Mid Terrace House | Auction
For Sale by Modern Auction Your Choice Estate Agents are pleased to offer this two-bedroom rear back to back terrace house located in Manningham, Property is partly double glazed and central heating. This property will appeal to first time buyers or buy to let investors. The accommodation set over three floors as following; A large entrance lounge, separate kitchen, To the first floor there is a large double bedroom and a bathroom. To the second floor there is a attic bedroom with Velux window. The property is located close to Whetley Lane and only less than couple of miles away from Bradford city centre, University of Bradford and Bradford Royal Infirmary along with local super markets such as Morrisons and many more.
Description Entrance Lounge 13' x 14'1
The lounge has a double glazed window, along with a central heating radiator and a fire place with gas fire.
Kitchen 5'4 x 10'1 The fully fitted kitchen has a range of wall and base units and complementary work surfaces. Incorporating a single bowl stainless steel sink and drainer, plumbing for a washing machine, free standing cooker, The kitchen has a window to the side which is Upvc double glazed.
Keeping Cellar First Floor Landing 5'3 x 6'7 Stairs rise from the lounge to the first floor landing, where there is another set of stairs rising to the second floor.
Bedroom One 16'8 x 9'8 Bedroom One has a Upvc double glazed window and a central heating radiator, a central heating radiator and the central heating boiler
Bathroom 11'5 x 3'10 The three piece suite house bathroom has a upvc double glazed window to the rear and a central heating radiator. Comprising of a bath with a mixer tap, a wash hand basin, low flush WC.
Second Floor Bedroom Two 13'x 13'9 Stairs rise from the first floor landing to the second floor there is a second bedroom with skylights (Velux) and central heating radiator.
External External to the property there is good size garden.
Rental Income Property is currently tenanted on Assured shorthold tenancy and producing rental income of £600 per calendar month (£7200 Pa gross income)
EPC RATING; D https://find-energy-certificate.service.gov.uk/energy-certificate/0318-4905-6220-8284-1950
Council Tax Band - A Please note gas and electricity appliances are not tested
Offer procedure Our clients instruction in relation to offer vary, please contact us prior to making an Arrangements to purchaser such as contacting a bank, building society or solicitors you should make your offer to the branch dealing with the sale of the house. In compliance with the estate agents (undesirable practices) Order 1991, we are under obligation to check purchasers Financial situation before recommending an offer to a vendor, therefore, prior to any offer being accepted you will be required to make an appointment in order for you to financially qualify your offer. If you are making a cash offer which is not subject to the sale of the property written confirmation of the availability of the cash will be required so your offer can be eligible.
Viewing arrangements Strictly by prior telephone appointments with sole selling agents, Your Choice estate agents. Opening hours Monday to Thursday 09.00am -05.30pm Friday 09.00am -01.00pm and .03.00pm-05.00pm Saturday 10.00am -04.00pm Are you thinking of selling or even letting your property! Call us today on 01274 493333 for a FREE VALUATIUON without obligation NO SALE OR LET – NO CHARGE
For Sale by Modern Auction – T & C’s apply Disclaimer For sale by Conditional Online Auction. Terms Auction Method: The auction for this property will be conducted online through our online-bidding platform. This is a “Timed Auction”, so there are no other lots being sold alongside this property. The time slot for the auction is displayed on Your Choice Auctions’ website. To view this, search for the property on their website. Then click onto the property to view the property details. The time remaining to bid and end date of the auction is displayed on the page.
You are required to undertake identity checks before you can be authorised to bid. You must also provide your payment details. If you do not provide this information, your registration will not be processed. When you place your bid, you are deemed to have agreed to Your Choice Auctions’ Buyers Terms (England & Wales) which are available on Your Choice website.
Auction type - Conditional with Fixed Fee
If you are the highest bidder when the auction for the property comes to an end, you will enter into a reservation agreement with the seller. You must then pay the applicable reservation fee. You will then have 56 business days within which to exchange contracts and complete the sale, unless the Special Conditions of Sale contained within the Legal Pack specify a different time limit. If you fail to do so, you may lose your reservation fee. During the 56-business day reservation period, the seller is not able to accept other offers.
The following non-refundable fees apply:
Buyer’s Fee- payable on exchange of contracts. This is calculated as a percentage of the actual purchase price of the property. Either:
(a) 4.8% (including VAT) of the purchase price, for properties up to and including £250,000
(b) 3.6% (including VAT) of the purchase price for properties sold for over £250,000
The Buyer’s Fee is subject always to a minimum of £6,000 (including VAT). The Buyer’s Fee does not contribute to the purchase price.
