55 Coldean Lane, Brighton, BN1 9GE

3 Bedroom Semi-Detached House, 55 Coldean Lane, Brighton, BN1 9GE

Overview

Hammer Price Homes are delighted to present for sale by online auction this vacant & chain free 3 bedroom semi-detached house in Coldean. This auction is strictly open to cash buyers only.

The accommodation briefly comprises: To the ground floor there is an entrance hallway leading to a reception room, dining room, kitchen, W.C. and store room. On the first floor there are 3 bedrooms and a bathroom.

Outside there are well sized gardens to the front and rear with a pathway to the side. The front garden offers potential to be converted to include a driveway, subject to gaining any necessary planning and consents.

Please be aware that there is a tree located adjacent to the front left hand corner of the property and is within close proximity to the house. A structural survey has been carried out in relation to this tree and whilst we are unable to share the survey with third parties, the following observations where made:

• Single storey side section – The tree has damaged the single storey side section of the property which has moved in the past and the brick coursing is out of true. The tree roots will extend underneath this part of the property and this section has been damaged. The floor slab has not been particularly well built and there are cracks in the floor, It is recommended that the tree is removed and consideration be given to completely removing the single story side section of the structure.
• No signs of any major issues with ongoing progressive movement were noted to the main building.
• It was also advised that the lintel above the front left hand window on the main building is slightly out of true, this is not believed to be caused by the tree but by the lintel sagging due to it being undersized by modern standards. It is likely that all the lintels require upgrading.

Due to the issues caused by the tree and also the general condition of the property, we believe that the property is unmortgageable and therefore open the auction for cash buyers only. See special conditions for further information.

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

Location

The property is located in a popular residential estate close to local amenities and a number of green open spaces. Coldean Lane is conveniently placed around a 10 minutes’ drive from the centre of Brighton which offers a wealth of amenities including shops, bars, restaurants and provides easy access to the coast.

The property is also well placed for commuters, with Falmer train station located around 1.5 miles away, and Brighton Train station, which offers direct services to London in just over an hour, can be reached in around 10 minutes by car.

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) 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 (These will be confirmed once Government restrictions are lifted). 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 19^th August 2020 at 1pm

Bidding Window Opens – Monday 17^th August 2020 (Bidding will not be possible until this time)

Starting price – £160,000 (Reserve price is higher & unpublished, typically the starting price will be 15 – 20% below the Reserve figure as per our Buyer Terms)

Special Conditions

Due to the issues caused by the tree and also the general condition of the property, we believe that the property is unmortgageable. This auction is open to 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 (including the issues caused by the tree that are outlined in the overview section). 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

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 with vacant possession 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.