3 Bedroom Detached House, 3 Bridge Street, Castle Gresley, Swadlincote, DE11 9HX

Overview

Hammer Price Homes are delighted to present for sale by online auction this vacant & chain free 3 bedroom detached house in the popular residential area of Castle Gresley. This is open to cash buyers only.

The accommodation briefly comprises of: To the ground floor there is an entrance porch, sitting room, living room and kitchen. On the first floor you will find three bedrooms and a combined bathroom/W.C.

Externally there is a large enclosed garden to the side of the property incorporating a double detached garage and driveway providing secure parking for several vehicles.

The property requires enhancement throughout providing an exciting opportunity for those looking for a modernisation project.

The property was recently tenanted and may be of appeal to an investor looking for a buy to let property.

Structure

A report prepared for the Vendor in April 2017 suggests that there appears to be ongoing structural movement to the original building. The property lies within an area of former coal mining subsidence and this may be the main contributory factor. The extent of the cracking and distortion of the internal and external wall structures is such that the property is considered unlikely to secure mortgage lending and is therefore open to Cash Buyers only.

You will not qualify to have the reservation fee returned should you withdraw from the sale on the grounds of structural related issues so please bid only on the basis that you accept the risks associated with buying this property. Maybe consider taking advice from a building company that can assess the condition of the property in more detail before bidding. A builder can obtain an open day with you or on your behalf.

Location

Bridge Street is situated about a mile away from Swadlincote town centre which includes an array of shops, restaurants and a cinema. The location is ideal for commuters being close to a local road network that provides easy access to the M1, M42 and the M6. Burton-On-Trent railway station is about 4 miles away with direct routes to Derby, Nottingham and Birmingham.

Auction Details

** Open to Cash buyers only. 90 Days to complete and no deposit payable**

Please note that there is a Reservation fee (2.4% Inc. VAT subject to a minimum of £2,400 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 on the website. (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 25^th April 2018 at 1pm (please read anti-sniping rules which may extend the auction)

Bidding Window Opens – Monday 23rd April 2018 (Please note bidding won’t be possible until this time)

Starting price – £110,000 (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 property is being sold as part of a deceased estate with vacant possession and is sold as seen. The administrator and solicitor to the estate have never lived there and may not be able to answer the usual pre-contract questions.