House For Sale £120,000
For sale by public auction: To be sold by auction on the owner's instructions. A four-bedroom end terrace freehold house measuring 1,340 sqft. There is potential to improve this property for resale or as a yield investment.
Auctioneer's comments: "The Lot offers investors the chance to take advantage of a changing market and the ability to force the appreciation of this four-bedroom house."
Auction Date
The property will be sold by public auction on Friday, 25 November 2022, via a 2-hour online bidding window.
To View
The property can be viewed by booking onto one of the advertised managed block viewings. Once you have registered to bid by setting up your online bidding account, you will be emailed a Calendly link to do this. Each block viewing is strictly 30 minutes, and no ad hoc viewings will be available. In most cases, a video tour will be available.
Description
Four-bedrooms, freehold, end-terrace, 1340 sqft, parking to the side
Location
Bucksburn, Aberdeen, access to the A90 from the A96
Outside
Front garden. Side parking
Accommodation
Ground floor: Lounge, two-bedrooms, kitchen, bathroom
First floor: Two-bedrooms, en suite
Epc Rating
C
Tenure
Freehold with vacant possession
Local Authority And Council Tax Band
Aberdeen City Council
Council tax band: B
The Method Of Sale
The property is to be sold by the conditional auction method with the payment of a 10% deposit of the winning bid and the auction fees for the property. The settlement is to be 30-working days after the auction. It is the bidder’s responsibility to read these and understand the terms and conditions of the auction.
Set Up An Online Bidding Account
Once you have expressed an interest in the property, you will be emailed a link to set up your online bidding account (this can be found on our website under ‘Auction Lots'. Setting up your bidding account is free, and it is here that you will have access to the legal pack. Once your account is registered, you will be automatically notified of any additions or changes to the legal documents or the auction date/process. Only the bidder needs to register. Should you win the auction, additional buyers can be nominated.
Confirm Your Id
Once you have set up your online bidding account, we will send you an sms through which you can download the Credas smartphone application to work through the remote confirmation of your id. This will need to be done for all nominated buyers should you win the auction. Please note that should your nominated buyers fail to complete the id checks, you, the bidder, will be noted as the buyer.
Read The Legal Documents
Each property will have a full set of legal documents available through your online bidding account. The legal pack will contain all the information on the property and any additional fees to be paid on settlement.
View The Property
The property can be viewed by booking onto one of the advertised managed block viewings. Once you have registered to bid by setting up your online bidding account, you will be emailed a Calendly link to do this. Each block viewing is strictly 30 minutes, and no ad hoc viewings will be available. In most cases, a video tour will be available.
Pay The Security Deposit
To bid on the day during the 2-hour online bidding window, you will need to pay a security deposit of £5,000. Once your id is confirmed, you will be sent the relevant details to pay the security deposit. This will be paid into our client account using a faster payment /chaps (bacs is unacceptable) via a link we will email you or by card over the phone. This deposit will be returned should the Lot withdraw, you withdraw, or you are unsuccessful. If you are the winning bidder, you will be invoiced for the balance of the 10% deposit and auction fees immediately. There is a £49 incl. VAT processing fee if the security deposit is paid by card via the link or over the phone.
Pre-Auction Bids
These must be made in writing by email and will only be put to the client once you have set up your online bidding account and confirmed your id as described above. The pre-auction bid will also need to be more than the advertised guide price. Should your pre-auction bid be accepted, you will need to make payment of the 10% deposit and the auction fees immediately.
2-Hour Online Bidding Window
The 2-hour online bidding is the modern version of the auction saleroom. Our process is public and transparent. Once your bidding account is set up, your id is confirmed, and you have paid a security deposit, you will be able to bid once the auction opens. We will offer bidding increments, and you can bid higher amounts. The final bid will need to stand for 30 seconds when the auction ends. You will then need to pay the balance of the 10% deposit and auction fees in full and supply a valid conveyancer within 2-working days of the auction ending or the acceptance of a pre-auction bid.
Auction Fees
In addition to the 10% deposit of your winning bid, you will need to pay 2% plus VAT (min. Fee of £3,500) of the purchase price and £2,500 plus VAT (the combined minimum fee is £6,000 plus VAT). Please be aware there may be additional fees, including disbursements in the legal pack payable on completion. Check the legal pack for each lot you are interested in before bidding.
A Note On Guide Prices
Guide Prices are provided as an indication of each seller's minimum expectation. They do not necessarily set the figure that a lot will sell for and may change at any time before the auction. Each lot will be offered subject to a reserve (a figure below which the auctioneer cannot sell the property during the auction) which will be set within a reasonable bidding range of the stated guide price.
Settlement
The settlement date is specified in the legal documents in the Legal Pack for the property as 30-working days from the auction sale date. There will be no access to the property allowed before completion except by accredited and insured surveyors, as requested and arranged through us. Upon completion, once the funds are confirmed, the keys will be released by post to the new owner. This can take up to 3 working days.
