AUCTION REGISTRATION IS NOW OPEN
THE BIDDING WILL OPEN ON THE 21ST OF MAY 2025 AT 1PM AND WILL CLOSE ON THE 21ST OF MAY 2025 AT 2PM.
A fantastic opportunity to purchase a traditional three bedroom mid terraced property set in the heart of Penclawdd with views over the estuary. This home is ideally situated to take advantage of estuary walks, popular local cafes and amenities, is a short drive from the beautiful beaches of Gower and offers good road links to the M4. The accommodation, which has been recently refurbished, comprises entrance hallway, lounge, dining room and kitchen to the ground floor with two double bedrooms, one single bedroom and bathroom to the first floor. Externally there is a rear courtyard style garden. This is an ideal investment opportunity or first time buy.
Ground Floor
Entrance
Hallway
Lounge - 12'2" x 9'1" (3.73 x 2.78)
Dining Room - 11'6" (into alcove) x 9'1" (3.53 (into alcove) x 2.78)
Kitchen - 6'5" x 5'7" (1.97 x 1.72)
First Floor
Landing
Bedroom 1 - 10'0" x 8'10" (3.06 x 2.71)
Bedroom 2 - 11'5" x 7'6" (3.48 x 2.29)
Bedroom 3 - 8'7" x 5'7" (2.62 x 1.72)
Family Bathroom
External
EPC - C
Council Tax Band - B
Tenure - Freehold
Additional Information
Mains electricity. Current supplier - British Gas
Heating and hot water. Mains gas. Current supplier - British Gas
Mains water. Not metered.
Mains drainage and sewerage
Broadband. Not currently connected
Mobile. There are no known issues or restrictions for mobile coverage.
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 £3,000, 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 £3,000 (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.