2 Bedroom Terraced House, 111 Lower Paddock Road, Watford, WD19 4GU
Overview
Hammer Price Homes are delighted to present for sale by online auction this vacant & chain free 2 bedroom character terraced cottage in Oxhey Village.
This auction is strictly open to cash buyers only; please see special conditions for more information.
The accommodation briefly comprises: To the ground floor there is a living room, dining room, kitchen and a bathroom. To the first floor there are 2 bedrooms.
Outside, there are gardens to the front and rear and nearby on street parking. The property requires a full refurbishment providing an exciting opportunity to those looking for a modernisation project.
This auction is open for cash buyers only as due to the general condition we believe that the property is unmortgageable. Please see our special conditions.
To view this property please visit the Hammer Price homes website and book your place on to an open day.
Location
The property is located in the heart of Oxhey Village, within close proximity of Bushey Station. Watford Town Centre and the Harlequin Shopping Complex is approximately 1 mile and the property is well placed for easy access to the motorway network.
Special Conditions
This auction is open for cash buyers only as due to the general condition we believe that the property is unmortgageable. There will be no grounds to withdraw from the sale with a return of the reservation fee citing issues around securing lending on the property.
Other Information
Tenure – Freehold
Auction Details
** Open to cash buyers only. 90 Days to complete and no deposit payable**
Please note that there is a Reservation fee (2.4% Inc. VAT subject to a minimum of £2,400 Inc. 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.
To view the property you must register and book on one of the open days as detailed on the website. Please note: Entrance will be refused if you are not on the list so please make sure you book your place using the online system. Lists close 24 hours before the open day starts so book in plenty of time.
Auction ends – Thursday 28th May 2020 at 1pm (please read anti-sniping rules which may extend the auction)
Bidding Window Opens – Tuesday 26th May 2020 (Please note bidding won’t be possible until this time)
Starting price – £199,500 (Reserve price is higher & unpublished)
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 and the buyer honoured to pay it. 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 and solicitor may not be able to answer the usual pre-contract questions.
Business Continuity & Stakeholder Welfare– RE: Coronavirus (COVID-19)
Dear Members & Business Partners
Given recent developments around Covid-19, we wanted to keep you informed of the steps we are taking to support business continuity and the welfare of our members, partners and employees.
Our business is an online business and we have put contingency plans into immediate effect whereby all of our staff are working from home in line with the recent instruction from the Government. This should not have any adverse effect on our efficiency and ability to perform our duties.
It is possible however that due to the number of parties involved that there could be some delays stemming from the effects of the pandemic, i.e. key people having to self-isolate etc. We will be working hard to ensure matters are kept on track and will continue to communicate with all parties involved throughout our marketing period and the 90 days conveyancing process that follows. In some cases delays maybe unavoidable and we would ask for your support. For all auctions due to close after 23rd March 2020 please do observe the special conditions on the listing relating to delays to the 90 day completion timeframe.
We will continue to promptly divulge and act upon advice given by the Government and our regulatory body The Property Ombudsman (TPO).
If you have any queries or concerns with this regard then please call our business support team on 020 3814 1888
Thank you for your continued support during this period.
