Ref: PSK/Auction
FOR SALE BY ONLINE AUCTION GUIDE PRICE: £80,000 (£10,000 Bidder Security required on this Lot - to be paid direct to Bramleys) BIDDING OPENS: 12PM - Tuesday 7th January, 2025. BIDDING ENDS: 12PM - Wednesday 8th January, 2025. (*Please ensure you create your auction account by 11am on Tuesday 7th January 2025, with 2 forms of valid ID - if you intend to bid on the property. Any registrations after this time, may not be authorised for bidding). *ALL PROSPECTIVE BIDDERS ARE REMINDED TO READ THROUGH THE T&C'S PRIOR TO BIDDING* Forming an ideal purchase for the investor buyer, is this 2 bedroom mid terraced property situated in the residential area of Pellon. Located a short distance from Halifax town centre, the property provides good sized accommodation which requires a programme of modernisation and improvement. Externally there are garden areas to both front and rear. Energy Rating: D
Enter the property through an external door into:-
With a central heating radiator and stairs rising to the first floor.
This good sized reception room is fitted with a gas fire set onto a tiled hearth and back drop, a bay window and a central heating radiator.
With a stainless steel sink unit and a range of dark oak base units and wall cupboards. There are laminated work surfaces, window and a central heating boiler.
Being plumbed for a washing machine and fitted with a central heating radiator.
A small keeping cellar and coal store.
With a central heating radiator and double glazed window.
With a central heating radiator and window.
Furnished with a coloured suite, window and part tiled walls.
There are small garden areas to both front and rear.
The auction legal pack contains title extracts relating to the auction property. Bramleys have not checked the title deeds for any discrepancies or rights of way. All prospective bidders should review the documents located within the auction legal pack and make their own enquiries before placing a bid on the auction property.
Leave Halifax via King Cross Road and at the main set of traffic lights by the fire station stay in the right hand lane. Continue through onto the A646 and at the next set of traffic lights turn right onto Warley Road. Proceed up the hill pass the primary school and upon reaching West View Park turn right onto Spring Hall Lane. Follow the road up, turning left into Reservoir Road. The property will be found towards the top on the right hand side.
Freehold
A
Please use the following link to view Bramleys online auctions buying guide which gives full details on the buying process:- https://www.bramleys.com/files/Online-Auctions-Buying-Guide.pdf
Bramleys DO NOT recommend purchasing a property with a mortgage due to the strict deadline of 20 working days to complete the purchase. If you successfully bid on the property and are unable to complete the purchase due to lack of funds, then this will result in breach of contract and financial penalties (as shown below).
Bramleys require proof of funding within 24 hours of the auction ending, to show that you are financially qualified to purchase the property that you have successfully bid on.
The auction legal pack is available to view online, please access the auction portal through the auction lot on our website. If you have not registered with us before, then you will need to create a new account.
We advise all prospective bidders to pay close attention to all the documents within the legal pack.
The auction contract will need to be signed by the successful bidder within 24 hours of the auction ending.
Any bids received through the online auction platform are legally binding and therefore cannot be withdrawn during the auction process.
If you are unsure for any reason prior to bidding at auction, you should either instruct a solicitor to look over the legal pack or alternatively direct your enquiry to the sellers solicitor.
Failure to complete on a purchase will result in financial penalties due to breach of contract.
Please ensure the name of the purchaser/company is correct on your registered auction account and the ID provided also links with this information.
As all details provided at the end of the auction will be added to the contract and sent to both sets of solicitors.
Persons bidding by proxy, must still provide ID for themselves and the person/company buying the auction lot.
Failure to provide the correct buyers information, can cause the auction contract to be invalid, meaning a potential loss of the deposit and further legal charges.
For this Lot, a Bidder Security of £10,000 will be held by Bramleys until the end of the auction sale.
The successful bidder will be automatically charged the £10,000 at the end of the auction and this will used as payment of the deposit (please ensure your account is authorised to spend this amount in one transaction through your bank/building society), however if the price goes above £100,000 then Bramleys will require an additional amount from the successful bidder to provide a full 10% deposit to the sellers solicitors.
Failure to pay the remaining deposit balance within 24 hours of the auction finishing, will incur financial penalties (interest rate shown on auction contract), interest will be added to the remaining deposit balance until the full 10% has been paid.
The interest will be passed to the seller or persons entitled to it under the sales conditions.
PLEASE NOTE: Payments made to Bramleys via bank transfer will be returned within 48 hours of an unsuccessful bid. However, card payments can take between 5 and 7 working days. Therefore if you intend to bid in multiple auctions, we would advise using bank transfer in case you are unsuccessful in this auction.
The successful purchaser will be required to pay an auctioneers administration charge of £1,500 inc VAT for each lot purchased whether the lot is purchased at the auction, prior to or after the auction.
An invoice for the above amount will be sent to the successful bidder after the auction has ended. This payment is required to be paid within 24 hours of the auction ending.
This payment goes direct to Bramleys LLP and is non-refundable.
As per the auction contract, it states that the purchaser will pay the sellers solicitors the sum of £250.00, being the Local Search fee incurred and any other search fees advised prior to the completion date.
Failure to complete a purchase on an auction property bought through Bramleys will result in breach of contract and will incur the following financial penalties:-
1) Loss of 10% deposit.
2) Loss of buyers premium.
3) Any and all costs for the Agents to re-list the property
4) The buyer will pay the difference in value, on resale of the property.
Failure to complete, will result in Bramleys and / or the sellers solicitors taking legal action to recover the amounts mentioned above due to breach of contract.
Ramsdens
6-8 Harrison Road
Halifax
HX1 2AQ
***
Buyers must provide details of their chosen solicitor, so that in the event of winning a Lot Bramleys can initiate the necessary legal proceedings between both sets of solicitors.
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