9 Caerphilly Road, Ystrad Mynach, CF82 7EP

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 , 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. 90 days to complete, 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.

We are working within government safety guidelines at all times, hosting tightly controlled open days. This property is vacant which means we should comfortably be able to follow social distancing guidelines and we will work to a maximum of 1 booking per time slot. Viewers will be asked to stick to their time precisely, and to keep to the 2 metre rule if in the property at the same time as another viewer. Attendees are allowed to bring one other person with them to a viewing provided that they are within the same household /support bubble.  The wearing of face masks are required at this current time so viewers are asked to ensure they bring one with them, our host may have a small supply with them for those that have forgot to bring one. We will endeavour to supply hand sanitiser fluid at entrance and exit. Viewers are responsible for keeping up to date with local Government restrictions/guidelines and following them appropriately.

Auction ends – Wednesday 24^th March 2021 at 1pm

Bidding Window Opens – Monday 22nd March 2021 (Bidding will not be possible until this time)

Starting price – £120,000 (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. See documents that make up the epitome of title available in the downloads section above.

Charge on the deeds – Buyers should be advised that the Deeds contain a historic charge . This charge represents a mortgage (believed to be from the 1950’s) that was taken out by the previous vendors (now deceased). The lender was the NUM (National union for miners) who lent money to their workers in order to purchase property. The union would then hold the deeds as capital and only release them when paid off in full.  The deeds were indeed held by the vendors at the date of death which shows that the mortgage was paid off in full. Whilst the union of mine workers doesn’t really exist nowadays, the vendors solicitor did manage to get in contact with a private individual (secretary type) from the NUM who confirmed that they have no outstanding mortgages from anybody who borrowed money from that area of wales. The buyer will be responsible for the first registration and the vendors solicitor will assist in providing the necessary information to ensure it is registered without a charge.

Special Conditions

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.

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.