Friars Road, Coventry, CV12LL

Current Bid £230,000
Time Left 31d 20h 57m 00s

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  • Overview
  • Particulars
  • Request Details
  • Agent Details
  • Fees & Charges Explained

Property Overview

6 bedroom terraced house for sale.

For sale by auction - T& C's apply. Subject to an undisclosed reserve price. Buyer's fees apply. City Centre investment opportunity. Six bedroom freehold investment. The modern method of auction.

Starting Bid and Reserve Price

*Please note this property is subject to an undisclosed reserve price which is generally no more than 10% in excess of the starting bid, both the starting bid and reserve price can be subject to change. Terms and conditions apply to the auction, which is powered by IAM Sold.

Auctioneer's 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.

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. 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 £300.00 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.

Referral Arrangements

The Partner Agent and Auctioneer may recommend the services of third parties to you. Whilst these services are recommended as it is believed they will be of benefit; you are under no obligation to use any of these services and you should always consider your options before services are accepted.

Where services are accepted the Auctioneer or Partner Agent may receive payment for the recommendation and you will be informed of any referral arrangement and payment prior to any services being taken by you.

Energy Performance Certificate (EPCs)

Energy Performance Certificates (EPCs) give information on how to make your home more energy efficient and reduce your energy costs. All homes bought, sold or rented require an EPC. EPCs carry ratings that compare the current energy efficiency and estimated costs of energy use with potential figures that your home could achieve. Potential figures are calculated by estimating what the energy efficiency and energy costs could be if energy saving measures were put in place. The rating measures the energy efficiency of your home using a grade from ‘A’ to ‘G’. An ‘A’ rating is the most efficient, while ‘G’ is the least efficient. The average efficiency grade to date is ‘D’. All homes are measured using the same calculations, so you can compare the energy efficiency of different properties.

Property Particulars

To The Front - To the front is a block paved area with recess porch leading to uPVC entrance door. Entrance Hallway - Entrance via uPVC door with original minton tiled flooring, stairs off to first floor, under stairs storage, uPVC door leading to rear garden with doors off to; Front Lounge/ Kitchen - 4.37m x 3.78m (14'4 x 12'5) - With double glazed bay window to the front elevation, partially carpeted area, electric storage heater, kitchen area with stainless steel sink with drainer, storage cupboard below, inset four ring electric hob, space for under counter fridge, ceiling light point and power. Bedroom One - 3.10m x 3.05m (10'2 x 10) - With ceiling light point, electric storage heater, carpeted throughout, with door leading to En-Suite shower room. En-Suite - 3.10m x 1.07m (10'2 x 3'6) - With matching suite comprising low level WC, wash hand basin, shower cubicle with tiled splash backs, obscure double glazed window to the rear elevation, ceiling light point with vinyl flooring. Lounge (Rear) - 3.58m x 2.97m (11'9 x 9'9) - With double glazed window to the side elevation, laminate flooring throughout with ceiling light point and power. Kitchen - 2.92m x 1.70m (9'7 x 5'7) - With roll top work tops extending to two sides, inset stainless steel sink with drainer, storage cupboard below, space and plumbing for automatic washing machine, further base and eye level units, uPVC double glazed window to the side elevation, uPVC door to rear, storage heater with ceiling light point and power. Bedroom Two (Rear) - 2.18m x 2.13m (7'2 x 7) - With double glazed window to the rear elevation, ceiling light point, laminate flooring throughout with power. En-Suite Shower Room - 2.21m x 0.71m (7'3 x 2'4) - With low level WC, wash hand basin, raised shower tray with power shower above, tiled splash backs, obscure double glazed window to the side elevation, ceiling light point and extractor unit. First Floor Landing - With doors off the three bedrooms, shower room and WC as follows. Bedroom Three (Rear) - 4.65m x 2.97m (15'3 x 9'9) - With double glazed window to the rear elevation, carpeted through out, ceiling light point, sink unit with storage below. Shower Room - Being fully carpeted throughout, raised shower tray with power shower above, tiled splash backs over, wash hand basin, ceiling light point with power, fire escape door leading to cast iron staircase to rear garden. Wc - 1.22m x 0.94m (4 x 3'1) - With obscure window to the side elevation, low level WC, carpeted throughout with ceiling light point. Bedroom Four - 3.89m x 3.05m (12'9 x 10) - With double glazed window to the rear elevation, ceiling light point, electric storage heater, plumbing for automatic washing machine, with power. Bedroom Five - 4.93m x 4.47m (16'2 x 14'8) - With double glazed bay window to the front elevation, carpeted throughout with ceiling light point, electric storage heater, kitchen area with stainless steel sink with drainer with storage cupboard below. Bedroom Six (Studio) - 4.90m x 4.60m (16'1 x 15'1) - With double glazed window to the front elevation, carpeted throughout, ceiling light point, television aerial point, telephone point, kitchen area with roll top work surfaces, inset stainless steel sink, base and eye level units with laminate flooring. En-Suite Shower Room - 2.51m x 1.63m (8'3 x 5'4) - With low level WC, pedestal wash hand basin, raised shower tray with TRITON shower above, tiled splash backs over shower, ceiling light point and extractor unit.

