* Freehold
* Detached bungalow
* In need of repair/refurbishment
* For Sale by Modern Auction – T & c’s apply
* Subject to Reserve Price
* Buyers fees apply
* The Modern Method of Auction
* Bromley Council
* Band D
Andrews Property Group are please to present this rare opportunity to purchase
this detached bungalow.
The accommodation comprises of: Hallway, a reception room, separate
kitchen/breakfast, two double bedrooms and a three piece suite bathroom. The
property also benefits from a basement.
The property will require repair/refurbishment.
The property is on a large plot of land which opens the possibility for
further developments/investments subject to planning permission.
Auctioneer Comments
This property is for sale by the Modern Method of Auction. Should you view,
offer or bid on the property, your information will be shared with the
Auctioneer, iamsold Limited.
This method of auction requires both parties to complete the transaction
within 56 days of the draft contract for sale being received by the buyers
solicitor (for standard Grade 1 properties). This additional time allows
buyers to proceed with mortgage finance (subject to lending criteria,
affordability and survey).
The buyer is required to sign a reservation agreement and make payment of a
non - refundable Reservation Fee. This being 4. 2% of the purchase price
including VAT, subject to a minimum of £6, 000. 00 including VAT. The
Reservation Fee is paid in addition to purchase price and will be considered
as
part of the chargeable consideration for the property in the calculation for
stamp duty liability. Buyers will be required to go through an identification
verification process with iamsold and provide proof of how the purchase would
be funded.
This property has a Buyer Information Pack which is a collection of documents
in relation to the property. The documents may not tell you everything you
need to know about the property, so you are required to complete your own due
diligence before bidding. A sample copy of the Reservation
Agreement and terms and conditions are also contained within this pack. The
buyer will also make payment of £300 including VAT towards the
preparation cost of the pack, where it has been provided by iamsold.
The property is subject to an undisclosed Reserve Price with both the Reserve
Price and Starting Bid being subject to change.
Referral Arrangements
The Partner Agent and Auctioneer may recommend the services of third parties
to you. Whilst these services are recommended as it is believed they will be
of benefit; you are under no obligation to use any of these services and you
should always consider your options before services are accepted.
Where services are accepted the Auctioneer or Partner Agent may receive
payment for the recommendation and you will be informed of any referral
arrangement and payment prior to any services being taken by you.

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