2 Bedroom Terraced House, 31 Faringford Road, Stratford, E15 4DP
Overview
Hammer Price Homes are pleased to present for sale by online auction this vacant & chain free, 2 bedroom terraced house in Stratford. Due to the condition of the property this auction is strictly open for cash buyers only.
The property briefly comprises: To the ground floor there is an entrance hallway leading to a living room, dining room, kitchen, and W.C. To the first floor there are 2 bedrooms. Please note that there is no bathroom currently within the property.
Outside there is a small front garden and a yard to the rear. See title plan for boundary information.
The property is in need of significant modernisation throughout and due to its condition this auction is open to cash buyers only as 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, for reasons concerning the general condition of the property. Please refer to our buyer terms section 10.3 and our buyer FAQ’s for more information, these can be found on the Hammer Price Homes website.
To view this property please visit the Hammer Price Homes website, register as a buyer and book your place on an open day.
Location
Faringford road is very well placed within walking distance to a large number of amenities including a host of shopping and eating facilities, Westfield Stratford City shopping centre and the Olympic Village. Green open spaces can be found closeby including the popular Stratford and West Ham parks. The property is also well serviced for commuters, with Stratford Tube and International Train stations both located within walking distance from here.
Special Conditions
This auction is open for cash buyers only. 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 – See land registry documents which are available for download from the hammer price homes website. The land registry document references a conveyance dated 1st August 1963, this document was not presented at the time of the first registration and as such is not available. The vendors solicitor can provide an indemnity should it be required.
Auction Details
** Open to cash buyers only. 90 days to complete**
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.
Auction ends – Thursday 27th May 2021 at 12pm
Bidding Window Opens – Tuesday 25th May 2021 (Bidding will not be possible until this time)
Starting price – £280,000 (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 are working within government safety guidelines at all times, hosting tightly controlled open days. This property is vacant which means we should comfortably be able to follow social distancing guidelines.
We allow a maximum of 2 bookings per 15 minute time slot. Attendees are allowed to bring one other person with them to a viewing provided that they are within the same household /support bubble.
Viewers must to stick to their time precisely, and keep to the 2 metre rule if in the property at the same time as another viewer.
The wearing of face masks are required at this current time so viewers are asked to ensure they bring one with them, our host may have a small supply with them for those that have forgot to bring one. We will endeavour to supply hand sanitiser fluid at entrance and exit. Viewers are responsible for keeping up to date with local Government restrictions/guidelines and following them appropriately.
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
