Modern Method of Auction
Auction date not yet published
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See how verdicts work2-bedroom terraced house · WS8 7LD
For saleListed 5 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
PLEASE NOTE: PROPERTY IS NON STANDARD REEMA CONSTRUCTION The property is for sale through the modern method of auction.
The accommodation briefly comprises: entrance hallway, lounge, kitchen, wet room, two bedroom, and a conservatory. There is also a garage, plus large gated driveway and private rear garden.
Auctioneer Comments This property is for sale by the Modern Method of Auction which is not to be confused with traditional auction.
The Modern Method of Auction is a flexible buyer friendly method of purchase.
We do not require the buyer to exchange contracts immediately; however, from the date the draft contract for sale is received by the Buyer's solicitor, the buyer has 56 DAYS in which to complete the transaction; whilst using every endeavour to exchange contracts within the first 28 days.
Allowing the additional time to exchange contracts means interested parties can proceed with traditional residential finance.
Upon close of a successful auction, or if the vendor accepts an offer during the auction, the buyer will be required to make payment of: A non-refundable Reservation Fee of 4.5% of the final agreed sale price including VAT - this is subject to a minimum of £6,600.00 including VAT - which reserves the property from sale by securing the transaction and takes the property off the market.
The Reservation Fee is paid in addition to the final negotiated selling price.
A non-refundable Buyer Information Pack fee of £300.00 including VAT towards the preparation cost of the pack, if the Buyer Information Pack has been produced and provided by IAM Sold.
The Documents in the pack can then be used by your solicitor during the conveyancing stage of the purchase. It is recommended that you view the Buyer Information Pack before agreeing to your purchase.
Fees paid to the Auctioneer may be considered as part of the chargeable consideration for the property and be included in the calculation for stamp duty liability.
Further clarification for this must be sought from your legal representative.
The buyer will be required to sign a Reservation Agreement to confirm acceptance of the terms prior to solicitors being instructed.
A sample copy of the Reservation Agreement and all terms and conditions can be found in the Buyer Information Pack, which can be downloaded from the auction section of our website, or requested from our Auction Department.
Please note this property is subject to an undisclosed reserve price which is generally no more than 10% in excess of the starting bid, both the starting bid and reserve price can be subject to change.
Terms and conditions apply to the Modern Method of Auction, which is operated by the West Midlands Property Auction powered by IAM Sold. Lovett&Co.
Estate Agents are pleased to offer for sale this well presented two bedroom terraced house, situated in a quiet cul-de-sac.
On the ground floor, the property features a spacious lounge to the rear, good sized fitted kitchen, inviting hall, porch with a large useful storage cupboard and an integral garage.
Upstairs are two double bedrooms, family bathroom and landing. Externally the property offers a two car driveway and front lawn.
There is also a private rear garden which is not overlooked and comprises a lawn, patio area and useful out building with lighting and power.
It is situated in Brownhills, offering a range of local amenities, including a variety of shops.
Commuter benefits include A5, A38 and the M6 toll Road linking the Midlands Motorway network and there are both Cross and Inter City railway lines available from Lichfield Cathedral City with it's tourist links and Garrick Theatre, being approximately 4 miles away.
Auctioneer Comments This property is for sale by the Modern Method of Auction which is not to be confused with traditional auction.
The Modern Method of Auction is a flexible buyer friendly method of purchase.
We do not require the buyer to exchange contracts immediately; however, from the date the draft contract for sale is received by the Buyer's solicitor, the buyer has 56 DAYS in which to complete the transaction; whilst using every endeavour to exchange contracts within the first 28 days.
Allowing the additional time to exchange contracts means interested parties can proceed with traditional residential finance.
Upon close of a successful auction, or if the vendor accepts an offer during the auction, the buyer will be required to make payment of: A non-refundable Reservation Fee of 4.5% of the final agreed sale price including VAT - this is subject to a minimum of £6,600.00 including VAT - which reserves the property from sale by securing the transaction and takes the property off the market.
The Reservation Fee is paid in addition to the final negotiated selling price.
A non-refundable Buyer Information Pack fee of £300.00 including VAT towards the preparation cost of the pack, if the Buyer Information Pack has been produced and provided by IAM Sold.
The Documents in the pack can then be used by your solicitor during the conveyancing stage of the purchase. It is recommended that you view the Buyer Information Pack before agreeing to your purchase.
Fees paid to the Auctioneer may be considered as part of the chargeable consideration for the property and be included in the calculation for stamp duty liability.
Further clarification for this must be sought from your legal representative.
The buyer will be required to sign a Reservation Agreement to confirm acceptance of the terms prior to solicitors being instructed.
A sample copy of the Reservation Agreement and all terms and conditions can be found in the Buyer Information Pack, which can be downloaded from the auction section of our website, or requested from our Auction Department.
Please note this property is subject to an undisclosed reserve price which is generally no more than 10% in excess of the starting bid, both the starting bid and reserve price can be subject to change.
Terms and conditions apply to the Modern Method of Auction, which is operated by the West Midlands Property Auction powered by IAM Sold.
PORCH: Front entrance door, carpeted flooring, ceiling light point, useful storage cupboard and door to hall.
RECEPTION HALL: Accessed from the porch and featuring: front entrance door, tiled flooring, ceiling light point, stairs to first floor accommodation, doors to kitchen and lounge.
LOUNGE: 5.20m x 3.27m Carpeted flooring, feature fireplace, coving, TV & phone sockets, ceiling light points, radiator, patio doors and window to rear garden.
KITCHEN: 3.27m x 3.25m Range of matching wall and base units incorporating cupboards, drawers and work surfaces, inset bowl sink and drainer with mono tap, space and plumbing for appliances, strip lighting, coving, useful storage cupboard and window to front.
FIRST FLOOR LANDING: Carpeted flooring, ceiling light point, access to loft, doors off to two bedrooms, family bathroom and airing cupboard.
MASTER BEDROOM: 5.20m x 2.65m Carpeted flooring, radiator, ceiling light point and two windows to rear.
BEDROOM TWO: 2.66m x 4.11m Built in wardrobe, dressing area, radiator, ceiling light point and window to front.
FAMILY BATHROOM: Suite comprising: bath with shower over, pedestal wash hand basin, W/C, wall tiling, carpeted flooring, ceiling light point and window to front.
VIEWING: Please contact us on if you would like to arrange a viewing appointment for this property or require further information.
DISCLAIMER:These particulars are set up as a general outline only for the guidance of intending purchasers or lessees, and do not constitute part of an offer or contract.
All descriptions, dimensions, references to conditions and necessary permissions for use and occupation and other details are given in good faith and are believed to be correct but any intending purchasers or tenants should not rely on them as representations or fact but must satisfy themselves by inspection or otherwise as to the correctness of each of them.
No person in the employment of Lovett&Co has any authority to make or give any representation or warranty whatsoever in relation to this property.
Value & comps
No previous sales on record.
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Returns
Set an offer; the calculator follows it.
We're still gathering serviced-accommodation data for this area.
Archie refurb estimate: a Pro feature
0.0% below starting price
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Past performance does not guarantee future results. Tax implications vary by individual circumstances.
Deal
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Area
Agent & docs

FAQ
About Shannon Drive, Walsall
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