- ONLINE VIRTUAL TOUR AVAILABLE
FOR SALE BY CONDITIONAL ONLINE AUCTION
AVAILABLE AT A 'BUY IT NOW' PRICE OF £99,000 (plus fees).
On Behalf of SDL Auctions
For more details please call 0345 222 0197
A BEAUTIFUL CHARACTER END COTTAGE WHICH WOULD MAKE AN IDEAL INVESTMENT OR FIRST TIME PURCHASE
Entrance hallway, living room, L shaped kitchen, first floor landing, two bedrooms, bathroom/WC, EPC Rating: D
ONLINE VIRTUAL TOUR AVAILABLE
47 Station Road is conveniently situated within walking distance of all the nearby shops and amenities, including a major supermarket. Madeley is an established historic market town and forms part of the Ironbridge Gorge World Heritage Site. Madeley centre has undergone major redevelopment incorporating a new supermarket and shops; it now forms an established residential area within the southern part of Telford being some five miles south of the wide range of shopping and recreational facilities at Telford town centre including the New Southwater development, the M54 motorway, links to the M6 and the town’s central railway station with services to Birmingham, Wolverhampton and Shrewsbury.
Comprises of an entrance hallway, which has glazed panel door leading to living room, which has a lovely character feel about it with an inset wood burning stove, staircase ascending to the first floor, and a door leading to an L shaped kitchen with part of it being utility area and the other part having a kitchen including a range of base and wall cupboards, with an integrated oven and hob with extractor hood over, and doorway leading to the rear entrance, car parking space and small garden area suitable for a table and chairs.
On the first floor, there is a landing area with loft hatch access point, and access leading off to two bedrooms and a bathroom/WC. The bathroom has a white coloured suite, comprising of the usual facilities but also has a shower over bath. Two further bedrooms have an outlook towards the front.
See Legal Pack
The auction for this property be conducted online through our online-bidding platform. This is a “Timed Auction”, so there are will 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.
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.
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)
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.
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.
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.
We take every care in preparing our sales details. They are carefully checked, however we do not guarantee appliances, alarms, electrical fittings, plumbing, showers, etc. Photographs are a guide and do not represent items included in the sale. Room sizes are approximate. Do not use them to buy carpets or furniture. Floor plans are for guidance only and not to scale. We cannot verify the tenure as we do not have access to the legal title. We cannot guarantee boundaries, rights of way or compliance with local authority planning or building regulation control. You must take advice of your legal representative. Reference to adjoining land uses, i.e. farmland, open fields, etc does not guarantee the continued use in the future. You must make local enquiries and searches. We currently work with a number of recommended conveyancing partners including Move With Us Ltd, The Conveyancing Partnership Ltd and Move Reports UK Ltd and we currently receive a referral fee of £200 for each transaction.