4 Bedroom Detached House, Clarence Villa, Osborne Road, Pontypool, Torfaen, NP4 6NR

Overview

Attention Investors / Developers.

Hammer Price Homes are delighted to present for sale by online auction a unique opportunity to purchase this vacant & chain free, 4 bedroom detached house with stacks of potential within walking distance to Pontypool Town Centre. The auction is recommended for cash buyers only.

This characterful period property has been split into 2 flats to meet the previous owner’s needs however could be converted to make a large 4 bedroom property or even provide holiday accommodation, subject to gaining the necessary planning and consents.

The property briefly comprises: To the ground floor flat there is an entrance porch and hallway leading to a lounge, kitchen, 2 bedrooms and bathroom. To the first floor flat, which is accessed via a metal staircase to the rear of the property, there is a lounge, kitchen, 2 bedrooms and a bathroom.

There is also a cellar which can be accessed to the right hand side of the property which is believed to be a ‘wet cellar’ which periodically floods and the water is required to be pumped out using a submersible pump. Please see attached photograph of the front page of the pump document. Apparently this can be quite a common set up in this area. Please do your own research online in regards to this as the vendors (executors to the estate) do not know anything more about it.

The property is presented on a sizeable corner plot providing potential scope for extension / development (subject to planning) and also includes an outbuilding, garage and driveway providing of street parking.  Please see the land registry title plan attached to the Hammer Price Homes website for more information as to the boundaries. Please note that there is no planning permission for the garage that has been erected in recent years.

The accommodation in total offers 1,750 square foot of living space (not including the cellar, garage or outbuilding). See floorplans for further information.

2 EPC’s have been done for this property, 1 for each flat. Please be advised that the ground floor EPC scored low because the boiler could not be located at the inspection. It is believed that the boiler for the ground floor flat is located in the cellar.

The property is in need of enhancement throughout and presents an exciting opportunity for those looking for a modernisation / development project. Due to the condition and layout, we believe that it may be difficult to obtain a standard mortgage on the property and for that reason recommend this for cash buyers only. If you are planning on obtaining a mortgage then it is advisable that you speak with your broker / lender prior to bidding as there will be no grounds to exit the sale with a return of the reservation fee citing issues around securing lending on the property. Please refer to our buyer terms section 10.3 and our buyer FAQ’s as regards structural defects and your rights.

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

Location

Clarence Villa is conveniently located around a 10 minutes’ walk to Pontypool town centre, offering easy access to a range of amenities including shops, supermarkets, pubs, restaurants and schools. Green open spaces can be found close by and the County Hospital is just a 5 minutes’ drive from here. The property is also well placed for commuters with access to the A4042 located less than 2 miles away. Newport City Centre can be reached in less than 20 minutes and Cardiff in around 40 minutes, providing access to a more extensive range of amenities.

Auction Details

** Recommended for cash buyers. 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. 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 one in one out basis as to adhere to social distancing requirements.  Lists close 24 hours before the open day starts so book in plenty of time.

Auction ends – Thursday 3^rd September 2020 at 1pm

Bidding Window Opens – Tuesday 1^st September 2020 (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)

Special Conditions

Recommended for cash buyers only. If you are planning on obtaining a mortgage then it is advisable that you speak with your broker / lender prior to bidding as there will be no grounds to exit the sale with a return of the reservation fee citing issues around securing lending on the property or for reasons surrounding the condition or the layout of the property. 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

Garage – No planning permission. Any issues around this should be resolved after completion.

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.