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Long Lane, Mumby, Alford

Guide Price
£175,000
Reduced on 06/10/2021
Newton Fallowell, Spilsby
PROPERTY TYPE
Detached
BEDROOMS
×3
BATHROOMS
×1

Key features

  • Detached house
  • Three bedrooms
  • Lounge & dining room
  • Kitchen & utility
  • Plot approx. 0.46 acre (STS)
  • No near neighbours
  • BY AUCTION
  • FREEHOLD - EPC Rating G

Property description

Tenure: Freehold

**FOR SALE BY CONDITIONAL ONLINE AUCTION**

A detached house on a plot of approximately 0.46 acre, subject to survey and with no near neighbours. Rurally located with open views but convenient for the A52.

The property is in need of total refurbishment and has accommodation comprising: kitchen, dining room, inner hall, cloakroom, utility and lounge to ground floor. Three bedrooms and bathroom to first floor.

Outside the gardens are mostly grass with shrubs and trees.

Welcome To Oak Tree Cottage - The accommodation in brief comprises:

Kitchen - 4.84m x 3.57m (15'10" x 11'8") -

Dining Room - 3.64m x 3.62m (11'11" x 11'10") -

Inner Hall -

Cloakroom -

Utility -

Lounge - 4.27m x 4.22m (14'0" x 13'10") -

First Floor Landing -

Bedroom One - 4.31m x 3.65m (14'1" x 11'11") -

Bedroom Two - 3.64m x 3.42m (11'11" x 11'2") -

Bedroom Three - 3.24m x 2.44m (10'7" x 8'0") -

Bathroom - 2.72m x 2.31m (8'11" x 7'6") -

The Plot - The property occupies a plot of approximately 0.46 acre, subject to survey. Whilst we believe the area of the property has been accurately calculated, any prospective buyer who considers this feature to be particularly important is strongly recommended to have the site measurements checked by their own surveyor before submitting an offer to purchase.

Services - We have not been able to formally confirm the situation regarding the services to the property but believe that the property has mains electricity and water connected and the property is double glazed. We understand that drainage is to a private system and the current council tax is band B.

Viewing - By appointment with Newton Fallowell - telephone .

Agent's Notes - These particulars are issued in good faith but do not constitute representations of fact or form part of any offer or contract. The matters referred to in these particulars should be independently verified by prospective buyers or tenants. Neither Newton Fallowell nor any of its employees or agents has any authority to make or give any representation or warranty whatever in relation to this property.

Auction Procedure - FOR SALE BY CONDITIONAL AUCTION in partnership with SDL Auctions. Full terms and conditions are available on the SDL Auctions website.

Auction Method:
The auction for this property will be conducted online through our online-bidding platform. This is a “Timed Auction”, so there are 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:
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.

Brochures

Long Lane, Mumby, AlfordBrochure
Energy Performance Certificates

Long Lane, Mumby, Alford

NEAREST STATIONS

Distances are straight line measurements from the centre of the postcode
  • Skegness Station8.0 miles
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About the agent

Newton Fallowell, Spilsby

42 High Street, Spilsby, PE23 5JH

Newton Fallowell are proud to be one of the largest and most successful estate agents in the East Midlands. We currently have 26 residential sales and lettings branches stretching from Burton on Trent in the west to Boston in the east and from Leicester in the south to Retford in the north, an area of some 800 square miles.

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Disclaimer - Property reference 30867382. 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 Newton Fallowell, Spilsby. 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 Newton Fallowell, Spilsby on 01790 610002.

*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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