Penhallow Close, TR4

2 Bedroom, End Terraced Bungalow, 42 Penhallow Close, Mount Hawke, Truro, Cornwall, TR4 8DD


Overview
Hammer Price Homes are pleased to present for sale by online auction this 2 - bedroom end terraced bungalow in village of Mount Hawke in Cornwall. The sale is open for cash buyers only.

The property briefly comprises: an entrance hallway leading to a large living/dining room, kitchen, utility room, 2 bedrooms, bathroom and a conservatory.

Outside the property sits on a generous end terraced plot with good sized front and rear private gardens. The property benefits from a single garage located in a near by block, and communal parking spaces.

The property offers a blank canvas for somebody looking to put their own stamp on a property and presents a good opportunity for both home buyers and investors.

The property requires full renovation throughout and is believed to be of a non-standard timber frame and render construction. This sale is open for cash buyers only due to the general condition and construction type we feel the property is unmortgageable. There will be no grounds for the buyer to withdraw from the sale with a return of the reservation fee citing issues around the condition of the property, the timber frame construction type, for any issues in financing the purchase, or for any information within the searches. The property is sold as seen.

To view the property please visit the Hammer Price Homes website, register as a buyer and book in for a viewing.


Location
The property is located in Penhallow Close, in the village of Mount Hawke, with easy access to many local facilities and amenities, shops, cafes and a primary school. The property is only a short distance to the picturesque settlement of St Agnes on the North Cornish coast, and the cathedral city of Truro.


Special Conditions
This sale is open for cash buyers only due to the general condition and construction type we feel the property is unmortgageable. There will be no grounds for the buyer to withdraw from the sale with a return of the reservation fee citing issues around the condition of the property, the timber frame construction type, for any issues in financing the purchase, or for any information within the searches. The property is sold as seen.

60 days to complete.


Tenure
Tenure - Freehold - Land Registry documents including Official Copy (Transfer) dated 24th July 1984 are available for download from the Hammer Price Homes website.

The Deed dated 10th November 1983 is not available at the Land Registry for download. An indemnity policy for any missing documentation can be sourced during the conveyancing process should the buyer wish.

Annual Subscription Fee - It is understood that all residents automatically become members of the Trenethick Residents Association and pay a subscription fee of approximately £30 per quarter/£120 per annum. This fee entitles you to membership of the Social Club and also covers the cost of caring for all of the communal gardens and green areas.


Other information
The Administrator / Solicitor dealing with the estate has never lived at the property and therefore has limited knowledge. The below information has been provided to the best of our knowledge and should not be relied on in full. Please note due to the nature of the property some of the services may be isolated.
Council Tax Band - C
EPC Rating - F
Utilities:
Primary source of Water Supply: Assumed Mains
Primary source of Electricity Supply: Assumed Mains
Primary source of Gas Supply: not known
Source/s of heating: Electric underfloor heating and Portable electric heaters.
Primary arrangement for Sewerage/Drainage: Due to the property being on a residential street, it is assumed that it is connected to a public sewer.


Searches
Searches have been ordered and will be made available for download from the Hammer Price Homes website prior to the bidding taking place. The winning bidder will be required to pay for the search pack which is £300 (Inc. VAT), this is payable at the same time as the reservation fee. Prospective buyers are to review all searches available prior to bidding.


Auction Details
** Open for cash buyers only. 60 days to complete**
Auction ends - Thursday 19th June 2025 at 2:00pm (Subject to anti-sniping).
Bidding Window Opens - Tuesday 17th June 2025 at 12:00pm (Bidding will not be possible until this time).
Starting price - £104,000 (Reserve price is higher & unpublished, typically the starting price will be 15 - 20% below the Reserve figure as per our Buyer Terms)


Fees
All fees are payable by bank transfer only (we do not take card payments).
Reservation Fee - Please note that there is a Reservation Fee (3.6% of the eventual sale price, Including VAT) payable by the buyer within 2 hours of winning the auction. The reservation fee does not constitute part of the sale price, this is the auctioneer's fee and is to be paid over & above the sale price paid to the Vendor.
Searches -The buyer is required to pay £300 (Inc. VAT) for the search pack. This is payable at the same time as the reservation fee.


Viewings
To view the property please visit the Hammer Price Homes website, register as a buyer and book in for a viewing. Bidding is only permitted for those who have viewed. Viewers must stick to their time precisely.

Property Details
Approx. gross internal floor area - 947 SQ FT / 88 SQ M

Ground Floor
Comprises of an entrance hallway leading to these rooms:
Living/Dining Room - 21'6 x 15'5 (6.55m x 4.70m)
Kitchen -14'10 x 6'2 (4.53m x 1.89m)
Utility Room - 6'2 x 5'7 (1.87m x 1.70m)
Bedroom 1 - 14'10 x 9'0 (4.53m x 2.74m)
Bedroom 2 - 17'7 x 9'5 (5.37m x 2.87m)
Bathroom - 6'2 x 5'7 (1.87m x 1.70m)
Conservatory - 8'2 x 7'10 (2.50m x 2.38m)

Parking
Single Garage and communal parking.


Proof & Source of funds
In order to satisfy our Anti-Money Laundering obligations, winning bidders are required to complete their source of funds questionnaire within 24 hours of the close of the auction. This will detail how they will finance the purchase and provide supporting evidence as to the source of the funds (such as bank statements). It is advised that anybody bidding on a property prepares this information prior to taking part in an auction so that it is readily available. See our buyers FAQ's for further information.
Current proof of funds may also be requested from registered buyers, prior to enabling their account for bidding, as part of our affordability checks.

How to make an offer
Offers can only be made via the online auction in the form of a bid once the bidding window has opened. No offers will be accepted outside of the auction process.
Once a sale has been agreed (STC) and a price agreed then no further price negotiation will take place. This sale price is fixed at the winning auction price and the buyer honoured to pay it. Any subsequent attempt by the buyer to contact the vendor direct to renegotiate on price would hold the buyer in breach of our terms. Should the buyer withdraw then they may have to forfeit the reservation fee. Please read the buyer terms and FAQ's on the site for more details.
This is a probate property and is sold as seen. The Administrator / Solicitor dealing with the estate has never lived at the property so may not be able to answer the usual pre-contract questions or provide a property information form.