1 Park Hill Drive, Derby, DE23 8AA

2 Bedroom, Detached Bungalow, 1 Park Hill Drive, Derby, DE23 8AA

Overview

Hammer Price Homes are pleased to present for sale by online auction this 2 bedroom detached bungalow in Derby. The sale is recommended for cash buyers only.

The property briefly comprises: To the ground floor, an entrance hallway leading to a living room, dining room, kitchen, conservatory, two bedrooms and a bathroom.

Outside the property rests on a good sized corner plot with generously sized front, side and rear gardens. The gardens are overgrown as seen on the property photography. The winning bidder will be responsible for clearing the gardens post completion

The property requires full renovation throughout, and this sale is recommended for cash buyers only due to the general condition; we feel it may be difficult to obtain lending via a traditional mortgage on the property. If you are looking to finance the purchase through a traditional mortgage then please ensure that you have checked with your lender prior to bidding. There will be no grounds for the buyer to withdraw from the sale with a return of the reservation fee citing issues around the condition of the property, for any issues in financing the purchase, or for any concerning information within the searches. The property is sold as seen.

To view the property please visit the Hammer Price Homes website, register as a buyer and book in for a viewing.

Location

Park Hill Drive is a highly sought after residential location within easy reach of the vibrant city centre of Derby with its ranges of shops, restaurants, bars and the Derbion Shopping Centre. The property is close to local primary schools, The Royal Derby Hospital and has ease of access to the ring road giving onward travel to the A50, A52 and M1 corridor.

Special Conditions

This sale is recommended for cash buyers only due to the general condition; we feel it may be difficult to obtain lending via a traditional mortgage on the property. There will be no grounds for the buyer to withdraw from the sale with a return of the reservation fee citing issues around the condition of the property, for any issues in financing the purchase, or for any concerning information within the searches. The property is sold as seen and 60 days to complete.

Tenure

Tenure – Freehold – Land Registry documents and Official Copy (Conveyance) 25.11.1958 are available for download from the Hammer Price Homes website.

Other information

The Administrator / Solicitor dealing with the estate has never lived at the property and therefore has limited knowledge. The below information has been provided to the best of our knowledge and should not be relied on in full. Please note due to the nature of the property some of the services may be isolated.

Council Tax Band – B

EPC Rating – E

Utilities:

Primary source of Water Supply: Assumed Mains Water

Primary source of Electricity Supply: Assumed Mains Electricity

Primary source of Gas Supply: Mains Gas Supply (information taken from EPC Certificate)

Source/s of heating: Boiler & Radiators (Taken from EPC)

Primary arrangement for Sewerage/Drainage: Due to the property being on a residential street, it is assumed that it is connected to a public sewer.

Searches

Searches have been added and are made available for download from the Hammer Price Homes website. The winning bidder will be required to pay for the search pack which is £300 (Inc. VAT), this is payable at the same time as the reservation fee. Prospective buyers are to review all searches available prior to bidding.

Auction Details

** Recommended for cash buyers only. 60 days to complete**

Auction ends – Wednesday 3^rd July 2024 at 1:00pm (Subject to anti-sniping).

Bidding Window Opens – Monday 1^st July 2024 at 12:00pm (Bidding will not be possible until this time).

Starting price – £88,000 (Reserve price is higher & unpublished, typically the starting price will be 15 – 20% below the Reserve figure as per our Buyer Terms)

Fees

All fees are payable by bank transfer only (we do not take card payments).

Reservation Fee – Please note that there is a Reservation Fee (3.6% Including VAT subject to a minimum fee of £3,600 Including VAT) payable by the buyer within 2 hours of 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.

Searches –The buyer is required to pay £300 (Inc. VAT) for the search pack. This is payable at the same time as the reservation fee.

Viewings

To view the property please visit the Hammer Price Homes website, register as a buyer and book in for a viewing. Bidding is only permitted for those who have viewed. Viewers must stick to their time precisely.

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 is a probate property and is sold as seen. The Administrator / Solicitor dealing with the estate has never lived at the property so may not be able to answer the usual pre-contract questions or provide a property information form.