Bed icon  3  Bath icon  1

3 bed House - Detached Sold Subject to Contract
Stoney Lane, Yardley, Birmingham
£280,000

  • arrow icon Plot of Land
  • arrow icon Modern Method of Auction
  • arrow icon Main Road Location
  • arrow icon Outbuilding To Rear
*** AUCTION PROPERTY *** PLOT OF LAND *** MAIN ROAD LOCATION *** REAR OUT-BUILDING ***

This PLOT OF LAND is being sold via the Modern Method of Selling. Please see note below regarding the Auction information. The auction is on line and there is no set end date. Therefore if you are interested you need to view, offer and pay the reservation fee to secure the property as soon as your offer is accepted.

Previously the plot had a residential dwelling situated on the land but currently has a rear outbuilding.

CALL OUR YARDLEY OFFICE FOR FURTHER DETAILS ON 0121-783-3422 TODAY

AUCTION INFORMATION

This property is for sale by the Modern Method of Auction which is not to be confused with traditional auction. The Modern Method of Auction is a flexible buyer friendly method of purchase. We do not require the purchaser to exchange contracts immediately, but grant 28 days to achieve exchange of contracts from the date the buyer's solicitor is in receipt of the draft contracts and a further 28 days thereafter to complete. Allowing the additional time to exchange on the property means interested parties can proceed with traditional residential finance. Upon close of a successful auction or if the vendor accepts an offer during the auction, the buyer will be required to put down a non-refundable Reservation Fee of 4.2% to a minimum of £5,000.00 + VAT (£1,000.00) = (£6,000.00) which secures the transaction and takes the property off the market. Fees paid to the Auctioneer may be considered as part of the chargeable consideration for the property and be included in the calculation for stamp duty liability. Further clarification on this must be sought from your legal representative. The buyer will be required to sign an Acknowledgement of Reservation form to confirm acceptance of terms prior to solicitors being instructed. Copies of the Reservation from and all terms and conditions can be found in the Buyer Information Pack which can be downloaded for free from the auction section of our website or requested from our Auction Department. Please note this property is subject to an undisclosed reserve price which is generally no more than 10% in excess of the Starting Bid, both the Starting Bid and reserve price can be subject to change. Terms and conditions apply to the Modern Method of Auction, which is operated by West Midlands Property Auction powered by iam-sold Ltd.

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