2 Bed Terraced House, Cash/Bridging Only, Stourport-on-Severn, DY13 8ET £150,000

The garden
The rear garden is long and level with fenced boundaries. There is ample space for seating, play and planting with clear potential to landscape to taste. From here there is access to a convenient brick shed for additional garden storage.

The driveway
To the front, block paving provides off road parking for multiple vehicles. The approach is straightforward with easy access to the front door.

Location
16 Gibbons Crescent sits within a residential area of Stourport-on-Severn, a popular riverside town known for the Severn and the historic canal basins. Everyday amenities are close by including supermarkets, independent shops, cafes and pubs. Riverside walks and green spaces add to the appeal for leisure and wellbeing.

Families will appreciate access to local primary and secondary schools within the town and neighbouring Kidderminster. Road connections are convenient via the A451 towards Kidderminster and the A449 to Worcester with links onward to the M5.

Regular bus services operate locally and Kidderminster railway station offers services to Birmingham, Worcester and beyond. This address provides a practical base for commuting while keeping the town’s facilities within easy reach.

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

Council tax band A

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.