12 Brooke Street, Lisbellaw, BT945AS

Starting Price* £49,950

Bidding available from
17th December 2019 12:00
until
17th December 2019 12:30

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  • Overview
  • Particulars
  • Request Details
  • Agent Details
  • Deposits & Charges Explained

Property Overview

For sale by The Northern Ireland Property Auction in partnership with Watters Property Sales.

Offered at bids over £49,950 plus reservation fee.

Viewing: 1pm to 1.30pm on Thursday 21st November.

Why rent when you could own a starter home for less than £250 a month! This home offers a great opportunity for first time buyers or retired persons looking to purchase a property that is close to all amenities within the village. Offered for sale with no upper chain this one bedroom semi-detached bungalow is located in the desirable area of Lisbellaw.

For first time buyers a typical mortgage at today's rates would require a 5% deposit with a 25 year term for £244.53 per month.  For a buy to let investor a 25% deposit would be needed with a 25 year term for £168.68 per month.  These rates are subject to variation with individual lenders.

Features

* OFCH
* Off street parking
* PVC Windows and doors
 
Dimensions

Hall Entrance - 4' 6" X 7' 1"
Kitchen - 11' 4" x 7' 1"
Living Room - 12' 5” x 11' 7”
Back Porch area - 3' 5" x 5' 3"
Bathroom - 6' 4" x 5' 6”
Bedroom - 9' 4" x 11' 6"

To view or make a bid contact: Watters Property Sales OR The Northern Ireland Property Auction on 028 9560 8380, www.nipropertyauction.com.  

Starting Bid and Reserve Price

*Please note this property is subject to an undisclosed reserve price which is generally no more than 10% in excess of the starting bid, both the starting bid and reserve price can be subject to change. Terms and conditions apply to the Unconditional Method of Auction, which is powered by IAM Sold.

Auctioneer's Comments

This property is for sale under Traditional Auction terms. Should you view, offer or bid on the property, your information will be shared with the Auctioneer, iamsold.

With this auction method, an immediate exchange of contracts takes place with completion of the purchase required to take place within 28 days from the date of exchange of contracts.

On exchange of contracts, the buyer is required to make a payment of a 10% deposit, sign a reservation agreement and make payment of a non-refundable Reservation Fee of 3.6% of the final agreed sale price including VAT, subject to a minimum of £6,000.00 including VAT. The Reservation Fee is paid in addition to the agreed purchase price and is considered as part of the chargeable consideration for the property in the calculation for stamp duty liability.

Buyers will be required to go through an identification verification process with iamsold and provide proof of how the purchase would be funded.

This property has a Buyer Information Pack which is a collection of documents in relation to the property. The documents may not tell you everything you need to know about the property, so you are required to complete your own due diligence before bidding. A sample copy of the Reservation Agreement and terms and conditions are also contained within this pack.

The property is subject to an undisclosed Reserve Price with both the Reserve Price and Starting Bid being subject to change.

Referral Arrangements

The Partner Agent and Auctioneer may recommend the services of third parties to you. Whilst these services are recommended as it is believed they will be of benefit; you are under no obligation to use any of these services and you should always consider your options before services are accepted.

Where services are accepted the Auctioneer or Partner Agent may receive payment for the recommendation and you will be informed of any referral arrangement and payment prior to any services being taken by you.

Energy Performance Certificate (EPCs)

Energy Performance Certificates (EPCs) give information on how to make your home more energy efficient and reduce your energy costs. All homes bought, sold or rented require an EPC. EPCs carry ratings that compare the current energy efficiency and estimated costs of energy use with potential figures that your home could achieve. Potential figures are calculated by estimating what the energy efficiency and energy costs could be if energy saving measures were put in place. The rating measures the energy efficiency of your home using a grade from ‘A’ to ‘G’. An ‘A’ rating is the most efficient, while ‘G’ is the least efficient. The average efficiency grade to date is ‘D’. All homes are measured using the same calculations, so you can compare the energy efficiency of different properties.

