79, Springfield Street Morriston, Swansea, SA6 6HB
For Sale
£50,000
Brief Description
FOR SALE BY PUBLIC AUCTION ON WEDNESDAY 5TH OF MARCH 2025 AT 3PM IN THE SWANSEA.COM STADIUM.
Ideal investment opportunity to purchase this traditional three bedroom semi-detached property, located in the heart of Morriston on Springfield Street. The property benefits from being close to local amenities and has good links to the M4. The accommodation briefly comprises: three reception rooms, kitchen, two stores and three bedrooms across three floors. To the rear is a patio area and laid to lawn garden with an external W.C. This property requires complete refurbishment, we strongly recommend viewing.
Full Description
Ground Floor
Hallway
Reception Room 1 14'1" x 11'5" (4.3m x 3.5m)
Reception Room 2 11'9" x 10'9" (3.6m x 3.3m)
Basement
Reception Room 3 16'0" x 11'5" (4.9m x 3.5m)
Store 1 10'5" x 2'7" (3.2m x 0.8)
Store 2 10'5" x 2'3" (3.2m x 0.7m)
Kitchen 10'5" x 10'2" (3.2m x 3.1m)
Landing
First Floor
Bedroom 1 13'5" x 10'2" (4.1m x 3.1m)
Bedroom 2 12'1" x 10'5" (3.7m x 3.2m)
Bedroom 3 8'6" x 7'6" (2.6m x 2.3m)
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.
Floor Plan
