2022-06-22 08:27, User_1
Homewise Ltd Agent Valuation of this property is £214,500
Securing this property with A lifetime lease
Lifetime Lease guide price for Over 60s: £214,500 based on an average saving of 33%Over 60 Customers can save anywhere from 8.5% to 59%*.
Market Value Price: £325,000
Through the Home for Life Plan from Homewise, those aged 60 or over can purchase a Lifetime Lease with a one-off payment to become the Lifetime Lease owner of this property. The cost to purchase the Lifetime Lease is always less than the full market value. The saving can vary from 8.5% to 59%* depending on your age, personal circumstances and property criteria. The above guide price is the estimated price payable by a 69-year-old single male. For an indication of what you could save, please use our calculator on the Homewise website (see link below). For more information or a personalised quote, just give us a call. Alternatively, if you are under 60 or would like to purchase the property at the full market value of £325,000, please contact Wards.
Property DESCRIPTIONFor sale by Modern Method Auction. This bright and spacious family home is situated on a fantastic residential road in High Brooms. The property has been extended to provide 3 large bedrooms and is in need of refurbishment. The property further benefits being close to primary and secondary schools and to High Brooms main line station.
- Ground floor
- Lounge 11'10 x 10'10 (3.61m x 3.30m)
- Dining Room 11'11 x 11'0 (3.63m x 3.36m)
- Kitchen 11'1 x 8'5 (3.38m x 2.57m)
- Lobby 7'1 x 4'1 (2.16m x 1.25m)
- First floor
- Bedroom 1 11'10 x 10'9 (3.61m x 3.28m)
- Bedroom 2 11'10 x 10'9 (3.61m x 3.28m)
- Second floor
- Bedroom 3 11'10 x 10'8 (3.61m x 3.25m)
Auction closing date is Saturday 25th June 2022 at 12pm auctioneer's comments
This property is for sale by the Modern Method of Auction - powered by iamsold Ltd. Should you view, offer or bid on the property, your information will be shared with the Auctioneer, iamsold.
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. 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 3.6% 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 £300.00 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
Homewise 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 Homewise 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.
To view or make A bid
- Contact Homewise
The information provided about this property does not constitute or form part of an offer or contract, nor may be it be regarded as representations. All interested parties must verify accuracy and your solicitor must verify tenure/lease information, fixtures & fittings and, where the property has been extended/converted, planning/building regulation consents. All dimensions are approximate and quoted for guidance only as are floor plans which are not to scale and their accuracy cannot be confirmed. Reference to appliances and/or services does not imply that they are necessarily in working order or fit for the purpose.
We are pleased to offer our customers a range of additional services to help them with moving home. None of these services are obligatory and you are free to use service providers of your choice. Current regulations require all estate agents to inform their customers of the fees they earn for recommending third party services. If you choose to use a service provider recommended by Homewise, details of all referral fees can be found at the link below. If you decide to use any of our services, please be assured that this will not increase the fees you pay to our service providers, which remain as quoted directly to you.
Suitable as a retirement home.
Truth Factor: N/A