Cygnet Close, Compton
Wolverhampton,
West Midlands, WV6 8XR
Auction Guide Price £110,000

NO UPWARD CHAIN.

Occupying a first floor position within a small secure gated complex this deceptively spacious one bedroom apartment enjoys a pleasant aspect from principle rooms and has been well maintained over the years to provide an appealing standard of living accommodation and is thought an ideal buy to let opportunity or perhaps a first time purchase.
Internally the property comprises of an intercom security system, communal reception area, entrance hall, good size lounge, kitchen with built in oven, double bedroom with full width fitted wardrobes, bathroom with shower, an allocated car parking space and the additional benefit of visitor parking.

EPC C74
Current Rent achieved £575 PCM
Lease remaining 106 years.
Ground rent: £95PA
Service/ Maintenance Charge: £1783.36

Key Features

For sale by modern auction - T & C's apply
Subject to reserve price
Buyers fees apply
The modern method of auction

Auctioneer Comments

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 Limited

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 (for standard Grade 1 properties). 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 4.2% 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 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.

Anti Money Laundering & Proceeds of Crime Acts: To ensure compliance with the Anti Money Laundering Act and Proceeds of Crime Act: All intending purchasers must produce identification documents prior to the memorandum of sale being issued. If these are not produced in person we will require certified copies from professionals such as doctor, teacher, solicitor, bank manager, accountant or public notary,  To avoid delays in the buying process please provide the required documents as soon as possible. We may also use an online service provider to also confirm your identity. A list of acceptable ID documents is available upon request. We will also require confirmation of where the funding is coming from such as a bank statement with funding for deposit or purchase price and if mortgage finance is required a mortgage agreement in principle from your chosen lender.