2 bed terraced house for sale

Railway Terrace, Fforestfach SA5

Guide Price £65,000 Offered for sale by Online Auction - Date tbc

Full auction pack is available on our website

An exciting opportunity to acquire a two bedroom terraced property in the popular residential area of Fforestfach, Swansea. Requiring complete modernisation throughout, this property presents an ideal renovation project for investors. The accommodation comprises an entrance hallway leading to a lounge, dining area, kitchen and ground floor bathroom. To the first floor are two well-proportioned bedrooms. Situated in a convenient location, the property benefits from excellent access to local amenities, schools, shopping facilities and transport links, making it well placed for future owner-occupiers or tenants alike. Offering tremendous scope for improvement and value enhancement, this property is brimming with potential and provides an excellent opportunity to transform a blank canvas into a desirable home.

EPC Rating: D

Hall

Dimensions: 5.90m x 0.88m (19'4" x 2'11").

Lounge

Dimensions: 3.03m x 3.68m (9'11" x 12'1").

Dining Area

Dimensions: 2.77m x 3.46m (9'1" x 11'4").

Kitchen

Dimensions: 2.71m x 2.18m (8'11" x 7'2").

Bathroom

Dimensions: 2.00m x 2.18m (6'7" x 7'2").

Landing

Dimensions: 3.27m x 1.42m (10'9" x 4'8").

Bedroom 1

Dimensions: 3.07m x 4.44m (10'1" x 14'7").

Bedroom 2

Dimensions: 3.27m x 2.92m (10'9" x 9'7").

Agents Note - Auction Fees

Auction fees: The sale of each lot is subject to a buyer’s premium of 1.5% of the purchase price plus VAT subject to a minimum of £1,500.00 plus VAT unless otherwise stated. In addition to the sale price Please be advised that to successfully register for the auction, you will be required to supply card details in order for a holding fee of £5,000.00 to be placed on your card. Only the successful bidder will be charged. The release of the holding fee for unsuccessful bidders may take in excess of seven days.

Auction Fees

The holding fee includes the buyers premium. If you are the successful bidder, you are contractually bound to exchange, with a 10% deposit, on the property as per the terms and conditions you agreed to when registering for the auction. With completion being 28 days later unless the contract states otherwise. Should the property be sold prior to auction the buyers premium is still payable. Additional costs: The purchase of the property may be subject to (but are not limited to), VAT (if applicable), reimbursement of the seller’s search fees, reimbursement of seller’s legal and/or sales costs, stamp duty/land transaction tax (ltt). Please check the accompanying legal pack for further details.

Auction Notes For Buyers

1. Due Diligence Prospective bidders are strongly advised to carry out thorough due diligence before bidding. This includes obtaining and reviewing the legal pack, which is available upon request from Astleys. The legal pack contains important information such as the legal title, any existing tenancies, planning permissions, property condition, and any restrictions or obligations associated with the property. Bidders are responsible for satisfying themselves with regard to all aspects of the property before placing a bid.

Auction Notes For Buyers

2. Legal Advice It is recommended that you seek independent legal advice before participating in the auction. A solicitor can help clarify any uncertainties regarding the property or the terms of the auction.

Auction Notes For Buyers

3. Contractual Obligations If you are the successful bidder, you will be legally bound to exchange contracts immediately upon the fall of the auctioneer’s gavel. You will be required to pay: A deposit of [10]% of the purchase price. A buyer’s premium of 1.5% of the purchase Price Plus VAT Subject to a minimum fee of £1,500.00 Plus Vat) These payments must be made on the auction day by [bank transfer, debit card, or as specified by the auction house]. Failure to provide these payments may result in the loss of the property and legal action.

Auction Notes For Buyers

4. Completion Terms Completion must take place within 28 days of the auction date unless otherwise stated in the contract. It is essential that bidders have their finances in place and approved before bidding to meet this deadline.

Auction Notes For Buyers

5 a Fees and Costs In addition to the buyer’s premium of £[insert amount] (including VAT), other costs may apply, including but not limited to: Legal fees including searches Stamp Duty Land Tax (sdlt) Any outstanding service charges or ground rent Please be advised that to successfully register for the auction, you will be required to supply card details in order for a holding fee of £5000.00 to be placed on your card. Only the successful bidder will be charged. The release of the holding fee for unsuccessful bidders may take in excess of seven days. The holding fee includes the buyers premium.

Auction Notes For Buyers

5b - If you are the successful bidder, you are contractually bound to exchange, with a 10% deposit, on the property as per the terms and conditions you agreed to when registering for the auction. With completion being 28 days later unless the contract states otherwise. Should the property be sold prior to auction the buyers premium is still payable. Details of applicable fees and charges are provided in the legal pack.

Auction Notes For Buyers

6. Pre-Auction Sales The property may be sold before the auction date. If a sale occurs before the auction, the buyer’s premium of £[insert amount] (inclusive of VAT) will still be payable unless otherwise agreed.

Auction Notes For Buyers

7. Special Conditions Additional special conditions may apply, which are detailed in the legal pack. Bidders are advised to review all special conditions carefully before bidding.

Auction Notes For Buyers

8. Guide Prices Generally speaking Guide Prices are provided as an indication of each seller's minimum expectation, i.e. 'The Reserve'. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Virtually every property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure guide.