FOR SALE BY ONLINE AUCTION GUIDE PRICE: £45,000 - £50,000 (£10,000 Bidder Security required on this Lot) BIDDING OPENS: 12PM - Tuesday 20th February, 2024 BIDDING ENDS: 12PM - Wednesday 21st February, 2024 (*Please ensure you create your auction account by 5pm on Tuesday 20th February, 2024 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, mid terraced property would ideally suit the investor looking for a buy-to-let. Situated in Bradley, the property has readily available access to Huddersfield, Brighouse and Mirfield. Requiring a programme of modernisation and improvement works, which when finished could provide a good sized property ideal for the rental market. An early viewing is recommended to appreciate the potential on offer. Energy Rating: G
Enter the property through a timber external door into:-
With a further door providing access into the lounge.
Fitted with a 4 piece suite incorporating low flush WC, pedestal wash basin, panelled bath and shower cubicle. An open doorway provides access to a useful storage room.
There are small garden areas to both the front and rear.
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.
The auction legal pack shows that the property is:-
Leasehold on a 999 year term from 1904 - Please note, the title for the property is currently unregistered with the Land Registry, however the sellers solicitors hold relevant paperwork, which has also been provided within the legal pack.
Within the legal pack, a letter has been provided dated 16th September 1975 from the freeholder which shows no payment for the lease will be claimed from any new purchaser of the property whilst the lease remains under the original lease terms.
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.
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 provide the correct buyers information, can cause the auction contract to be invalid, meaning a potential loss of the deposit and further legal charges.
For this Lot, the Bidder Security of £10,000 will be used as payment of the deposit (please ensure your account is authorised to spend this amount in one transaction through your bank/building society), this money will be used as a deposit and sent across 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 s.5 of the auction contract, it states that the purchaser will pay £275 towards the local searches and this will be added to the final completion amount.
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 complete, will result in Bramleys and / or the sellers solicitors taking legal action to recover the amounts mentioned above due to breach of contract.
FAO: Charlotte Nelson
18 Lewisham 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.
or call us on 01484 530 361
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