Foxdale Drive, Brierley Hill, West Midlands, DY5

Ground floor, 1 bedroom flat, 133 Foxdale Drive, Brierley Hill, DY5 3GZ


Overview
Hammer Price Homes are delighted to present for Sale by ****ONLINE AUCTION**** and open for ****CASH BUYERS ONLY****, this vacant & chain free, ground floor 1 bedroom flat in Brierley Hill, West Midlands.

The accommodation briefly comprises: an entrance hall, leading to a living room, kitchen, bedroom, bathroom and separate W.C.

The property benefits from communal gardens and a private allocated parking space.

Please see 'Tenure/Management Information' section for tenure, freeholder information, management pack information, ground rent and service charges, and for further information with regards to the management of the property.

The accommodation requires a full refurbishment suiting those looking for a modernisation project. This is a short lease property with 65 years remaining. No section 42 notice has been served to the freeholder. Should the buyer wish, the vendor will issue a section 42 notice and pass the rights over to the buyer on completion; any negotiations with the freeholder should happen post completion. The buyer will be responsible for any associated legal fees incurred by the vendors concerning the section 42 notice / rider. This sale is strictly open for cash buyers only due to the general condition of the property and the short lease.

A copy of the original Lease dated 23.08.1991 is available for download from the Hammer Price Homes. Please be aware and as stated in the original lease, subletting of this property is strictly prohibited. 

Prospective buyers are to obtain their own independent legal advice in relation to the property, the management and the short lease.

To view this property please visit the Hammer Price Homes website, register your details, and book in for an open day.


Location
The property is situated within close proximity to local shops, schools and amenities of Brierley Hill, West Midlands, and is only a short commute to Birmingham City Centre, with access to a wide range of shopping and leisure facilities. The property benefits from good transport links, with access to the M5, M6, M40 motorways.


Special conditions
This sale is strictly open for cash buyers only due to the general condition and short lease; we feel you would not be able to obtain a standard mortgage on the property. 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, for any issues in financing the purchase, for anything concerning the short lease, or for any concerning information within the searches. The property is sold as seen with 60 days to complete.


Tenure/Management Information
Tenure: Leasehold (65 years remaining). Land Registry information and a copy of the original Lease dated 23.08.1991 is available for download from the Hammer Price Homes website and should be reviewed prior to bidding.

Freeholder Information: Freehold Managers (Nominees) Limited.

Pre sale Enquiry Pack: A copy of the Pre sale Enquiry Pack provided by Freehold Managers PLC is available for download from the Hammer Price Homes website and should be reviewed prior to bidding.

Management Pack: A copy of the Leasehold Property Enquiries - LPE1 Form provided by the managing agent MDA Property Management (Midlands) Ltd is available for download from the Hammer Price Homes website and should be reviewed prior to bidding, along with other supporting information. Any arrears in relation to outstanding ground rent and service charges will be settled by the vendors before completion.

Annual Service Charge: £862.49 for 01.04.2024 - 31.03.2025. Account Statement for the period of 01 Apr 24 to 31 Mar 25 is available for download from the Hammer Price Homes website and should be reviewed prior to bidding.

Ground Rent: £100 per annum. Payable Half Yearly Rent in Advance.

Lease Extension: Should the buyer wish, the vendor will issue a section 42 notice and pass the rights over to the buyer on completion; any negotiations with the freeholder should happen post completion. The buyer will be responsib133le for any associated legal fees incurred by the vendors concerning the section 42 notice/rider.

Prospective buyers are to obtain their own independent legal advice in relation to the property, the management and the short lease.


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 - A

EPC Rating - D

Accessibility - The flat is located on the ground floor.

Utilities:
Primary source of Water Supply: Assumed Mains Water
Primary source of Electricity Supply: Assumed Mains Electricity
Primary source of Gas Supply: Assumed No Gas Connection
Source/s of heating: Electrical storage heaters
Primary arrangement for Sewerage/Drainage: Assumed 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.


Online Auction Details
** Strictly for cash buyers only. 60 days to complete**
Auction ends - Thursday 30th May 2024 at 1:00pm (Subject to anti-sniping)
Bidding Window Opens - Tuesday 28th May 2024 at 10:00am (Bidding will not be possible until this time)
Starting price - £16,000 (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% Inc. VAT subject to a minimum fee of £3,600 Including VAT) is 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 - 432.9 SQ FT / 40.2 SQM

Ground Floor
Entrance Hallway leading to these rooms:
Living Room - 15'1 x 12'4 (4.60m x 3.75m)
Kitchen - 7'7 x 7'5 (2.30m x 2.25m)
Bedroom - 8'10 x 8'8 (2.70m x 2.64m)
Bathroom - No measurements taken
W.C. - No measurements taken

Parking
Off-street allocated parking bay


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.