Modern Method of Auction
Auction date not yet published
1-bedroom flat · OX12 9GZ
Sold STCListed 162 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
No Onward Chain. Residents' lounge, laundry and guest suite. This retirement home benefits from a double bedroom, modern bathroom with separate bath to shower cubicle and gated parking.
Auctioneers Additional Comments Pattinson Auction are working in Partnership with the marketing agent on this online auction sale and are referred to below as 'The Auctioneer'.
This auction lot is being sold either under conditional (Modern) or unconditional (Traditional) auction terms and overseen by the auctioneer in partnership with the marketing agent.
The property is available to be viewed strictly by appointment only via the Marketing Agent or The Auctioneer. Bids can be made via the Marketing Agents or via The Auctioneers website.
Please be aware that any enquiry, bid or viewing of the subject property will require your details being shared between both any marketing agent and The Auctioneer in order that all matters can be dealt with effectively.
The property is being sold via a transparent online auction.
In order to submit a bid upon any property being marketed by The Auctioneer, all bidders/buyers will be required to adhere to a verification of identity process in accordance with Anti Money Laundering procedures.
Bids can be submitted at any time and from anywhere. Our verification process is in place to ensure that aml procedure are carried out in accordance with the law.
A Legal Pack associated with this particular property is available to view upon request and contains details relevant to the legal documentation enabling all interested parties to make an informed decision prior to bidding.
The Legal Pack will also outline the buyers’ obligations and sellers’ commitments.
It is strongly advised that you seek the counsel of a solicitor prior to proceeding with any property and/or Land Title purchase.
Auctioneers Additional Comments In order to secure the property and ensure commitment from the seller, upon exchange of contracts the successful bidder will be expected to pay a non-refundable deposit equivalent to 5% of the purchase price of the property.
The deposit will be a contribution to the purchase price.
A non-refundable reservation fee of up to 6% inc VAT (subject to a minimum of 6,000 inc VAT) is also required to be paid upon agreement of sale.
The Reservation Fee is in addition to the agreed purchase price and consideration should be made by the purchaser in relation to any Stamp Duty Land Tax liability associated with overall purchase costs.
Both the Marketing Agent and The Auctioneer may believe necessary or beneficial to the customer to pass their details to third party service suppliers, from which a referral fee may be obtained.
There is no requirement or indeed obligation to use these recommended suppliers or services. Details: Please login to view legal packs for this property.
The apartment comprises of a large entrance hallway with good sized storage cupboard, a sitting/dining room with bay window, a separate modern and well-appointed kitchen affording a range of built in appliances, a good sized double bedroom with built in wardrobe and a modern bathroom with bath and separate shower cubicle.
This gated town centre development benefits from attractive landscaped communal gardens and patio area, a shared residents lounge, residents' House Manager, emergency pull cord system, guest suite, residents' laundry and gated car parking.
Err-b This property is being sold subject to conditional reservation fee auction terms and conditions.
Timescales There are 28 days to exchange contracts and a further 28 days to complete the purchase. 56 days in total. Legal Pack A legal pack has not been provided on this lot.
Deposit There is no deposit to pay on this property.
Buyer Fees This property is sold subject to a non-refundable reservation fee of 3.75% + VAT to a minimum of £5,000 + VAT (£6,000 inc VAT) This does not form part of the purchase price.
A reservation fee is payable by the buyer where a seller has opted to sell with no fees. As a result, a lower reserve price is usually agreed on lots where a reservation fee is applicable.
Online auction notice I hereby acknowledge and confirm the following: My bid may be accepted by the seller at any time before the close of the auction.
It is subject to the terms and conditions of the auction which I have read and understood.
I have read and understood the legal pack applicable to my bid/lot and agree to be bound by any special conditions within that pack.
If my bid is successful (whether as the highest bid or upon acceptance by the seller in the course of the auction) I shall be bound by the lot terms and conditions as advertised online.
Any amount payable at the close of the auction must be paid within 1 hour.
Please note that the bidding process will work in a different way to an eBay auction, so there is no advantage to bidding at the last second.
Each auction will automatically stay open until there has not been a bid within the final 10 minutes.
If no bid has been submitted within the final 10 minutes o f the auction, the auction will close and the highest bidder will be successful subject to the reserve price being met or upon acceptance of an offer by the seller throughout the auction cycle.
If there is another bid within 10 minutes of the last bid, the auction countdown timer will be restarted for another 10 minutes to allow further bidding.
This system avoids last-minute (or second) bidding and makes for a fairer auction as in a live-room auction situation.
Please bid in good time before the end of the auction, delaying your bid to the last seconds may disadvantage you if your connection slows or you lose internet connectivity.
The auctioneer is not responsible for any tech issues, power outage or error messages which hampers or eliminates an individual's opportunity to bid.
It is the bidder's responsibility to ensure the bid has been lodged with the auctioneer.
It is therefore beneficial to bid on your chosen lot at your earliest opportunity The auctioneer accepts no responsibility for bids that are not received or are received late and reserves the right to reject any bid without notice.
Minimum online bidding increments: £50,000 - £250 minimum bid £50,001 to £150,000 - £500 minimum bid £150,001 to £250,000 - £1,000 minimum bid ?£250,001 to £750,000 - £2,500 minimum bid £750,001 to £1.5 Million - £5,000 minimum bid £1.5 Million Plus - £10,000 minimum bid
Value & comps
No previous sales on record.
See the independent valuation, upside vs guide, and per-strategy max bid for this lot. Sign in to see it.
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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See projected short-stay revenue vs a vanilla BTL for this property.
See real sub-let margins (HMO room rates & SA nightly rates) vs the landlord rent.
Area
Agent & docs
FAQ
About 5, Pegasus Court, Wantage
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