16 Leicester Road, Dinnington, S25 2PX

3 Bedroom Terraced House, 16 Leicester Road, Dinnington, S25 2PX

Overview

Hammer Price Homes are pleased to present for sale by online auction this 3-bedroom terraced house in Dinnington.

Due to the general condition and low EPC rating, this auction is open for cash buyers only. Please note that there are 60 days to complete from draft contracts being issued by the vendors solicitor.

The property briefly comprises: To the ground floor there is an entrance porch leading to a living room, dining room, kitchen and bathroom. Upstairs there is a landing leading to 3 bedrooms.

Outside there is a small front garden and a yard to the rear of the property. See title plan for boundary information. The rear yard doesn’t currently have a boundary fence that separates it from the neighbouring property. The new buyer will be required to arrange this with the neighbour post completion if they wish.

The property requires full renovation throughout and this sale is open for cash buyers only due to the general condition and low EPC rating, we feel you would not be able to obtain a standard mortgage on the property. There will be no grounds to withdraw from the sale with a return of the reservation fee citing issues around the condition of the property or for any issues in financing the purchase.

As well as the reservation fee, the buyer is required to contribute £750 to the vendor’s solicitor for legal fees, this is payable at the same time as the reservation fee.

Searches, should the buyer wish to order them, would be payable by the buyer during the conveyancing process and would be ordered by the buyer / their solicitor.

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 placed within walking distance to a number of local amenities and is less than 30 minutes’ drive from Sheffield City Centre providing access to a wide range of shopping and leisure facilities. The property is also well placed for commuters, with access to the major road networks, including the M1, which can be reached in around 10 minutes from the property.

Special Conditions

60 days to complete from draft contracts being issued. The property is sold as seen and this sale is strictly open for cash buyers only as due to the condition the property is deemed unmortgageable. There will be no grounds to withdraw from the sale with a return of the reservation fee citing issues around the condition of the property or for issues financing the purchase.

Other information

Tenure – Freehold – Land Registry documents are available for download from the Hammer Price Homes website.

Auction Details

** Open for cash buyers only. 60 days to complete from draft contracts being issued**

Auction ends – Wednesday 2^nd August 2023 at 1:00pm (Subject to anti-sniping)

Bidding Window Opens – Monday 31^st July 2023 at 10am (Bidding will not be possible until this time)

Starting price – £16,000 (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.

Vendors Legal Fee – The buyer is required to contribute £750 (including vat) to the vendors legal fees. 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 deputyship property and is sold as seen. The Solicitor dealing with the sale has never lived at the property so will not be able to answer the usual pre-contract questions.