AUCTION REGISTRATION IS NOW OPEN
THE BIDDING WILL OPEN ON THE 25TH OF JUNE 2025 AT 12PM AND WILL CLOSE ON THE 25TH OF JUNE 2025 AT 1PM
This 3-bedroom detached house in Gorseinon presents a promising opportunity for renovation enthusiasts, investors seeking a project. The property is situated in a well-connected area, close to local amenities and transport links, including the M4 corridor, making it ideal for commuting. While the house requires updating, it offers a solid foundation for transformation. The existing layout includes three bedrooms, a family bathroom, and reception areas. The property features a garage, offering convenient off-road parking and additional storage options.
Viewing this property is highly recommended.
Ground Floor
Lounge - 22'6" (max) x 11'4" (6.88m (max) x 3.47m)
Kitchen/ Dining - 16'4" x 13'7" (5.00m x 4.16m)
Utility Room - 8'11" x 5'6" (2.74m x 1.68m)
Sun Room - 8'11" x 5'6" (2.74m x 1.68m)
First Floor
Bedroom 1 - 14'11" x 8'9" (4.55m x 2.69m)
Bedroom 2 - 9'5" x 8'8" (2.88m x 2.66m)
Bedroom 3 - 8'9" x 6'4" (2.69m x 1.94m )
External
Front Forecourt
Off Road Parking
Garage - 19'7" x 9'8" (5.97m x 2.96m )
Council Tax Band - D
EPC - D
Tenure - Freehold
N.B
You are advised to refer to Ofcom checker for mobile signal and 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