it will not be possible to obtain lending on the property through a traditional mortgage. The property is sold as seen. The buyer will not be able to withdraw from the sale with a return of the reservation fee citing issues around securing lending on the property, for reasons concerning the condition of the property structural or other, for anything identified in the search pack provided, or for anything to do with a planning application.

Other Information

Tenure – Freehold. The Property is unregistered but the vendors solicitor has the deeds and sees no problem in the buyer attaining first registration.

Searches – A full search pack has been ordered and will be added to the listing prior to the bidding window opening, apart from the local search which we anticipate receiving a day or two after the auction closes. Please ensure that you read the searches prior to bidding as there will be no grounds to withdraw from the sale with a return of the reservation fee for reasons around the searches provided (excluding the local search which will not be available until post auction).   There will also be an additional cost to the buyer of £250 plus vat for the searches. This is payable by the winning bidder and is in addition to the reservation fee.

Auction Details

** open for cash buyers only. 90 days to complete**

Please note that there is a Reservation fee (3.0% 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 8^th September 2022 at 1pm (subject to anti-sniping)

Bidding Window Opens – Tuesday 6^th September 2022 (Bidding will not be possible until this time)

Starting price – £199,000 (Reserve price is higher & unpublished, typically the starting price will be 15 – 20% below the Reserve figure as per our Buyer Terms)

Viewings

We will continue to keep abreast of Government guidelines re Covid-19. This property is vacant which means we should comfortably be able to conduct viewings whereby safe distancing is adhered to. We are restricting the number of bookings per 15 minute time slot.  Viewers must to stick to their time precisely.

Please try and maintain a safe distance if you are in the property at the same time as another viewer who is not from your household.

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 vendors / solicitor may not be able to answer the usual pre-contract questions