5 Bed Semi-Detached House, Motivated Seller, Worcester, WR2 6LD £350,000

Agent note
All four flats are presently occupied generating circa £35,000 of rental income annually. The property can be purchased with three sitting tenants offering a solid investment opportunity with an established rental income stream.

The property is situated within the curtilage of the Grade II Listed Hallow School.

Disclaimer
Please note that the vendor of this property is a relative of an employee of Andrew Grant.

Set in the village of Hallow, Main Road offers a desirable blend of rural charm and accessibility to Worcester’s vibrant city centre. Hallow is known for its close-knit community, picturesque surroundings and excellent local amenities, including pubs, schools and green spaces. The property’s location on Main Road offers quick access to Worcester’s extensive shopping, dining and entertainment options, as well as convenient commuting routes via the M5. This location is a preferred choice for tenants seeking a balance of peaceful village life and city convenience.

The property benefits from mains gas, electricity, water and drainage.

Council tax band
Apartment 1, Council tax band A
Apartment 2, Council tax band A
Apartment 3, Council tax band A
Apartment 4, Council tax band A

Broadband: Superfast broadband available. Download speeds up to 54 Mbps and upload speeds up to 8 Mbps (source: Ofcom checker).

Mobile coverage likely available from EE, O2, Vodafone and Three (source: Ofcom).

Flood Risk (Long-term forecast)
According to the Environment Agency’s long-term flood risk data, the Property is currently at very low for river and surface water.

Reservation Fee - refundable on exchange

A reservation fee, refundable on exchange, is payable prior to the issue of the Memorandum of Sale and after which the property may be marked as Sold Subject to Contract. The fee will be reimbursed upon the successful Exchange of Contracts.

The fee will be retained by Andrew Grant in the event that you the Buyer withdraws from the purchase or does not Exchange within 6 months of the fee being received other than for one or more of the following reasons:

1. Any significant material issues which individually are more than 1% of the agreed purchase price and are highlighted in a survey and were not evident or drawn to the attention of you, the Buyer, prior to the Memorandum of Sale being issued.
2. Serious and material defect in the seller’s legal title.
3. Local search revealing a matter that has a material adverse effect on the market value of the property that was previously undeclared and not in the public domain.
4. The vendor withdrawing the property from sale.

The reservation fee will be 0.5% of the accepted offer price for offers below £800,000 and 1% for offers of £800,000 or over. This fee, unless specified otherwise, is payable upon acceptance by the vendor of an offer from a buyer and completion of an assessment of the buyer’s financial status and ability to proceed.

Should a buyer’s financial position regarding the funding of the property prove to be fundamentally different from that declared by the buyer when the Memorandum of Sale was completed, then the Vendor has the right to withdraw from the sale and/or the reservation fee retained. For example, where the buyer declares themselves as a cash buyer but are in fact relying on an unsecured sale of their property. The reservation fee will not be refunded where there is an inability on the part of the Buyer to raise any required mortgage after the Memorandum of Sale is completed.

Once the reservation fee has been paid, any renegotiation of the price stated in the memorandum of sale for any reason other than those covered in points 1 to 3 above will lead to the reservation fee being retained. A further fee will be levied on any subsequent reduced offer that is accepted by the vendor. This further fee will be subject to the same conditions that prevail for all reservation fees outlined above.