2 Bedroom Maisonette, 176 Main Street, Frizington, CA26 3SB

Auction Details

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

Auction ends – Wednesday 6^th September 2023 at 1pm (Subject to anti-sniping)

Bidding Window Opens – Monday 4^th September 2023 at 10am (Bidding will not be possible until this time)

Starting price – £12,000 (Reserve price is higher & unpublished, typically the starting price will be 15 – 20% below the Reserve figure as per our Buyer Terms)

Overview

Hammer Price Homes are pleased to present for sale by online auction this 2-bedroom maisonette split over 3 floors in Frizington.

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 maisonette, which is accessed to the side of the property briefly comprises: To the ground floor there is an entrance and shower room, to the first floor there is a kitchen and 2 bedrooms, the property also offers a converted loft space which is currently used as a living room. Please be advised that we are unsure if the loft space meets building regs for living accommodation.

There is a rear yard, see lease and title plan for further information as to boundary.

As per the lease (which is available for download) the property is not able to be rented out and is for private residential use only.

The property is being sold as seen and the buyer will be responsible for clearing the property post completion.

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.

The buyer will also be responsible for paying for the LPE1 form should they wish to get one, the costs can be seen in the Fees section below.

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 located just a short drive from Whitehaven Town Centre which offers easy access to a host of local amenities.

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. Property to be cleared by the buyer post completion.

Other information

Tenure – Leasehold – 999 years from 1^st January 2018 (993 years remaining). Land Registry documents and the lease are available for download from the Hammer Price Homes website.

Ground rent: £500 per annum

Insurance: Buildings insurance is handled by the management company and was charged at £286.83 for the period November 2022 – November 2023

Maintenance Fees – N/A – maintenance is handled by the leaseholders.

Freeholder – 365 Asset Management Limited

Management company – Circle Residential Management Ltd.

Fees

Reservation Fee – Please note that there is a Reservation Fee (3.6% 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.

LPE 1 – The buyer will be responsible for the costs of getting an LPE1 form if required, costs are £396.00 (incl of VAT) for a 3^rd edition or £792 (incl Vat) for a 4^th Edition.

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.

Parking

On street

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.