2 Bedroom Ground Floor Flat, 6B Tile Hill Lane, Coventry, CV4 9DG

Overview

**Cash buyers only** Hammer Price Homes are delighted to present for sale by online auction this vacant & chain free, 2 bedroom ground floor flat in the popular Whoberley area of Coventry.

The well sized accommodation briefly comprises of a reception room, bathroom, kitchen and 2 bedrooms. This property also benefits from having a garage.

The property requires enhancement throughout and provides a great opportunity to those looking for a modernisation project.

This property is available to cash buyers only, please see the other information and special conditions sections for more information.

To view this property please visit the Hammer Price Homes website and register your details.

Location

The property is situated in a popular residential area which is well served by a range of day to day amenities including local shopping facilities, schools and public transport routes. Coventry City centre is just 2 miles away and offers a more extensive range of amenities and is also home to the University.

Tile hill lane is also well placed for commuters with easy access to the motorway network, including the A45 which is primary route to Birmingham. Coventry railway station is also just a short drive away.

Auction Details

** 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. Lists close 24 hours before the open day starts so book in plenty of time.)

Auction ends – Wednesday 15th August 2018 at 1pm (please read anti-sniping rules which may extend the auction)

Bidding Window Opens – Monday 13^th August 2018 (Please note bidding won’t be possible until this time)

Starting price – £50,000 (Reserve price is higher & unpublished)

Other Information

Tenure: Please note that this is a leasehold property with 68 years remaining, the freeholder cannot currently be traced so we are unable to advise on potential lease extension costs. Potential buyers should consider taking out indemnity insurance whilst attempts to trace the freeholder are made.

Structure & Drainage: There has been a recent structural survey conducted (April 2018) which confirms that the property requires some work and whilst this is not extensive, it does include the installation of helibars to strengthen the brickwork. A drainage report was also carried out and the issues have been categorised as condition A Issues – “Structurally sound with no leakage evident. Slight cracks/defects permitted.” The cost to repair the drainage issue has been quoted at £750.

Please note that both the structural and drainage reports can be made available on request.

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.