Lilac Avenue, Newhey, OL16

IMPORTANT INFORMATION
Buying at auction is a contractual commitment, you are legally obliged to buy the lot on the terms of the sale memorandum at the price you bid. If you are the successful bidder, you are required to pay the deposit and auction fees immediately. As agent for the seller, we treat any failure to satisfy your obligations as your repudiation of the contract and the seller may then have a claim against you for breach of contract. You must not bid unless you wish to be bound by the common conditions of auction.

ANTI-MONEY LAUNDERING REGULATIONS
In accordance with Anti-Money Laundering Regulations, two forms of identification and confirmation of the source of funding will be required from the successful purchaser. Every effort has been made to confirm the accuracy of the lot details including any defect in the title both with the vendor and their solicitor. Auction House will not be held responsible for any failure to disclose any such defects.

Any purchasers choosing to buy without viewing in person are doing so at their own risk and acknowledge that the auctioneer will not be held responsible for any issues that may arise due to them being unintentionally missed from the video or sales particulars.

Please refer to legal pack for additional fees and the Auction Information document for guidance prior to bidding.

Additional Fees
Administration Charge - 2.75% inc VAT of the purchase price, subject to a minimum of £3,600.00 inc VAT, payable on exchange of contracts.

Disbursements - Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.

Presenting an excellent opportunity for builders, developers, and experienced investors, this three bedroom terraced property is offered for sale via auction and requires full renovation throughout. With no onward chain on completion, this property is ideally suited to those seeking a project with the potential to add significant value. The house features a spacious kitchen and dining area, providing ample scope to create a modern and functional heart of the home. The three well-proportioned bedrooms offer flexibility for family living or for conversion to suit a variety of layouts (subject to the necessary consents), making the property adaptable to both owner-occupiers and those looking to enhance rental returns. The generous proportions throughout the property allow for creative reconfiguration and refurbishment, giving purchasers the freedom to design and finish the home to their exact specifications. The property’s layout is well-suited to contemporary living, with the potential to update and modernise every aspect, from the kitchen and bathrooms to the reception rooms and bedrooms. Investors will appreciate the strong demand for quality refurbished homes in this area, as well as the potential to achieve an attractive yield post-renovation. The property’s auction sale provides a transparent and efficient route to purchase, with completion available in a timely manner and no onward chain to complicate the process. This is a rare chance to acquire a property with such fantastic potential, whether you are looking to refurbish and resell, retain as a long-term investment, or create a bespoke family home. Early viewing is strongly recommended to fully appreciate the scale of the opportunity on offer and to envision the transformation that could be achieved. Please note that due to the nature of the works required, this property is only suitable for cash buyers or those with access to renovation finance. For further information regarding auction terms, legal packs, and viewing arrangements, please contact our office. This is an outstanding prospect for those with the vision and expertise to unlock the full value of a property in need of complete refurbishment, and an opportunity not to be missed for anyone seeking a rewarding project in a popular location.
EPC Rating: D