63 The Ring, BIRMINGHAM, West Midlands, B25 8QD
- Conditional Online Auction Sale
- Bedrooms: 3
GOTO AUCTIONS OFFER FOR SALE THIS 3 BEDROOM HOME IN BIRMINGHAM
Tenure
FREEHOLD
Description
A great property for a first-time buyer, perhaps a small family looking to put their own stamp on a property or an investment property with the benefit of a rental yield.
Whilst the property is fully functional it is in need of upgrading and the property has been marketed accordingly to take this factor into consideration.
Set on a lovely quiet residential road that has evolved through the years and generations of the families that have lived and grown up here, it has a great sense of friendly community spirit.
As you enter the property, the hallway and the foot of the stairs that lead to the first floor. Leading off the doorway into the lounge, really great size with a bay window that has light flooding through to give a nice bright feeling to the room.
Leading off from the lounge takes you to the kitchen with a window over the sink, again the light floods through giving this room a light and airy feel to the room.
To complete the ground floor is the family bathroom, with shower over the bath, finished with white sanitary ware.
The first floor offers two very good-sized double bedrooms, with the master room making use of the area over the top of the stairs giving a spacious feel.
The second bedroom is a moderate sized double and the third bedroom a very good-sized single room.
Externally at the front of the property, there is a driveway, that would allow parking for three/four vehicles.
At the rear there is a great sized garden, mainly laid to lawn so minimum maintenance required.
Should you wish to extend the property subject to planning permission there is certainly scope. There is also side access to the rear garden via a side gate. The property is double glazed throughout and has gas central heating.
Opening Bid and Reserve Price
This Property is subject to an undisclosed Reserve Price which in general will not be 10% more than the Opening Bid. The Reserve Price and Opening Bid can be subject to change. The Online Auction terms and conditions apply.
Comments
This property is offered for sale via Online Auction which is a flexible and buyer friendly method of purchase. The purchaser will not be exchanging contracts on the fall of the virtual hammer, but will be given 56 working days in which to exchange and complete the transaction from the date the Draft Contract is issued by the sellers solicitor.
By giving a buyer time to exchange contracts on the property, normal residential finance can be arranged. The Buyer’s Premium secures the transaction and takes the property off the market. Fees paid to the Auctioneer reserve the property to the buyer during the Reservation Period and are paid in addition to the purchase price and are considered within calculations for Stamp Duty Land Tax. Further clarification on this must be sought from your legal representative.
The buyer will be required to give the Auctioneer authority to sign the Reservation Form on their behalf and to confirm acceptance of the Terms and Conditions prior to solicitors being instructed. Copies of the Reservation Form and all Terms and Conditions can be found in the Information Pack which can be downloaded from our website or requested from our Auctioneer.
If the vendor accepts an offer, the buyer will be required to make payment of a non-refundable reservation fee of £5,382 including VAT and a legal pack charge of £372 including VAT. This reserves the property for the buyer during the Reservation Period. Any additional fees and charges over and above this will be confirmed within the terms and conditions available on the website.
The Buyer's Premium is in addition to the final selling price and is considered within calculations for Stamp Duty Land Tax.
All buyers will be required to verify their identity and provide proof of how the purchase will be funded.
Buyer's Administration Charge
If the Buyer Information Pack has been produced and provided by GOTO Group any successful purchaser will be required to pay the fee specified above towards the cost of the preparation of the pack. These can then be used by your solicitor to progress the sale.
Buyer Fees
There are no other fees or charges payable to the Auctioneer however, there are other costs to consider such as:
- You will need a Solicitor to act for you during the conveyancing and your Solicitor will advise you in relation to the associated costs. If you do not have a Solicitor, we can recommend the services of one of our Panel Solicitors who are all selected for their expertise in Auction Transactions. Please call the number below for more information.
- Stamp Duty Land Tax (SDLT) is applicable if you buy a property or land over a certain price in England, Wales or Northern Ireland. Please click here for more information.
Energy Performance Certificate (EPCs)
An EPC is broadly like the labels provided with domestic appliances such as refrigerators and washing machines. Its purpose is to record how energy efficient a property is as a building. The certificate will provide a rating of the energy efficiency and carbon emissions of a building from A to G, where A is very efficient, and G is inefficient. The data required to allow the calculation of an EPC includes the age and construction of the building, its insulation and heating method. EPCs are produced using standard methods with standard assumptions about energy usage so that the energy efficiency of one building can easily be compared with another building of the same type. The Energy Performance of Buildings Directive (EPBD) requires that all buildings have an EPC when they are marketed for sale or for let, or when houses are newly built. EPCs are valid for 10 years, or until a newer EPC is prepared. During this period the EPC may be made available to buyers or new tenants.
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