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Fort Warden Road, Totland Bay, Isle of Wight

Guide Price
£83,000
Reduced on 26/10/2021
Homewise, Worthing
PROPERTY TYPE
Semi-Detached Bungalow
BEDROOMS
×2
BATHROOMS
×1

Key features

  • Over 60s only under Homewise's lifetime lease plan
  • Saving ranges from 8.5% to 59%
  • The actual price you will pay depends on your age, personal circumstances and property criteria
  • Call for a personalised quote or use the calculator on the Homewise website (see link below) for an indicative saving
  • Buyers Fees apply - see brochure for details
  • For sale by Mordern Auction-T&C's apply
  • Subject to an undisclosed Reserved PriceSea views from the lounge
  • Private rear garden & use of communal gardens
  • Double bedrooms & warmed via gas central heating
  • EPC energy rating C (70)

Property description

Tenure: Freehold

SECURING THIS PROPERTY WITH A LIFETIME LEASE

Lifetime Lease guide price for Over 60s: £83,000 based on an average saving of 33%

Over 60 Customers can save anywhere from 8.5% to 59%*.
Market Value Price: £125,000

Through the Home for Life Plan from Homewise, those aged 60 or over can purchase a Lifetime Lease with a one-off payment to become the Lifetime Lease owner of this property. The cost to purchase the Lifetime Lease is always less than the full market value. The saving can vary from 8.5% to 59%* depending on your age, personal circumstances and property criteria. The above guide price is the estimated price payable by a 69-year-old single male. For an indication of what you could save, please use our calculator on the Homewise website (see link below). For more information or a personalised quote, just give us a call. Alternatively, if you are under 60 or would like to purchase the property at the full market value of £125,000, please contact Pittis.

PROPERTY DESCRIPTION

This 52 week occupancy semi-detached bungalow has plenty of outside space and sea views from the lounge, located just moments from the beach and easily accessible to transport links across the Island. The ideal investment opportunity.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.

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 (subject to lending criteria, affordability and survey).

The buyer is required to sign a reservation agreement and make payment of a non-refundable Reservation Fee. This being 3.6% 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.

Referral Arrangements

The Partner Agent and Auctioneer may recommend the services of third parties to you. Whilst these services are recommended as it is believed they will be of benefit; you are under no obligation to use any of these services and you should always consider your options before services are accepted.

Where services are accepted the Auctioneer or Partner Agent may receive payment for the recommendation and you will be informed of any referral arrangement and payment prior to any services being taken by you.

 
Please refer to the footnote regarding the services and appliances.

Room sizes:

  • Lounge: 14'3 x 8'9 (4.35m x 2.67m)
  • Kitchen: 6'9 x 5'9 (2.06m x 1.75m)
  • Bedroom 1: 11'8 x 6'9 (3.56m x 2.06m)
  • Bedroom 2: 8'9 x 7'9 (2.67m x 2.36m)
  • Bathroom
  • Private Rear Garden
  • Use of Communal Gardens

 
AUCTIONEER’S COMMENTS

This property is for sale by the Modern Method of Auction - powered by iamsold Ltd. Should you view, offer or bid on the property, your information will be shared with the Auctioneer, iamsold.

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 (subject to lending criteria, affordability and survey).

The buyer is required to sign a reservation agreement and make payment of a non-refundable Reservation Fee. This being 3.6% 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.

REFERRAL ARRANGEMENTS

Homewise and Auctioneer may recommend the services of third parties to you. Whilst these services are recommended as it is believed they will be of benefit; you are under no obligation to use any of these services and you should always consider your options before services are accepted.

Where services are accepted the Auctioneer or Homewise may receive payment for the recommendation and you will be informed of any referral arrangement and payment prior to any services being taken by you.

TO VIEW OR MAKE A BID – Contact Homewise


 
The information provided about this property does not constitute or form part of an offer or contract, nor may be it be regarded as representations. All interested parties must verify accuracy and your solicitor must verify tenure/lease information, fixtures & fittings and, where the property has been extended/converted, planning/building regulation consents. All dimensions are approximate and quoted for guidance only as are floor plans which are not to scale and their accuracy cannot be confirmed. Reference to appliances and/or services does not imply that they are necessarily in working order or fit for the purpose.
 
We are pleased to offer our customers a range of additional services to help them with moving home. None of these services are obligatory and you are free to use service providers of your choice. Current regulations require all estate agents to inform their customers of the fees they earn for recommending third party services. If you choose to use a service provider recommended by Homewise, details of all referral fees can be found at the link below. If you decide to use any of our services, please be assured that this will not increase the fees you pay to our service providers, which remain as quoted directly to you.

 
Suitable as a retirement home.

Brochures

Full PDF brochureVideo Pre-ViewReferral feesPrivacy policyHomewise Over 60s saving calculator

Fort Warden Road, Totland Bay, Isle of Wight

NEAREST STATIONS

Distances are straight line measurements from the centre of the postcode
  • Lymington Pier Station4.9 miles
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About the agent

Homewise, Worthing

1 Liverpool Gardens Worthing BN11 1TF

Homewise is a family-run business and we’ve been helping people to find the right property for their needs for over 45 years. While our office is based in West Sussex, we help home-movers all over the country with our Home for Life Plan.

It’s a Lifetime Lease option which enables those aged 60 and over to secure their next property for less than the market value. By choosing a Lifetime Lease, our customers benefit from paying a one-off amount to live in the property of their choice free

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Disclaimer - Property reference 60217800. 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 Homewise, Worthing. 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 Homewise, Worthing on 01903 443024.

*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.”

* This is the average speed from the provider with the fastest broadband package available on comparethemarket.com at this postcode. The average speed displayed is based on the download speeds of at least 50% of customers at peak time (8pm to 10pm). Fibre/cable services at the postcode are subject to availability and may differ between properties within a postcode. Speeds can be affected by a range of technical and environmental factors. The speed at the property may be lower than that listed above. You can check the estimated speed and confirm availability to a property prior to purchasing on the broadband provider's website. Providers may increase charges. The information is provided and maintained by Stickee Technology Limited.

Map data ©OpenStreetMap contributors.

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