3 Bedroom Terraced House, 226 Commercial Way, Peckham, London, SE15 1PT

Overview

Hammer Price Homes are delighted to present for sale by online auction this vacant & chain free 3 Bedroom Terraced House in Peckham. This auction is open to cash buyers only.

The accommodation briefly comprises: To the ground floor there is a lounge, sitting room, dining room, kitchen and outside W.C. To the first floor there is a landing leading to 3 bedrooms and a washroom.

Externally there is a small garden to the front of the property and well sized garden to the rear.

The property and its grounds are in need of thorough renovation throughout with scope to reconfigure and possibly extend (subject to the usual planning consents) presenting an exciting opportunity for those looking for a modernisation project.

Please note that the property does not have a functional bathroom or kitchen and as such it is highly unlikely to be approved for lending, for this reason we open the auction to cash buyers only. There will be no grounds to withdraw from the sale with a return of the reservation fee reservation fee citing issues around securing lending on the property. Other terms & conditions apply.

In order to view this property, please visit the Hammer Price Homes website, register as a buyer and book on to an open day.

Location

Commercial way is conveniently located within walking distance to the centre of Peckham which offers a broad range of amenities including a number of global eateries, trendy bars and night spots and a host of shopping facilities. The property is ideally placed for commuters with both Peckham Rye and Queens Road Peckham train stations located less than a mile away , offering numerous services to various destinations throughout London.

Special Conditions

Recommended for cash buyers only due to the general condition of the property and its lack of a functional kitchen / bathroom, there will be no grounds to withdraw from the sale with a return of the reservation fee reservation fee citing issues around securing lending on the property. Other terms & conditions apply.

Auction Details

** Recommended for cash buyers only. 90 Days to complete and no deposit payable**

Please note that there is a Reservation fee (2.4% 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 above. (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 – Wednesday 5^th February 2020 at 1pm (please read anti-sniping rules which may extend the auction)

Bidding Window Opens – Monday 3^rd February 2020 (Please note bidding won’t be possible until this time)

Starting price – £340,000 (Reserve price is higher & unpublished)

Other Information

Tenure – Freehold

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 solicitor to the estate has never lived there and may not be able to answer the usual pre-contract questions.