On exchange of contracts, you must pay a non-refundable deposit equal to 5% of the actual purchase price of the property, subject to a minimum of £5,000. The deposit contributes towards as part of the purchase price.
When you register to bid, you will be prompted to provide your payment details to Your Choice Auctions In the event that you are the winning bidder, your card will automatically be charged a proportion of the Buyer’s Fee & Deposit. The payment will be calculated based on the guide price of the property, in line with the fee scale described above. Where the actual purchase price is higher than the guide price, you will be required to pay the difference immediately after the end of the auction, which can be paid by debit card or bank transfer. Payment by cash or cheque will not be accepted.
Example: If you win the bid on a property with a guide price of £150,000, but the actual purchase price is £170,000. At this point your bid is successful you will be charged as follows:
Buyer’s Fee of £7,200- 4.8% of guide price
Deposit of £7,500- 5% of the guide price
As the actual purchase price amounted to £170,000, after the auction, you will be required to pay the following additional amounts on top of the initial payment:
£960 for Buyer’s Fee shortfall (£8160 due as 4.8% of actual purchase price)
£1,000 for Deposit shortfall (£8500 due as 5% of actual purchase price)
Before bidding, you must view the legal pack for the property. This is the collection of legal documents that apply to the sale. The documents will include but are not limited to: Special Conditions of Sale, title documents from the Land Registry and Energy Performance Certificate.
To view the legal pack, first search for the property on Your Choice Auctions’ website and click onto the property to view the property details. There will be a sub-heading “Legal Documents”. Underneath this, you will be prompted to “Log in to view the legal documents”. Follow this link, you will then be directed to create an account with Auction Passport to view the documents.
The legal pack can change at any time up until the auction starts so you must check for the most recent version of the legal pack. At the point of placing your bid, you are deemed to have read the legal pack in its entirety, including any changes. Failure to check for changes to the legal pack will not be a valid reason for withdrawing from the sale.
It is strongly recommended that you instruct a qualified professional to review the legal pack and raise any necessary enquiries before bidding.
Buyer Information about legal pack
If the Buyer Information Pack has been produced and provided by Your Choice any successful purchaser will be required to pay £300.00 (including VAT) towards the cost of the preparation of the pack. These can then be used by your solicitor to progress the sale.
Special Conditions of Sale
The property is sold subject to any Special Conditions of Sale. These are contractual conditions that are included by the seller of the property - they are not part of Your Choice Auctions’ terms and conditions. The Special Conditions of Sale are legally binding. You are taken to have read and accepted these at the point of bidding, even if you have not done so. The Special Conditions of Sale are available to read in the legal pack.
Any successful buyer will pay this to secure the sale. The reservation fee is in addition to the purchase price. Please take this into account when bidding.
A reservation fee is payable by the buyer only when the seller chooses pay no fees to sell via this method. As sellers pay no fees to sell, this is usually taken into account with a lower reserve price as result.
This property is being sold under the Modern Method of Auction, which requires the completion of the purchase to be within 56 days, although all reasonable endeavors must be made to exchange contracts within 28 days following the Draft Contract being received by the Buyer's Solicitor. For More details please check with your solicitors.
A non-refundable Reservation fee must be paid by the buyer by 3pm on the same day following the conclusion of the auction or acceptance of an offer. This must be paid by cleared funds to the auctioneer who will issue an acknowledgement of reservation and purchase agreement in the 28 day period following the auction or the date of acceptance of the offer.
Buyer Other Fees to Consider
There are no other fees or charges payable to the Auctioneer however, there are other costs to consider such as:
• You will need a Solicitor to act for you during the conveyancing and your Solicitor will advise you in relation to the associated costs. If you do not have a Solicitor, we can recommend the services of one of our recommended Solicitors who are all selected prior for their expertise in Auction Transactions. Please call the number below for more information.
• Stamp Duty Land Tax (SDLT) is applicable if you buy a property or land over a certain price in England, Wales or Northern Ireland. Please click here for more information. Please check with your solicitor prior to bidding or placing the offer to plan your purchase.
To register to bid on the property, search for the lot on Your Choice Auctions’ website. Click onto the property, follow the link to “Log in/register to bid”, and you will then be directed to create an account with the online-bidding platform provider, Offr.
Need More Information?
For further information or to speak to one of our team, please call 01274 493333. or email us on email@example.com