2022-08-05 02:21, User_1
This property is for sale by Modern Method of Auction powered by iamsold ltd - Starting Bid £900,000 plus Reservation Fee. A rare opportunity to own this detached property in an ideal near central location. The property is currently split into 4 separate self contained flats with a further one bedroom annexe to the rear. Two of the flats have been completely renovated with the other three still needing some updating. This is an ideal investment opportunity for someone.
Chesterton Road is an ideal location for those working or studying in the City Centre with easy access to the Science and Business Parks and Addenbrookes Hospital. Chesterton Road also offers many local amenities including shopping and banking facilities and provides good access to the A14 and M11, as well as the Cambridge North train station.
Ground Floor Flat
Kitchen/Breakfast
Bedroom
Shower Room
Cellar
First Floor Flat
Reception
Kitchen
Bedroom
Bathroom
Second Floor Flat
Kitchen
Bedroom
Bathroom
Rear Flat
Reception
Kitchen
Bathroom
Annexe Flat
Kitchen/reception
Bedroom
Bathroom
Outside
Rear of property
To the rear of the property is a garden area which is laid to concrete and gravel. There is also a driveway offering private parking for several cars.
Auction Notes
Auctioneer Comments
This property is for sale by the Modern Method of Auction. Should you view, offer or bid on the property, your information will be shared with the Auctioneer, iamsold Limited This method of auction requires both parties to complete the transaction within 56 days of the draft contract for sale being received by the buyers solicitor (for standard Grade 1 properties). This additional time allows buyers to proceed with mortgage finance (subject to lending criteria, affordability and survey). The buyer is required to sign a reservation agreement and make payment of a non-refundable Reservation Fee. This being 4.2% of the purchase price including VAT, subject to a minimum of £6,000.00 including VAT. The Reservation Fee is paid in addition to purchase price and will be considered as part of the chargeable consideration for the property in the calculation for stamp duty liability. Buyers will be required to go through an identification verification process with iamsold and provide proof of how the purchase would be funded. This property has a Buyer Information Pack which is a collection of documents in relation to the property. The documents may not tell you everything you need to know about the property, so you are required to complete your own due diligence before bidding. A sample copy of the Reservation Agreement and terms and conditions are also contained within this pack. The buyer will also make payment of £300 including VAT towards the preparation cost of the pack, where it has been provided by iamsold. The property is subject to an undisclosed Reserve Price with both the Reserve Price and Starting Bid being subject to change.
Referral Arrangements
The Partner Agent and Auctioneer may recommend the services of third parties to you. Whilst these services are recommended as it is believed they will be of benefit; you are under no obligation to use any of these services and you should always consider your options before services are accepted. Where services are accepted the Auctioneer or Partner Agent may receive payment for the recommendation and you will be informed of any referral arrangement and payment prior to any services being taken by you.
Agents Notes
1. Money laundering regulations: Intending purchasers will be asked to produce photographic and proof of address identification documentation at a later stage and we would ask for your co-operation in order that there will be no delay in agreeing the sale.
2. General: While we endeavour to make our sales particulars fair, accurate and reliable, they are only a general guide to the property and, accordingly, if there is any point which is of particular importance to you, please contact the office and we will be pleased to check the position for you, especially if you are contemplating travelling some distance to view the property.
3. Measurements: These approximate room sizes are only intended as general guidance. You must verify the dimensions carefully before ordering carpets or any built-in furniture.
4. Services: Please note we have not tested the services or any of the equipment or appliances in this property, accordingly we strongly advise prospective buyers to commission their own survey or service reports before finalising their offer to purchase.
5. These particulars are issued in good faith but do not constitute representations of fact or form part of any offer or contract. The matters referred to in these particulars should be independently verified by prospective buyers or tenants. Neither Malcolms residential limited nor any of its employees has any authority to make or give any representation or warranty whatever in relation to this property
Truth Factor: N/A
