FOR SALE BY PUBLIC AUCTION ON WEDNESDAY 5TH OF MARCH 2025 AT 3PM IN THE SWANSEA.COM STADIUM.
Offering to the market this end of terrace property located in the heart of Mount Pleasant Community. Conveniently located close to local amenities with good links to the local train station and City Centre. The ground floor consists of two reception rooms and a kitchen. To the first floor there are two double bedrooms and one bathroom. Externally to the front are steps leading up to a forecourt, to the rear is an enclosed rear garden with side pedestrian access. We would consider this property to be an ideal investment purchase. Viewing is highly recommended to appreciate the opportunity this property has to offer.
Ground Floor
Hallway
Reception 1 12'5" x 10'9" (3.8m x 3.3m)
Reception 2 12'9" x 11'5" (3.9m x 3.5m)
Kitchen 9'10" x 8'2" (3.0m x 2.5m)
First Floor
Landing
Bathroom
Bedroom 1 16'0" x 11'1" (4.9m x 3.4m)
Bedroom 2 11'5" x 10'2" (3.5m x 3.1m)
External
Steps Leading up to Front Garden
Enclosed Rear Garden
Tenure - Freehold
Council Tax Band - B
N.B.
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Further Information
As a prospective bidder, it's crucial to understand and adhere to the following key points regarding the auction process:
1. Due Diligence: You are responsible for thoroughly investigating all aspects of the property you intend to bid on. This includes scrutinising the legal pack, which is available upon request from Dawsons Auction House. Make sure to assess property conditions, legal title, and any potential obligations or restrictions.
2. Legal Advice: Seeking legal advice before participating in the auction is highly recommended. This can help clarify any questions or concerns you may have regarding the property or the bidding process.
3. Contractual Obligations: If you are the successful bidder, you will be legally bound to exchange contracts immediately. This requires you to pay a deposit of 10% of the purchase price. Additionally, you will need to pay a buyer's premium of £2,400, which includes VAT. Be prepared to make these payments on the auction day itself, as they are pivotal in securing your purchase.
4. Completion Timeline: The completion of the purchase must occur within 28 days, unless the contract specifies otherwise. Thus, having your finances ready and approved prior to the auction is essential to meet this timeline without complications.
5. Fees: It’s important to note that the buyer’s premium of £2,400 (inclusive of VAT) applies even if the property sells before the auction event.
By ensuring you are well-informed and prepared, you can navigate the auction process more effectively.