1 Bedroom Detached Bungalow, Wrekin Bungalow, Pentwyn, Abersychan, Pontypool NP4 7TA

Overview

Hammer Price Homes are delighted to present for sale by online auction this 1-bedroom detached bungalow with stunning views in Pentwyn.

Due to the general condition and construction type, this auction is open to cash buyers only as we feel you will not be able to secure lending on the property through a traditional mortgage.

Please be advised that the driveway used to access the property is not included in the sale as it is not actually owned by the property. The driveway and the land immediately behind the driveway is property of the owner of the surrounding land. The previous occupier of Wrekin Bungalow was given permission to use the land as a driveway as an agreement between friends, but that agreement is no longer in place. The title plan attached to the Hammer Price Homes website shows the boundary lines which you can see is to the right-hand side of the driveway as you look at the property. Any attempts / negotiations to purchase the land in full should be made post completion.

The property, which we believe to be made of a timber frame, briefly comprises: To the ground floor there is an entrance porch leading to a living room, kitchen, bedroom and bathroom.

The property sits on a well sized elevated plot with gardens to the front, side and rear, offering stunning views of the nearby countryside. (see land registry title plan for boundary information)

The property will possibly be seen more as a building plot, however no planning applications have been submitted. Any applications for planning permission should be made post completion. The property is sold as seen.

This sale is open for cash buyers only as due to the condition we do not feel that you would not be able to get a standard mortgage on the property. There will be no grounds to withdraw from the sale with a return of the reservation fee citing issues around the condition of the property, for difficulties financing the purchase (through a mortgage or otherwise), or for any reasons surrounding the condition / construction type or structure of the property.

To view the property please visit the Hammer Price Homes website, register as a buyer and book in for a viewing.

Location

The property is well placed close to the local amenities on offer in Pentwyn, Pontnewynydd and Pontypool and just a 25 minutes’ drive from Newport City Centre, offering easy access to an extensive range of shopping and leisure facilities.

Special Conditions

The property is sold as seen. This sale is open for cash buyers only as due to the condition we do not feel that you would be able to get a standard mortgage on the property. There will be no grounds to withdraw from the sale with a return of the reservation fee citing issues around the condition of the property or for difficulties financing the purchase (through a mortgage or otherwise) or for any reasons surrounding the condition / construction type or structure of the property. There will also be no ground for a return of the reservation fee for reasons around the property boundary that concerns the driveway not belonging to the property.

Other Information

Tenure – Freehold – see land registry information for more details.

Auction Details

** Open for cash buyers only. 90 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 15^th December 2022 at 1pm (Subject to anti-sniping)

Bidding Window Opens – Tuesday 13^th December 2022 at 10am (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)

Viewings

To view the property please visit the Hammer Price Homes website, register as a buyer and book in for a viewing. Bidding is only permitted for those who have viewed. Viewers must to stick to their time precisely.

Parking

On street, potential to create driveway

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 executor / Solicitor has never lived at the property so may not be able to answer the usual pre-contract questions.