2 Bedroom Terraced House, 4 Albert Street, Bury, BL9 7BH
Overview
Hammer Price Homes are pleased to present for sale by online auction this vacant & chain free, 2 bedroom terraced house in Bury.
Due to the general condition of the property we feel it would be unmortgageable and therefore open this auction for cash buyers only.
There is also a strict 30 days to complete. Searches and conveyancing documents are available for download below.
The property briefly comprises: To the ground floor there is an entrance leading to a living room, kitchen and lean-to. To the first floor are 2 bedrooms and a bathroom.
Outside there is a well sized yard to the rear, please note that it will be the responsibility of the buyer to clear what is in the garden post completion.
The property is in need of modernisation throughout and due to the general condition this auction is open for cash buyers only as we believe you will not be able to finance through a traditional mortgage. The property is sold as seen and you will not be able to withdraw from the sale with a return of the reservation fee citing issues around securing lending on the property or for reasons concerning the condition of the property. There is a strict 30 days to complete, please ensure that you review documentation, including searches before bidding.
Please see the special conditions and other information section for further details.
To view this property please visit the Hammer Price Homes website, register as a buyer and book your place on an open day.
Location
The property is located just a 10 minutes’ walk to Bury town centre offering easy access to a wide range of shopping and leisure facilities. Green open spaces can also be found close by, as can a number of schools. The property is also well placed for commuters, with access to the major road network close by, including the M66, which can be reached in just a couple of minutes.
Special Conditions
This auction is open for cash buyers only as due to the condition we feel you will not be able to secure lending on the property through a traditional mortgage. You will not be able to withdraw from the sale with a return of the reservation fee citing issues around securing lending on the property or for reasons concerning the condition of the property. There is a strict 30 days to complete, please ensure that you review documentation, including searches before bidding. Searches are paid for by the buyer on winning the auction, at £300.
Other Information
Tenure – leasehold 840 years remaining – See land registry documentation for further information.
You will notice on the land registry document, that number 2 Albert Street also appears on the plan, please note that number 2 Albert Street is not included in the sale. This is because Number 2 was sold off by way of an underlease and is required to pay number 4 a small ground rent of £2. There is a land registry explanation pdf available for download from the hammer Price Homes website which was provided by the solicitor and explains this in more detail.
Searches – Searches are available for download from the Hammer Price homes website. Please note that there is an additional charge of £300 to the buyer to cover the search costs. These are payable at the same time as the reservation fee.
Auction Details
** Open for cash buyers only. 30 days to complete**
Please note that there is a Reservation fee (2.4% Inc. VAT subject to a minimum of £3,000 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.
An additional payment of £300 is payable by the buyer to cover searches.
Auction ends – Thursday 18th November 2021 at 1pm (subject to anti-sniping)
Bidding Window Opens – Tuesday 16th November 2021 (Bidding will not be possible until this time)
Starting price – £39,000 (Reserve price is higher & unpublished, typically the starting price will be 15 – 20% below the Reserve figure as per our Buyer Terms)
Viewings
Bidding is only permitted for those who have viewed.
We will continue to keep abreast of Government guidelines re Covid-19. This property is vacant which means we should comfortably be able to conduct viewings whereby safe distancing is adhered to. We allow a maximum of 2 bookings per 15 minute time slot. Viewers must to stick to their time precisely.
Please try and maintain a safe distance if you are in the property at the same time as another viewer who is not from your household.
The wearing of face masks whilst currently not mandatory is advisable.
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 solicitor acting on behalf of the estate may not be able to answer the usual pre-contract questions.