Auctioneer's comments: "The Lot offers investors the chance to take advantage of a changing market and the ability to force the appreciation of this four-bedroom house."
Auction Date
The property will be sold by public auction on Friday, 25 November 2022, via a 2-hour online bidding window.
To View
The property can be viewed by booking onto one of the advertised managed block viewings. Once you have registered to bid by setting up your online bidding account, you will be emailed a Calendly link to do this. Each block viewing is strictly 30 minutes, and no ad hoc viewings will be available. In most cases, a video tour will be available.
Description
Four-bedrooms, freehold, end-terrace, 1340 sqft, parking to the side
Location
Bucksburn, Aberdeen, access to the A90 from the A96
Outside
Front garden. Side parking
Accommodation
Ground floor: Lounge, two-bedrooms, kitchen, bathroom
First floor: Two-bedrooms, en suite
Epc Rating
C
Tenure
Freehold with vacant possession
Local Authority And Council Tax Band
Aberdeen City Council
Council tax band: B
The Method Of Sale
The property is to be sold by the conditional auction method with the payment of a 10% deposit of the winning bid and the auction fees for the property. The settlement is to be 30-working days after the auction. It is the bidder’s responsibility to read these and understand the terms and conditions of the auction.
Set Up An Online Bidding Account
Once you have expressed an interest in the property, you will be emailed a link to set up your online bidding account (this can be found on our website under ‘Auction Lots'. Setting up your bidding account is free, and it is here that you will have access to the legal pack. Once your account is registered, you will be automatically notified of any additions or changes to the legal documents or the auction date/process. Only the bidder needs to register. Should you win the auction, additional buyers can be nominated.
Confirm Your Id
Once you have set up your online bidding account, we will send you an sms through which you can download the Credas smartphone application to work through the remote confirmation of your id. This will need to be done for all nominated buyers should you win the auction. Please note that should your nominated buyers fail to complete the id checks, you, the bidder, will be noted as the buyer.
Read The Legal Documents
Each property will have a full set of legal documents available through your online bidding account. The legal pack will contain all the information on the property and any additional fees to be paid on settlement.
View The Property
The property can be viewed by booking onto one of the advertised managed block viewings. Once you have registered to bid by setting up your online bidding account, you will be emailed a Calendly link to do this. Each block viewing is strictly 30 minutes, and no ad hoc viewings will be available. In most cases, a video tour will be available.
Pay The Security Deposit
To bid on the day during the 2-hour online bidding window, you will need to pay a security deposit of £5,000. Once your id is confirmed, you will be sent the relevant details to pay the security deposit. This will be paid into our client account using a faster payment /chaps (bacs is unacceptable) via a link we will email you or by card over the phone. This deposit will be returned should the Lot withdraw, you withdraw, or you are unsuccessful. If you are the winning bidder, you will be invoiced for the balance of the 10% deposit and auction fees immediately. There is a £49 incl. VAT processing fee if the security deposit is paid by card via the link or over the phone.
Pre-Auction Bids
These must be made in writing by email and will only be put to the client once you have set up your online bidding account and confirmed your id as described above. The pre-auction bid will also need to be more than the advertised guide price. Should your pre-auction bid be accepted, you will need to make payment of the 10% deposit and the auction fees immediately.
2-Hour Online Bidding Window
The 2-hour online bidding is the modern version of the auction saleroom. Our process is public and transparent. Once your bidding account is set up, your id is confirmed, and you have paid a security deposit, you will be able to bid once the auction opens. We will offer bidding increments, and you can bid higher amounts. The final bid will need to stand for 30 seconds when the auction ends. You will then need to pay the balance of the 10% deposit and auction fees in full and supply a valid conveyancer within 2-working days of the auction ending or the acceptance of a pre-auction bid.
Auction Fees
In addition to the 10% deposit of your winning bid, you will need to pay 2% plus VAT (min. Fee of £3,500) of the purchase price and £2,500 plus VAT (the combined minimum fee is £6,000 plus VAT). Please be aware there may be additional fees, including disbursements in the legal pack payable on completion. Check the legal pack for each lot you are interested in before bidding.
A Note On Guide Prices
Guide Prices are provided as an indication of each seller's minimum expectation. They do not necessarily set the figure that a lot will sell for and may change at any time before the auction. Each lot will be offered subject to a reserve (a figure below which the auctioneer cannot sell the property during the auction) which will be set within a reasonable bidding range of the stated guide price.
Settlement
The settlement date is specified in the legal documents in the Legal Pack for the property as 30-working days from the auction sale date. There will be no access to the property allowed before completion except by accredited and insured surveyors, as requested and arranged through us. Upon completion, once the funds are confirmed, the keys will be released by post to the new owner. This can take up to 3 working days.
