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SOLD STC

36 Estcourt Street, Devizes, SN10 1LW

Guide Price
£110,000
Added on 14/05/2021
SDL Property Auctions, Nationwide
PROPERTY TYPE
Terraced
BEDROOMS
x1

Key features

  • End Terrace Property
  • Lounge with Wood Burning Stove
  • Fitted Kitchen
  • Double Bedroom
  • EPC Rating: E

Property description

Tenure: Please confirm if this is a freehold or leasehold property with SDL Property Auctions

FOR SALE BY CONDITIONAL ONLINE AUCTION.
On behalf of Belvoir - Devizes

One Bedroom Terrace House

INVESTMENT OPPORTUNITY with a tenant in place and offering a yield in excess of 5.6%. A classic red brick, end of terrace property centrally located in the heart of Devizes, opposite The Crammer pond and park, and superbly situated for local amenities. In good decorative order with character features including exposed beams and a wood burning stove.

The accommodation compromises an entrance hall, sitting room, kitchen with utility area, double bedroom and modern
fitted bathroom. Outside there is a small gravelled area to the front and a shared courtyard to the rear. The property benefits from double glazed windows and electric heating. A proven investment property, available with no onward chain and with no void period anticipate


Tenure
See Legal Pack

Auction Method

The auction for this property be conducted online through our online-bidding platform. This is a "Timed Auction", so there are will no other lots being sold alongside this property.
The timeslot for the auction is displayed on SDL Auctions' website. To view this, search for the property via their website, then click onto the property to view the property details. The time remaining to bid, and end date of the auction, is displayed on the page.
You are required to undertake identity checks before you can be authorised to bid. You must also provide your payment details. If you do not provide this information, your registration will not be processed.
When you place your bid, you are deemed to have agreed to SDL Auctions' Buyers Terms (England & Wales) which are available to read on SDL Auctions' website.


Auction type - Conditional with Reservation Fee

If you are the highest bidder when the auction for the property comes to an end, you will enter into a reservation agreement with the seller. You must then pay the applicable reservation fee. You will then have 40 business days within which to exchange contracts and complete the sale, unless the Special Conditions of Sale contained within the Legal Pack specify a different time limit. If you fail to do so, you may lose your reservation fee. During the 40-business day reservation period, the seller is not able to accept other offers.


Auction Fees

The following non-refundable fees apply:
• Reservation Fee- payable immediately when the auction ends. This is calculated as a percentage of the actual purchase price of the property. Either:
(a) 4.8% (including VAT) of the purchase price, for properties up to and including £250,000
(b) 3.6% (including VAT) of the purchase price for properties sold for over £250,000
The Reservation Fee is subject always to a minimum of £6,000 (including VAT). The Reservation Fee does not contribute to the purchase price.
There may be additional fees listed in the Special Conditions of Sale, which will be available to view within the Legal Pack. You must read the Special Conditions carefully before bidding. Any additional fees are included at the seller's discretion, not on the instruction of SDL Auctions, and will be in addition to any fees payable to us. SDL Auctions has limited control over the content of the Special Conditions of Sale.


Deposit

Deposit
This property is listed under the Conditional with Reservation Fee sale method, therefore the deposit will be payable on exchange of contracts and executed via the solicitors. The amount to be paid will be listed in the Special Conditions of Sale.


Payment Method

When you register to bid, you will be prompted to provide your payment details to SDL Auctions. In the event that you are the winning bidder, your card will automatically be charged a proportion of the Reservation Fee. The payment will be calculated based on the guide price of the property, in line with the fee scale described above. Where the actual purchase price is higher than the guide price, you will be required to pay the difference immediately after the end of the auction, which can be paid by debit card or bank transfer. Payment by cash or cheque will not be accepted.
Example: You win the bid on a property with a guide price of £150,000, but the actual purchase price is £170,000. At this point your bid is successful you will be charged as follows:
• Reservation fee of £7,200 – calculated as 4.8% of guide price - this will be charged immediately after the auction if you are the winning bidder.
As the actual purchase price amounted to £170,000, after the auction, you will be required to pay the following additional amounts on top of the initial payment:
• £960 for Reservation Fee shortfall (£8160 due as 4.8% of actual purchase price)


Legal Pack

Before bidding, you must view the legal pack for the property. This is the collection of legal documents that apply to the sale. The documents will include but are not limited to: Special Conditions of Sale, title documents from the Land Registry and Energy Performance Certificate.
To view the legal pack, first search for the property on SDL Auctions' website, and click onto the property to view the property details. There will be a sub-heading "Legal Documents". Underneath this, you will be prompted to "Log in to view the legal documents". Follow this link, you will then be directed to create an account with Auction Passport to view the documents.
The legal pack can change at any time up until the auction starts so you must check for the most recent version of the legal pack. At the point of placing your bid, you are deemed to have read the legal pack in its entirety, including any changes. Failure to check for changes to the legal pack will not be a valid reason for withdrawing from the sale.
It is strongly recommended that you instruct a qualified professional to review the legal pack and raise any necessary enquiries before bidding.


Special Conditions of Sale

The property is sold subject to any Special Conditions of Sale. These are contractual conditions that are included by the seller of the property - they are not part of SDL Auctions' terms and conditions. The Special Conditions of Sale are legally binding. You are taken to have read and accepted these at the point of bidding, even if you have not done so. The Special Conditions of Sale are available to read in the legal pack.


Registration Process

To register to bid on the property, search for the lot on SDL Auctions' website. Click onto the property, follow the link to "Log in/register to bid", and you will then be directed to create an account with the online-bidding platform provider, EIG.

36 Estcourt Street, Devizes, SN10 1LW

Approximate location

NEAREST STATIONS

Distances are straight line measurements from the centre of the postcode
  • Melksham Station7.1 miles
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About the agent

SDL Property Auctions, Nationwide

9 Regan Way, Chilwell, Nottingham, NG9 6RZ

SDL Property Auctions, Nationwide

SDL Property Auctions is the UK’s most successful live streamed auctioneer, selling hundreds of lots every month in our National Property Auctions and daily Timed Auctions.

At SDL Property Auctions we pride ourselves on being national auctioneers with a personal service, delighting our customers with great results every single month.

We sell a wide range of residential and commercial properties for both private individuals and corporate clients ranging from investment properties,

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Disclaimer - Property reference gp_partners_1442512_21777. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by SDL Property Auctions, Nationwide. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.

Auction Fees: The purchase of this property may include associated fees not listed here, as it is to be sold via auction. To find out more about the fees associated with this property please call SDL Property Auctions, Nationwide on 03452 220197.

*Guide Price: An indication of a seller's minimum expectation at auction and given as a “Guide Price” or a range of “Guide Prices”. This is not necessarily the figure a property will sell for and is subject to change prior to the auction.

Reserve Price: Each auction property will be subject to a “Reserve Price” below which the property cannot be sold at auction. Normally the “Reserve Price” will be set within the range of “Guide Prices” or no more than 10% above a single “Guide Price.”

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