48 Gerrard Street, Lancaster, LA1 5LZ

2 Bedroom, Mid Terrace House, 48 Gerrard Street, Lancaster, LA1 5LZ

Overview

Hammer Price Homes are pleased to present for sale by online auction this 2 bedroom mid terrace house in Lancaster. The sale is strictly open for cash buyers only with 60 days to complete.

The property briefly comprises: To the ground floor, an entrance hallway leading to a lounge and kitchen. To the first floor there is a landing leading to 2 bedrooms and a bathroom.

Outside there is a small rear garden and outbuilding.

The property requires full renovation throughout, and this sale is strictly open for cash buyers only due to the condition, we feel you would not be able to obtain a standard mortgage on the property. There will be no grounds for the buyer to withdraw from the sale with a return of the reservation fee citing issues around the condition of the property (including anything of a structural nature), for any issues in financing the purchase, or for any concerning information within the searches. The property is sold as seen.

To view the property please visit the Hammer Price Homes website, register as a buyer and book in for a viewing.

Location

The property is situated just minutes away from Lancaster city centre, just past the railway station and Abraham Heights. These generous properties attract many families having great access to the mainline railway station, the hospital and the universities. Within the area is a primary school rated outstanding by Ofsted and of course a great choice of secondary schools including Ripley and the Grammar schools. A handy footpath connects from the top of the street to Westbourne Rd – a great short cut to the city centre and train station. There are peaceful riverside and woodland walks, a playing field and children’s play park all within easy reach.

Special Conditions

This sale is open for cash buyers only as due to the condition the property is deemed unmortgageable. There will be no grounds for the buyer to withdraw from the sale with a return of the reservation fee citing issues around the condition of the property (including anything of a structural nature), for any issues in financing the purchase, or for any concerning information within the searches. The property is sold as seen 60 days to complete.

Tenure

Tenure – Freehold – Land Registry documents are available for download from the Hammer Price Homes website.

Other information

The Administrator / Solicitor dealing with the estate has never lived at the property and therefore has limited knowledge. The below information has been provided to the best of our knowledge and should not be relied on in full. Please note due to the nature of the property some of the services may be isolated.

Council Tax Band – A

EPC Rating – G

Utilities:

Primary source of Water Supply: Assumed Mains Water

Primary source of Electricity Supply: Assumed Mains Electricity

Primary source of Gas Supply: Mains Gas Supply (information taken from EPC Certificate)

Source/s of heating: Room Heaters (information taken from EPC Certificate)

Primary arrangement for Sewerage/Drainage: Foul and Surface water drain into a Public Sewer (information taken from the Drainage & Water search).

Searches

Searches are now available for download from the Hammer Price Homes website prior to the bidding taking place. The winning bidder will be required to pay for the search pack which is £300 (Inc. VAT), this is payable at the same time as the reservation fee. Prospective buyers are to review all searches available prior to bidding.

Auction Details

** Open for cash buyers only. 60 days to complete**

Auction ends – Wednesday 3^rd July 2024 at 2:00pm (Subject to anti-sniping).

Bidding Window Opens – Monday 1^st July 2024 at 12pm (Bidding will not be possible until this time).

Starting price – £56,000 (Reserve price is higher & unpublished, typically the starting price will be 15 – 20% below the Reserve figure as per our Buyer Terms)

Fees

All fees are payable by bank transfer only (we do not take card payments).

Reservation Fee – Please note that there is a Reservation Fee (3.6% Including VAT subject to a minimum fee of £3,600 Including VAT) payable by the buyer within 2 hours of 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.

Searches –The buyer is required to pay £300 (Inc. VAT) for the search pack. This is payable at the same time as the reservation fee.

Viewings

To view the property please visit the Hammer Price Homes website, register as a buyer and book in for a viewing. Bidding is only permitted for those who have viewed. Viewers must stick to their time precisely.

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 Administrator / Solicitor dealing with the estate has never lived at the property so may not be able to answer the usual pre-contract questions or provide a property information form.