2022-08-04 14:14, User_1
2 Bedroom Detached Bungalow, 56 Billy Buns Lane, Wombourne, Wolverhampton, WV5 9BP
Hammer Price Homes are pleased to present for sale by online auction this vacant & chain free, 2 bedroom detached bungalow in Wombourne. The auction is recommended for cash buyers.
The property briefly comprises: To the ground floor there is an entrance hallway leading to a living room, kitchen, 2 bedrooms and bathroom.
Outside there are gardens to the front and rear and a driveway and garage providing ample off-street parking.
The property is in need of significant modernisation throughout and due to the condition, we feel it may be difficult to secure lending on the property through a traditional mortgage. For this reason, the auction is recommended to cash buyers only. If you are planning on obtaining lending on the property, then please check with your lender / broker prior to bidding as you 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 any reasons concerning the general condition of the property.
To view this property please visit the Hammer Price Homes website, register as a buyer and book your place on an open day.
The property is located on a popular rural street and is within walking distance to a number of local amenities. A short drive of 16 minutes will take you into Wolverhampton city centre, which boasts a large shopping centre, a retail-packed high street and many bars and eateries. The property is also very well placed for commuters, with Wolverhampton Train Station also in the town centre.
This auction is recommended for cash buyers only as due to the condition we feel it may be difficult to secure lending on the property through a traditional mortgage. You will not be able to withdraw from the sale with a return of the reservation fee citing issues around securing lending on the property or for reasons concerning the general condition of the property.
Tenure – Freehold – See land registry documentation for further information.
** Recommended for cash buyers only. 90 days to complete**
Please note that there is a Reservation fee (3% Inc. VAT subject to a minimum of £3,000 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 1st September 2022 at 1pm
Bidding Window Opens – Tuesday 30th August at 10am (Bidding will not be possible until this time)
Starting price - £168,000 (Reserve price is higher & unpublished, typically the starting price will be 15 – 20% below the Reserve figure as per our Buyer Terms)
Bidding is only permitted for those who have viewed. Please register as a buyer on the Hammer Price Homes website and book in for an open day.
Approx. Gross internal floor area – 55.88 sqm / 601 sq ft (Excludes Garage)
Comprises of an entrance hallway leading to these rooms:
Living room – 11'11 x 10'11 (3.63m x 3.33m)
Kitchen - 12'11 x 10' (3.94m x 3.05m)
Bedroom 1 - 11'11 x 11' (3.64m x 3.36m)
Bedroom 2 – 8' x 10' (2.44m x 3.05m)
Bathroom – 9'11 x 7'5 (3.02m x 2.02m)
Garage – 8'4 x 16'6 (2.54m x 5.02m)
Front and rear gardens
Driveway and Garage
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 property is sold as seen. This is a probate sale so the solicitor / administrator may not be able to answer the usual pre-contract questions.
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