Request full details for this property

Please complete the form below to receive full details about the property you are looking at.

All fields marked with an * are required. Please be advised that all calls made to and from iamsold are recorded. Calls are recorded for training and monitoring purposes and may also be used for complaint resolution. Calls are stored securely in accordance with General Data Protection Regulation requirements. Personal information submitted via the request details form will not be shared, rented or otherwise abused.

Payne Associates

Local Branch: 20 New Union Street, Coventry, CV1 2HN
Head Office: 20 New Union Street, Coventry, CV1 2HN

Fees & Charges Explained

Friars Road, Coventry, CV12LL

This property is sold subject to payment of a non-refundable reservation fee of 4.2% to a minimum of £6,000.00 including VAT.

Any successful purchaser will pay this to secure the sale. The reservation fee is in addition to the purchase price. Please take this into account when bidding.

A reservation fee is payable by the buyer only when the seller pays no fees to sell. As sellers pay no fees to sell, this is usually taken into account with a lower reserve price.

This property is being sold under the Modern Method of Auction, which requires the completion of the purchase to be within 56 days, although all reasonable endeavours must be made to exchange contracts within 28 days following the Draft Contract being received by the Buyer's Solicitor.

A non-refundable Reservation fee must be paid by the buyer within 2 hours following the conclusion of the auction or acceptance of an offer. This must be paid by cleared funds to the auctioneer who will issue an acknowledgement of reservation and purchase agreement in the 28 day period following the auction or the date of acceptance of the offer.

Buyers Information Pack

If the Buyer Information Pack has been produced and provided by iamsold any successful purchaser will be required to pay £300.00 (including VAT) towards the cost of the preparation of the pack. These can then be used by your solicitor to progress the sale.

Buyer Fees

There are no other fees or charges payable to the Auctioneer however, there are other costs to consider such as:

  • You will need a Solicitor to act for you during the conveyancing and your Solicitor will advise you in relation to the associated costs. If you do not have a Solicitor, we can recommend the services of one of our Panel Solicitors who are all selected for their expertise in Auction Transactions. Please call the number below for more information.
  • Stamp Duty Land Tax (SDLT) is applicable if you buy a property or land over a certain price in England, Wales or Northern Ireland. Please click here for more information.

 

Need More Information?

For further information or to speak to one of our team, please call 0121 366 0539.

Disclaimer

These particulars, whilst believed to be accurate are set out as a general outline only for guidance and do not constitute any part of an offer or contract. Intending purchasers should not rely on them as statements of representation of fact, but must satisfy themselves by inspection or otherwise as to their accuracy. No person in this firms employment has the authority to make or give any representation or warranty in respect of the property.