1 Bedroom Terraced Bungalow, 5 Summerheath, Mabe Burnthouse, Penryn, Cornwall TR10 9JT

Overview

Hammer Price Homes are delighted to present for sale by online auction this vacant & chain free 1 bedroom terraced bungalow in Penryn.

The accommodation briefly comprises: There is an entrance porch leading to a living room, kitchen, bedroom and conservatory.

Outside, there are gardens to the front and rear and also 2 designated parking spaces, see title plan document for more information.

The property requires modernisation throughout and due to its condition we feel that it may be difficult to obtain a mortgage on the property, for this reason, this auction is recommended 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. Please see special conditions for more information.

To view this property please visit the Hammer Price Homes website, register as a buyer and book your place on to an open day.

Location

The property is conveniently placed just a 5 minute drive from Penryn Town Centre which provides access to a number of local amenities including supermarkets, shops, restaurants and pubs as well as schools / colleges and Falmouth University. Falmouth Town Centre is also just a 10 minute drive away from here and offers additional amenities and is home to the popular Gyllynvase Beach.

Special Conditions

This auction is recommended for cash buyers only and 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. Please refer to our buyer terms section 10.3 and our buyer FAQ’s as regards structural defects and your rights, these can be found on the Hammer Price Homes website

Other Information

Tenure – Freehold – see Land registry documents available for download on the hammer price homes website.

The conveyance dated 04.11.1988 is also available for download and contains restrictive covenants.

Auction Details

** Recommended for 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. Open days are being operated on a safe basis with a maximum of 2 bookings per time slot and attendees will asked to respect social distancing guidelines if in the property at the same time as another viewer.  Lists close 24 hours before the open day starts so book in plenty of time.

Auction ends – Wednesday 26^th August 2020 at 1pm (please read anti-sniping rules which may extend the auction)

Bidding Window Opens – Monday 24^th August 2020 (Please note bidding won’t be possible until this time)

Starting price – £69,500 (Reserve price is higher & unpublished. Typically the Starting price will be 15-20% below the Reserve figure as per our Buyer Terms)

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 is a probate property and is sold as seen. The administrator and solicitor 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 contingency plans in place whereby all or part of our staff can work from home, in line with Government guidelines, if needed. This will not have any adverse effect on our efficiency and ability to perform our duties. Open days will be tightly controlled and operated with safety in mind, allowing no more than 2 bookings per time slot so that social distancing guidelines can be adhered to.

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.