10 Fairmead Close, The Wells Road, Nottingham, NG3 3EQ

2 Bedroom End-Terrace House, 10 Fairmead Close, The Wells Road, Nottingham, NG3 3EQ

Overview

Hammer Price Homes are pleased to present for sale by online auction this 2 – bedroom end-terrace house in Nottingham. The sale is recommended for cash buyers only.

The accommodation briefly comprises: To the ground floor, an entrance hallway leading to a living room and kitchen/Dining Room. To the first floor there is a landing leading to 2 bedrooms and a bathroom.

Outside there are good sized gardens to the front and rear. The property benefits from an allocated parking space as seen on the Land Registry title plan. Please note the parking space is identified as a ‘garage space’ on the Land Registry title, but no garage is associated with this sale, it is a hard standing parking space.

The auction is a good opportunity for somebody looking for a modernisation project.

This sale is recommended for cash buyers only as due to the general condition of the property and the 60 days to complete timescales of the auction, we feel it may be difficult to secure lending via a traditional mortgage. 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 financing the purchase, or for anything contained within searches.

Searches have been added to the auction listing and are available for download from the Hammer Price Homes website.

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

Location

The property is located within in a popular residential area located to the east of the city of Nottingham. The property benefits from being close to schools and a wide range of local amenities including shops and leisure facilities. The property benefits from excellent transport links to Nottingham City Centre, including frequent bus services along The Well’s Road.

Special Conditions

This sale is recommended for cash buyers only as due to the general condition of the property and the 60 days to complete timescales of the auction, we feel it may be difficult to secure lending via a traditional mortgage. There will be no grounds for the buyer to withdraw from the sale with a return of the reservation fee citing issues around financing the purchase, or for anything contained within searches.

Other information

Tenure – Freehold – Land Registry documents, including the transfer dated 18.09.1984 are available for download from the Hammer Price Homes website.

Auction Details

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

Auction ends – Thursday 8^th February 2024 at 1:00pm (Subject to anti-sniping)

Bidding Window Opens – Tuesday 6^th February 2024 at 10:00am (Bidding will not be possible until this time)

Starting price – £72,000 (Reserve price is higher & unpublished, typically the starting price will be 15 – 20% below the Reserve figure as per our Buyer Terms)

Fees

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. Payment is to be made by Bank Transfer; we do not accept card payments. 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 – Searches have been added to the auction listing. The buyer 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.

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.