FOR SALE BY ONLINE AUCTION GUIDE PRICE: £90,000 - £100,000 (£10,000 Bidder Security required on this Lot) BIDDING OPENS: 12PM - Tuesday 5th, December 2023 BIDDING ENDS: 12PM - Friday 8th, December 2023 (*Please ensure you create your auction account by 5pm on Thursday, 7th December 2023, with 2 forms of valid ID - if you intend to bid on the property. Any registrations after this time, may not be authorised for bidding). *ALL PROSPECTIVE BIDDERS ARE REMINDED TO READ THROUGH THE T&C'S PRIOR TO BIDDING* This 2 bedroom, stone built through terraced property provides scope for extension into the existing attic to create an additional bedroom/home office if required. The property is situated within walking distance of the town centre and would make an ideal purchase for the investor buyer. Offering in excess of 1,100 sqft, the property requires a programme of modernisation and improvement works throughout, however could provide a generous home or student let, depending on requirements. Energy Rating: G
Enter the property through an external door.
With an ascending staircase and a door which provides access to the lounge.
With a window and tiled fireplace.
Currently fitted with base cupboards, a gas cooker point, stainless steel sink and window to the rear elevation. A door provides access to the lower ground floor cellar.
Providing additional storage.
Situated to the rear of the property, with a staircase providing access to the second floor attic room.
Furnished with a 3 piece suite comprising of a low flush WC, pedestal wash basin and corner shower cubicle.
Accessed via a narrow tread staircase and having a Velux style window.
The property is accessed via a set of stone steps which lead up to the front door, where there is also a paved garden area. A passageway gives access to the rear of the property where there is a walled garden area.
The auction legal pack contains title extracts relating to the auction property. Bramleys have not checked the title deeds for any discrepancies or rights of way. All prospective bidders should review the documents located within the auction legal pack and make their own enquiries before placing a bid on the auction property.
Leave Huddersfield via Manchester Road (A62) and proceed to the traffic lights by Kirklees College. Here take a sharp right and then go straight across into Bankfield Road. The property will be found after a short distance on the right hand side, clearly identified by a Bramleys Auction board.
The auction legal pack shows that the property is:-
Please use the following link to view Bramleys online auctions buying guide which gives full details on the buying process:- https://www.bramleys.com/files/Online-Auctions-Buying-Guide.pdf
Bramleys DO NOT recommend purchasing a property with a mortgage due to the strict deadline of 20 working days to complete the purchase. If you successfully bid on the property and are unable to complete the purchase due to lack of funds, then this will result in breach of contract and financial penalties (as shown below).
Bramleys require proof of funding within 24 hours of the auction ending, to show that you are financially qualified to purchase the property that you have successfully bid on.
The auction legal pack is available to view online, please access the auction portal through the auction lot on our website. If you have not registered with us before, then you will need to create a new account.
We advise all prospective bidders to pay close attention to all the documents within the legal pack.
The auction contract will need to be signed by the successful bidder within 24 hours of the auction ending.
Any bids received through the online auction platform are legally binding and therefore cannot be withdrawn during the auction process. If you are unsure for any reason prior to bidding at auction, you should either instruct a solicitor to look over the legal pack or alternatively direct your enquiry to the sellers solicitor (information below). Failure to complete on a purchase will result in financial penalties due to breach of contract.
Please ensure the name of the purchaser/company is correct on your registered auction account and the ID provided also links with this information. As all details provided at the end of the auction will be added to the contract and sent to both sets of solicitors.
Persons bidding by proxy, must still provide ID for themselves and the person/company buying the auction lot. Failure to do this, can cause the auction contract to be breached, meaning a loss of the deposit and further legal charges.
The bidder security of £10,000 will be used as partial payment of the deposit (please ensure your account is authorised to spend this amount in one transaction through your bank/building society), however Bramleys will require an additional amount to provide a 10% deposit to the sellers solicitors. Failure to pay the remaining balance within 24 hours of the auction finishing, will incur financial penalties (interest rate shown on auction contract), interest will be added to the remaining deposit balance until the full 10% has been paid. The interest will be passed to the seller or persons entitled to it under the sales conditions.
The successful purchaser will be required to pay an auctioneers administration charge of £1,500 inc VAT for each lot purchased whether the lot is purchased at the auction, prior to or after the auction.
An invoice for the above amount will be sent to the successful bidder after the auction has ended. This payment is required to be paid within 24 hours of the auction ending.
This payment goes direct to Bramleys LLP and is non-refundable.
As per the auction contract, under section 6 of the special conditions:- "The amount payable on completion shall include the sum of £250.00 being the Local Search fee incurred and any other search fees advised prior to the completion date".
Failure to complete a purchase on an auction property bought through Bramleys will result in breach of contract and will incur the following financial penalties:-
1) Loss of 10% deposit.
2) Loss of buyers premium.
3) Any and all costs for the Agents to re-list the property
4) The buyer will pay the difference in value, on resale of the property.
Failure to pay the above, will result in Bramleys and / or the sellers solicitors taking legal action to recover the amounts mentioned above due to breach of contract.
FAO: David Hofton
6-8 Harrison Road
Buyers must provide details of their chosen solicitor, so that in the event of winning a Lot Bramleys can initiate the necessary legal proceedings between both sets of solicitors.
Subject to a successful bid being received on the above auction property on 6th December, 2023. The completion date has been extended until on or before the 17 January, 2024. Any delays after this date will be subject to daily interest on the remaining sales balance, as detailed within the auction contract.
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