2 bed Flat For Sale £50,000
The Arches, Knotts Lane, Colne

*Sold with Tenant in situ* A modern two bedroom first floor apartment perfect for first time buyers or buy-to-let landlords located a short walking distance away from local amenities offered by Colne town centre as well as having easy access to public transport links.

The property offers modern living accommodation which briefly comprises a communal entrance hallway and stairs, entrance hallway with fitted storage cupboard, open plan lounge and kitchen with French UPVC double glazed doors leading to a Juliet balcony and kitchen housing an excellent range of modern wall and base units with complementary work surfaces and splashbacks, integrated fridge freezer, washer dryer, dishwasher, electric cooker with extractor hood over and stainless steel sink unit.

There are two bedrooms, one double and one single with the single bedroom having a fitted storage cupboard housing the gas fired combination boiler. The bathroom houses a modern three piece suite in white comprising bath with mixer shower over and shower screen, pedestal hand wash basin and low level wc.

The property benefits from the modern day comforts of UPVC double glazing and gas fired central heating.
Externally there is a car parking space in the development car park.

* Looking for a buy-to-let investment or looking to let your own property? We have a professional lettings department for all your requirements *

For Sale by Modern Method of Auction; Starting Bid Price £50,000 plus Reservation Fee.

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. This additional time allows buyers to proceed with mortgage finance. 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 £300.00 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.