2 Bedroom Semi Detached Bungalow, 73 Grosvenor Road, Billingham, TS22 5AW

Overview

Hammer Price Homes are delighted to present for sale by online auction this 2 bedroom semi detached bungalow in a sought after residential area of Billingham. The auction is open to cash buyers only.

The accommodation briefly comprises: To the ground floor there is an entrance hallway leading to a living room, kitchen-diner, 2 bedrooms and a bathroom.

To the outside there are gardens to the front and rear, a detached garage & drive providing ample off-street parking.

The property which is sold as seen is presented in an unmodernised state with a very low EPC rating of F. We feel that it may be difficult to obtain lending on the property (particularly buy-to-let financing due to the EPC rating) and therefore have opened the auction to cash buyers only. There will be no grounds to withdraw from the sale with a return of the reservation fee citing issues concerning the condition of the property, or for problems connected with securing lending on the property.

The property would suit those looking for a modernisation project.

A full search pack is available for download on the listing on the Hammer Price Homes Website. The buyer will be required to pay for the search pack which is £250 plus vat, this is payable at the same time as the reservation fee.

If you wish to view the property please visit the Hammer Price Homes website, register as a buyer (its free to register) and book your place on an open day.

Location

The property is well situated for local schools, amenities and transport links. Billingham railway station is only 1 ½ miles away.

Special Conditions

This auction is open to cash buyers as due to the condition it may not be possible to obtain lending on the property. The property is sold as seen. The buyer will not be able to withdraw from the sale with a return of the reservation fee citing issues around securing lending on the property, for reasons concerning the general condition of the property, or for anything concerning information in the searches. Completion is to be no later than 60 days from the end of the reservation period.

Other Information

Tenure – Freehold

Auction Details

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

Please note that there is a Reservation fee (3% 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.

Auction ends – Thursday 11^th May 2023 at 1pm (Subject to anti-sniping)

Bidding Window Opens – Tuesday 9^th May 2023 at 10am (Bidding will not be possible until this time)

Starting price – £88,000 (Reserve price is higher & unpublished, typically the starting price will be 15 – 20% below the Reserve figure as per our Buyer Terms)

Viewings

To view the property please visit the Hammer Price Homes website, register as a buyer (its free to register) and book your place on an open day. Bidding is only permitted for those who have viewed. Viewers are asked to keep to their appointment time.

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.