2 Bed Terraced House, Cash/Bridging Only, Redditch, B96 6NA £550,000

Location
Hemming Cottage lies along The Ridgeway in the small settlement of New End amid rolling countryside. Leafy lanes, farmland and woodland characterise the immediate area, offering a peaceful rural setting and plenty of opportunities for walking and cycling.

Nearby villages provide day to day amenities such as local shops, pubs, cafés and community facilities, while larger market towns supply a wider range of services and supermarkets. There is a choice of primary and secondary schools in the wider area and several independent schools within comfortable driving distance.

Road links connect the property to regional centres including Worcester, Stratford upon Avon and the Midlands, and there are mainline rail services available from nearby towns. For those seeking outdoor recreation, the surrounding countryside offers bridleways, footpaths and country parks. Residents enjoy a sense of community and the ability to retreat from the bustle of city life while remaining within reach of conveniences.

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

Broadband Speed
Standard broadband available. Download speeds up to 20 Mbps and upload speeds up to 1 Mbps. (source: Ofcom checker)

Mobile Coverage
Likely available from EE, Vodafone, Three and O2. (source: Ofcom checker)

Flood Risk
According to the Environment Agency’s long-term flood risk data, the property is currently at very low risk for river and surface water flooding.

Council tax band F

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.