3 Bedroom Semi-Detached House, 25 Coast Road, Redcar, TS10 3NL
Overview
Hammer Price Homes are delighted to present for sale by online auction this vacant & chain free, 3 bedroom semi-detached house with sea views in Redcar. Due to the condition of the property, this auction is open for cash buyers only.
The property briefly comprises: To the ground floor there is an entrance porch and hallway leading to a sizeable open plan living and dining room, kitchen, utility room and W.C. To the first floor there is a large master bedroom with dressing room, 2 further bedrooms and a bathroom.
Outside there are gardens to the front, side and rear and a garage and driveway to the rear of the property providing off street parking.
There are a number of cracks throughout the property and as such, the vendors commissioned a structural report to highlight the cause of the cracks. The observations from this report are available for download from the Hammer Price Homes website. Please read the report prior to bidding.
Due to the cracking, we feel that the property is unlikely to be approved for lending through a standard mortgage and for this reason are opening this auction for cash buyers only. There will be no grounds to withdraw from the sale with a return of the reservation fee due to issues obtaining lending on the property.
To view the property, please visit the Hammer Price Homes website, register as a buyer and book a place on an open day.
Location
The property is located just a stone’s throw away from the beach, offering lovely views of the coast and is within walking distance from a number of amenities. The property is also very well placed for commuters, with Redcar east Train station located just a 5 minutes’ walk away from here.
Special Conditions
This auction is open for cash buyers only as due to the condition it will be not be possible to obtain lending on the property through a traditional mortgage. The property is sold as seen. 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.
Other Information
Tenure – Freehold
Cracking – There are a number of cracks throughout the property and as such, the vendors commissioned a structural report to highlight the cause of the cracks. The observations from this report are available for download from the Hammer Price Homes website. Please read the report prior to bidding.
Auction Details
** open for cash buyers only. 90 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.
Auction ends – Wednesday 27th October 2021 at 1pm (subject to anti-sniping)
Bidding Window Opens – Monday 25th October 2021 (Bidding will not be possible until this time)
Starting price – £160,000 (Reserve price is higher & unpublished, typically the starting price will be 15 – 20% below the Reserve figure as per our Buyer Terms)
Viewings
We will continue to keep abreast of Government guidelines re Covid-19. This property is vacant and we are restricting the viewing numbers so that social distancing measures can be adhered to.
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 is 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 vendors / solicitor may not be able to answer the usual pre-contract questions
