Summary For sale by Modern Method of Auction: Starting bid price £55,000 This property is for sale by Connells Online Auction powered by iam Sold Ltd
"A chain free ground floor one bedroom apartment situated in the popular parkfield road with good transport links"
description For sale by Modern Method of Auction: Starting bid price £55,000 This property is for sale by Connells Online Auction powered by iam Sold Ltd.
"A chain free ground floor one bedroom apartment situated in the popular parkfield road with good transport links to wolverhampton city centre ideal for investors or first time buyers" Comprising kitchen, lounge, bedroom & bathroom.
Main Description A ground floor one bedrooms apartment situated in a popular residential area in Wolverhampton. Being close to local amenities and schools with good transport links to both Wolverhampton and Bilston the property is ideal for investors and first time buyers.
The property briefly comprises of a good size lounge to front, kitchen, double bedroom and bathroom. Located within well maintained and communal off road parking viewing is highly appreciated to appreciate the property on offer.
The Location & Area Set to the south of Wolverhampton City centre with easy access to Birmingham New Road for commuting, with numerous local schools and supermarkets.
Communal Entrance With intercom entry system.
Entrance Hall Door to front, intercom entry system, doors to various rooms.
Lounge 16' 7" into door recess x 13' 2" ( 5.05m into door recess x 4.01m ) Double glazed window to front, electric fire, telephone point, TV aerial point, storage heater.
Kitchen 10' 2" x 6' 3" ( 3.10m x 1.91m ) A range of wall and base units with work tops over, stainless steel sink bowl sink and drainer, electric cooker point, complementary tiling.
Bedroom 13' 2" x 10' 2" ( 4.01m x 3.10m ) Double glazed window to rear, storage cupboard, door to hall.
Bathroom Bath with electric shower over, low level wc, pedestal wash hand basin, extractor fan. Complementary tiling, storage cupboard with plumbing for washing machine and hot water tank.
Outside Communal parking and well maintained communal gardens to the rear.
Auctioneer's Comments 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, granting 56 days for completion and with an aim to exchange contracts 28 days from the date the buyer's solicitor is in receipt of the draft contracts. 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 an non-refundable reservation fee of 4.2% to a minimum of £6000 including VAT 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 form 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 Starting Bid and reserve price can be subject to change. Terms and conditions apply to the Modern Method of Auction, which is operated by Connells Property Auction powered by iam Sold. Reservation Fee is in addition to the final negotiated selling price. To view or make A bid - Connells or visit:
Lease details are currently being compiled. For further information please contact the branch. Please note additional fees could be incurred for items such as leasehold packs.
1. Money laundering regulations - Intending purchasers will be asked to produce identification documentation at a later stage and we would ask for your co-operation in order that there will be no delay in agreeing the sale. 2: These particulars do not constitute part or all of an offer or contract. 3: The measurements indicated are supplied for guidance only and as such must be considered incorrect. 4: Potential buyers are advised to recheck the measurements before committing to any expense. 5: Connells has not tested any apparatus, equipment, fixtures, fittings or services and it is the buyers interests to check the working condition of any appliances. 6: Connells has not sought to verify the legal title of the property and the buyers must obtain verification from their solicitor.
Property descriptions and related information displayed on this page are marketing materials provided by Connells - Wolverhampton. Zoopla does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions or related information provided here and they do not constitute property particulars. Please contact Connells - Wolverhampton for full details and further information.
Guide Price: The “Guide Price” an indication of the seller’s minimum acceptable price at auction. The guide price can be shown in the form of a minimum and maximum price range, or as a single price figure. This is subject to change up to and including the day of the auction and will not necessarily be the final selling price at auction.
Reserve Price: The “Reserve Price” is the seller’s minimum acceptable price at auction and the figure below which the auctioneer cannot sell. This is normally set within the guide price range or within 10% of a single guide price. The reserve price is not disclosed and is subject to change up to and including the day of the auction.
Water consumption is based on average water usage for the predicted occupancy of the property based on the number of bedrooms.
Total annual consumption (in cubic meters) is then averaged into a monthly cost.
Note: If you have 2 separate suppliers for water and sewage, you may receive 2 separate bills.
The Council Tax cost displayed is based on the council tax band and on the basis of 2 adults living at the property. The monthly cost shown excludes any discounts and is rounded to the nearest pound.
Full information on Council Tax discount entitlements can be found on the Gov.UK's website.