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2 Bed Terraced House, Refurb/BRRR, Macclesfield, SK10 5PS £88,000

38 Queen Street, Bollington, Macclesfield, SK10 5PS - 21 views - a year ago
  1. Deal Search
  2. Macclesfield
  3. SK10
  4. SK10 5PS
Auction
Cash
Refurb/BRRR
ROI: 3%
~68 m²

ValuationFair Value

This may not be accurate, please check manually.

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Links

  • More Deals in Macclesfield
  • More Deals in SK10
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Property History

Listed for £88,000

December 6, 2024

Floor Plans

Description

  • Sale by ONLINE AUCTION +
  • Strictly open to **CASH BUYERS ** only +
  • Property is chain free. +

2 Bedroom, Mid Terrace House, 38 Queen Street, Bollington, Macclesfield, SK10 5PS

Overview

Hammer Price Homes are pleased to present for sale by online auction this characterful 2 bedroom mid-terrace house in the town of Bollington, Macclesfield, Cheshire. The sale is strictly open for cash buyers only.

The property briefly comprises: To the ground floor, an open plan living room and kitchen. To the first floor there is a landing leading to 2 bedrooms and a bathroom.

Outside there is a passage leading to a common yard at the rear of the property shared with number 34, 36 and number 40 Queen Street. The location of this can be seen highlighted in yellow on the Official Copy (Conveyance) 31.08.1982 - CH198029 uploaded to Hammer Price Homes website. The rear yard also benefits from an outbuilding shared with number 40. The location of this can be seen on Official Copy (Deed) 07.06.1975 - CH198029.

The property is in a very poor state of repair with a section of the staircase missing as can be seen on photographs. As such, access to the first floor is prohibited for safety reasons. Viewings will be limited to the ground floor area and exterior of the property only.

* The property is sold as seen * (as per the photographs) and all current items on the first floor will be left in the property. The buyer will be responsible for clearing the property and disposing of all items post completion.

The property requires full renovation throughout, and this sale is strictly open for cash buyers only due to the general condition we feel the property is unmortgageable. There will be no grounds for the buyer to withdraw from the sale with a return of the reservation fee citing issues around the condition of the property (including anything of a structural nature), for any issues in financing the purchase, or for any information within the searches. The property is sold as seen.

To view the property please visit the Hammer Price Homes website, register as a buyer and book in for a viewing.

Location

The property is located on a quaint cobbled street in the heart of the town of Bollington and within the Bollington Conservation Area. Queen Street provides easy access and within close proximity to a variety of local amenities, including local butcher's and baker's, cafe's, restaurants, abundant pubs and parks. The property's convenient location also offers excellent transport links, with Macclesfield train station nearby, ensuring easy connectivity to neighbouring towns and cities.

Special Conditions

This sale is strictly open for cash buyers only due to the general condition; we feel the property is unmortgageable. There will be no grounds for the buyer to withdraw from the sale with a return of the reservation fee citing issues around the condition of the property (including anything of a structural nature), for any issues in financing the purchase, or for any information within the searches. The property is sold as seen on the advertising photographs and from viewing the ground floor only. All current items on the first floor will be left in the property. The buyer will be responsible for clearing the property and disposing of all items post completion.

60 days to complete.

Tenure

Tenure - Freehold - Land Registry documents, including Official Copy (Conveyance) 31.08.1982 and Official Copy (Deed) 07.06.1975  are available for download from the Hammer Price Homes website.

Other information

The Administrator / Solicitor dealing with the estate has never lived at the property and therefore has limited knowledge. The below information has been provided to the best of our knowledge and should not be relied on in full. Please note due to the nature of the property some of the services may be isolated.

Council Tax Band - B

EPC Rating - E

Utilities:

Primary source of Water Supply: Assumed Mains

Primary source of Electricity Supply: Assumed Mains

Primary source of Gas Supply: Mains Gas Supply (information taken from EPC Certificate)

Source/s of heating: Room Heaters (information taken from EPC Certificate)

Primary arrangement for Sewerage/Drainage: Due to the property being on a residential street, it is assumed that it is connected to a public sewer.

Searches

Searches have been ordered and will be made available for download from the Hammer Price Homes website prior to the bidding taking place. The winning bidder will be required to pay for the search pack which is £300 (Inc. VAT), this is payable at the same time as the reservation fee. Prospective buyers are to review all searches available prior to bidding.

Auction Details

Strictly open for cash buyers only. 60 days to complete

Auction ends - Thursday 16th January 2025 at 1:00pm (Subject to anti-sniping).

Bidding Window Opens - Tuesday 14th January 2025 at 12:00pm (Bidding will not be possible until this time).

Starting price - £88,000 (Reserve price is higher & unpublished, typically the starting price will be 15 - 20% below the Reserve figure as per our Buyer Terms)

Fees

All fees are payable by bank transfer only (we do not take card payments).

Reservation Fee - Please note that there is a Reservation Fee (3.6% of the eventual sale price including VAT subject to a minimum fee of £3,600 Including VAT) payable by the buyer within 2 hours of winning the auction. The reservation fee does not constitute part of the sale price, this is the auctioneer's fee and is to be paid over & above the sale price paid to the Vendor.

Searches -The buyer is required to pay £300 (Inc. VAT) for the search pack. This is payable at the same time as the reservation fee.

Viewings

To view the property please visit the Hammer Price Homes website, register as a buyer and book in for a viewing. Bidding is only permitted for those who have viewed. Viewers must stick to their time precisely.

How to make an offer

Offers can only be made via the online auction in the form of a bid once the bidding window has opened. No offers will be accepted outside of the auction process.

Once a sale has been agreed (STC) and a price agreed then no further price negotiation will take place. This sale price is fixed at the winning auction price and the buyer honoured to pay it. Any subsequent attempt by the buyer to contact the vendor direct to renegotiate on price would hold the buyer in breach of our terms. Should the buyer withdraw then they may have to forfeit the reservation fee. Please read the buyer terms and FAQ's on the site for more details.

This is a probate property. * The property is sold as seen * on the advertising photographs and from viewing to the ground floor area and exterior of the property only.

The Administrator / Solicitor dealing with the estate has never lived at the property so may not be able to answer the usual pre-contract questions or provide a property information form.

Agent Details

Hammer Price Homes Ltd, Manchester

020 3814 1888

Next Steps?

This deal was sourced from Rightmove. Contact the landlord/agent for a viewing now 💪

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Investment Opportunity

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