Property Particulars

Please contact us for more information about this property.

Request full details for this property

Please complete the form below to receive full details about the property you are looking at.

Not in the NI?If you are not a resident of Northern Ireland, please contact our Auction Team to discuss your options. All fields marked with an * are required. Personal information submitted via the request details form will not be shared, rented or otherwise abused.

Watters Property Sales

Local Branch: Unit 55, Enniskillen Business Centre, Enniskillen, BT74 4RL
Head Office: Unit 55, Enniskillen Business Centre, Enniskillen, BT74 4RL

Deposits & Charges Explained

12 Brooke Street, Lisbellaw, BT945AS

This property is sold unconditionally with the successful purchaser required to place a 10% non refundable contract deposit and exchange immediately after the auction.

A reservation fee of 3.6% to minimum of £6,000.00 including VAT is also required under this method.

A reservation fee is payable by the buyer only when the seller pays no fees to sell. As sellers pay no fees to sell, this is usually taken into account with a lower reserve price.

This property is being sold under the Traditional Method of Auction, which requires immediate exchange of contracts and allows a further 28 days for completion.

A non-refundable Reservation fee must be paid by the buyer within 48 hours following the conclusion of the auction or acceptance of an offer. This must be paid by cleared funds to the auctioneer who will issue an acknowledgement of reservation and purchase agreement in the 28 day period following the auction or the date of acceptance of the offer.

Bidder Security Deposit

Where the auction is ran online, as part of the bidder registration process, a bidder security deposit of £6,000.00 is required to be pre-authorised from the Bidder's debit or credit card, through the payment facilities on the website when registering to bid.

A bidder also has the option of paying by Bank Transfer to iamsold's client account. A bid registration will not be approved by iamsold until in receipt of the Bidder Security Deposit in cleared funds.

The pre-authorisation payment will only be captured from the successful bidder on acceptance of their bid.

Once a bid is accepted the Bidder Security Deposit will form part of the non-refundable payment contract deposit, reservation deposit or reservation fee (as applicable to the lot).

Any balance of the contract deposit, reservation deposit or reservation fee, must be paid by the successful bidder to iamsold within 48 hours of acceptance of their bid.

The outstanding balance can be paid by same day Bank Transfer to iamsold's client account, or over the phone by debit or credit card.

All unsuccessful bidders will have their pre-authorisations released 7 days from the initial authorisation or their bank transfer or card payment refunded within 5 working days of conclusion of the auction or from when iamsold is provided with the correct bank account details for the return payment.

Bidder Registration Fee

Where the auction is ran online, all bidders are required to pay a non-refundable £50.00 (inclusive of VAT) registration fee, per property that they register to bid on.

Buyer Fees

There are no other fees or charges payable to the Auctioneer however, there are other costs to consider such as:

  • You will need a Solicitor to act for you during the conveyancing and your Solicitor will advise you in relation to the associated costs. If you do not have a Solicitor, we can recommend the services of one of our Panel Solicitors who are all selected for their expertise in Auction Transactions. Please call the number below for more information.
  • Stamp Duty Land Tax (SDLT) is applicable if you buy a property or land over a certain price in England, Wales or Northern Ireland. Please click here for more information.

 

Need More Information?

For further information or to speak to one of our team, please call 028 9560 8380.

Disclaimer

These particulars, whilst believed to be accurate are set out as a general outline only for guidance and do not constitute any part of an offer or contract. Intending purchasers should not rely on them as statements or representation of fact, but must satisfy themselves by inspection, measurement or otherwise as to their accuracy. No person in this firms employment has the authority to make or give any representation or warranty in respect of the property. Properties may be sold via online auction or public auction and bids made prior to public auction may be accepted by the vendors. IAM Sold and our partner auctioneer will share relevant personal information and transactional updates with each other so that we can effectively market and sell properties including the arrangement of viewings and follow up.

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