5 Bedroom Detached House, 9 Caerphilly Road, Ystrad Mynach, CF82 7EP

Overview

Hammer Price Homes are delighted to present for sale by online auction this vacant & chain free, 5 bedroom detached house in Ystrad Mynach. Due to the condition, this auction is strictly open for cash buyers only.

This unique property briefly comprises: To the ground floor there are four reception rooms, a kitchen, bathroom and a two W.C’s. On the first floor there is a landing leading to 5 bedrooms. The property could benefit from some reconfiguration and possible extension, subject to gaining the necessary planning and consents .

Outside there are gardens to the sides and rear of the property, there is also a driveway providing off street parking. Please see the title plan available for download from the Hammer Price Homes website which shows the boundaries of the property.

The property requires significant renovation throughout and due to its condition the auction is open to cash buyers only. You will not be able to withdraw from the sale with a return of the reservation fee citing any issues around securing lending on the property or for reasons concerning the condition of the property, this includes any roof work that may be required. 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.

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

Location

The property is located within close proximity to Ystrad Mynach Town Centre which provides access to a range of local amenities including shops, bars and restaurants, a train station, leisure centre and much more. Ysbyty Ystrad Fawr general hospital is located just over the road. The major road networks are also easily accessible from here, providing links to Cardiff and Newport City Centres, both of which can be reached in less than 30 minutes by car.

Auction Details

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

Bidding Window Opens – Monday 24th August 2020 (Bidding will not be possible until this time)

Starting price – £95,000 (Reserve price is higher & unpublished, typically the starting price will be 15 – 20% below the Reserve figure as per our Buyer Terms)

Other Information

Tenure – Freehold (unregistered, the solicitor has the deeds)

Special Conditions

60 day completion. 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, this includes any roof work that may be required. Please refer to our buyer terms section 10.3 and our buyer FAQ’s as regards structural defects and your rights.

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.