319a Edge Lane Fairfield, Liverpool, Merseyside, L7 9LF
- Conditional Online Auction Sale
- Bedrooms: 3
GOTO GROUP PRESENTS THIS THREE-BEDROOM TERRACED HOUSE IN LIVERPOOL - L7
Tenure
Freehold
Description
Situated on Edge Lane, Liverpool, this traditional mid-terrace property presents an exciting opportunity for buyers looking for a project with the potential to create a spacious and modern family home. The property requires complete refurbishment throughout and is offered for sale with no onward chain.
On entering, the ground floor provides two well-proportioned reception rooms, currently arranged as a lounge and dining room, offering flexible living and entertaining space. To the rear is the kitchen, which is currently in shell condition and provides a blank canvas for the successful purchaser to design and install a kitchen to their own specification.
To the first floor are three bedrooms, providing excellent accommodation for a growing family, alongside a bathroom which is also in shell condition and will require full installation and refurbishment.
Externally, the property benefits from a rear courtyard, providing useful outdoor space and the potential to create an attractive, low-maintenance garden or seating area.
The property requires significant works throughout, but offers considerable potential for those with the vision and appetite to undertake a comprehensive refurbishment. Subject to any necessary consents and regulations, there may also be scope to reconfigure or enhance the accommodation to suit individual requirements.
Located on Edge Lane, the property is conveniently positioned for access to Liverpool city centre and a wide range of local amenities, schools, shops and transport links. Its location also provides easy access to major road networks, making it well placed for commuters and those wishing to enjoy all that Liverpool has to offer.
This property is likely to appeal to owner-occupiers, investors and developers seeking a substantial refurbishment opportunity in a popular and well-connected area.
Material information:
If you intend to purchase using mortgage finance, you should satisfy yourself that the property is suitable for the purposes for which you intend to use it and that it meets your lender's requirements to secure lending before bidding.
A Legal Pack is available for this property and should be reviewed carefully before bidding. Neither GOTO Group nor the estate agent accepts any responsibility or liability for the accuracy or completeness of the Legal Pack and shall not be liable for any loss or damage arising from any inaccuracies, omissions or errors contained within it. Buyers should review the Legal Pack carefully, carry out their own due diligence and obtain independent legal advice where appropriate before proceeding.
EPC Rating
Current 60 / Potential 80
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 £6,600 including VAT and a legal pack charge of £396 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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