2 Bedroom Terraced House – 11 Wesley Street, Failsworth, Oldham, M35 9EB

Overview

Hammer Price Homes are delighted to present for sale by online auction this vacant & chain free, 2-bedroom terraced house in Failsworth.

The accommodation briefly comprises: To the ground floor is a porch leading to a living room and kitchen. To the first floor are 2 bedrooms and a bathroom. Outside there is a yard to the rear of the property.

The property is in need of modernisation throughout and would be of appeal to those looking for a modernisation project.

Due to the general condition of the property, we feel that securing a standard mortgage may prove difficult and as such recommend this auction for cash buyers only. There will be no grounds to withdraw from the sale with a return of the reservation fee for issues around securing lending on the property.

A full search pack is available for download and will be charged to the winning bidder at £250 Plus VAT, this is payable at the same time as the reservation fee. Please see the Other Information section for more details.

Please note that there is a completion requirement of 75 days on this property.

To view the property, please visit the Hammer Price Homes website, register as a buyer and book a place on an open day.

Location

The property is well placed within walking distance from Failsworth town Centre and just over 10 minutes’ drive from Oldham Town Centre, offering access to a wide range of local amenities. Manchester City Centre is just 6 miles away and hosts a wide range of shopping and leisure facilities as well as 2 universities.

Special Conditions

This auction is recommended for cash buyers only. There will be no grounds to withdraw from the sale with a return of the reservation fee for issues around securing lending on the property or for any reasons surrounding the condition of the property or for anything in the searches. 75 days to complete.

Other Information

Tenure – Freehold

Searches – A search pack has been added to the Hammer Price Homes website for download. Please ensure that you read the searches prior to bidding as there will be no grounds to withdraw from the sale with a return of the reservation fee for reasons around the searches.  There will also be an additional cost to the buyer of £250 plus vat for the searches. This is payable by the winning bidder and is in addition to the reservation fee.

Rent charge – Property is subject to a yearly rent charge of £26, see land registry documentation for further information

Auction Details

** recommended for cash buyers only. 75 days to complete**

Please note that there is a Reservation fee (3.0% Inc. VAT, subject to a minimum fee of £3,000 incl 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 – Wednesday 28^th September 2022 at 1pm (subject to anti-sniping)

Bidding Window Opens – Monday 26^th September 2022 (Bidding will not be possible until this time)

Starting price – £76,000 (Reserve price is higher & unpublished, typically the starting price will be 15 – 20% below the Reserve figure as per our Buyer Terms)

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 vendors / solicitor may not be able to answer the usual pre-contract questions