2 Bedroom end of Terraced House, 33 Malden Road, Borehamwood, WD6 1BN
Overview
Hammer Price Homes are delighted to present for sale by online auction this vacant & chain free 2 bedroom end of terraced house in Borehamwood. This auction is open for cash buyers only.
The accommodation briefly comprises: To the ground floor there is a sitting room, dining room, kitchen and W.C. On the first floor you will find two bedrooms and a well sized bathroom.
Outside there is a small garden to the front of the property and well sized garden to the rear.
The property is back on the market due to a previous buying having to withdraw from the purchase as their mortgage application was declined by the lenders due to the general condition of the property. For this reason, this auction is open for cash buyers only. There will be no grounds to withdraw from the sale with a return of the reservation fee citing issues around securing lending on the property.
The property and its gardens require renovation throughout and present a good opportunity for those looking for a project.
Normally viewings would be by open day but due to restrictions re Coronavirus (COVID-19) we are not able to provide viewings in any form. If you do wish to bid having not viewed then please register with us as a buyer and then email/call us letting us know you wish to bid. We will send you a questionnaire which will be forwarded to our compliance team. It will be at their discretion whether they allow you bid or not.
Location
Malden road is located just a short walk to Borehamwood Town Centre which offers a wide range of local amenities including shops, bars and restaurants, supermarkets and cinema. The property is well placed for commuters with Elstree & Borehamwood Train Station located around half a mile away offering a direct service to London Blackfriars in around 35 minutes.
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.
Normally viewings would be by open day but due to restrictions re Coronavirus (COVID-19) we are not able to provide viewings in any form. If you do wish to bid having not viewed then please register with us as a buyer and then email/call us letting us know you wish to bid. We will send you a questionnaire which will be forwarded to our compliance team. It will be at their discretion whether they allow you bid or not.
Auction ends – Wednesday 8th April 2020 at 1pm (please read anti-sniping rules which may extend the auction)
Bidding Window Opens – Monday 6th April 2020 (Please note bidding won’t be possible until this time)
Starting price – £240,000 (Reserve price is higher & unpublished)
Special Conditions
This auction is open for cash buyers only as due to the general condition we believe that the property is unmortgageable. There will be no grounds to withdraw from the sale with a return of the reservation fee citing issues around securing lending on the property.
The 90 day completion requirement should still be adhered to however, in the event that delays on either side are caused by genuine reasons surrounding the COVID-19 pandemic, then “reasonable” extensions should be granted. Extensions will be reviewed and agreed on a case by case basis provided that the buyer / seller have been seen to have been engaging with the process and have kept all relevant parties informed of any possible delays throughout the conveyancing process.
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.
Business Continuity & Stakeholder Welfare– RE: Coronavirus (COVID-19)
Dear Members & Business Partners
Given recent developments around Covid-19, we wanted to keep you informed of the steps we are taking to support business continuity and the welfare of our members, partners and employees.
Our business is an online business and we have put contingency plans into immediate effect whereby all of our staff are working from home in line with the recent instruction from the Government. This should not have any adverse effect on our efficiency and ability to perform our duties.
It is possible however that due to the number of parties involved that there could be some delays stemming from the effects of the pandemic, i.e. key people having to self-isolate etc. We will be working hard to ensure matters are kept on track and will continue to communicate with all parties involved throughout our marketing period and the 90 days conveyancing process that follows. In some cases delays maybe unavoidable and we would ask for your support. For all auctions due to close after 23rd March 2020 please do observe the special conditions on the listing relating to delays to the 90 day completion timeframe.
In line with government advice all open day viewings will cease from close of business on March 23rd 2020 until such times as the Government permits public gatherings.
Our Auction listings will be kept live on our site and other marketing sites with a TBC notice relating to open days and the auction itself. We would encourage those interested in taking part in an auction to register with us as a buyer and send an email to us, via the “Ask a question” tab found on the relevant property listing on our site. As soon as we have clarification as to open day and auction dates we will be in touch.
We will continue to promptly divulge and act upon advice given by the Government and our regulatory body The Property Ombudsman (TPO).
If you have any queries or concerns with this regard then please call our business support team on 020 3814 1888
Thank you for your continued support during this period.
