Olive Avenue Parkfields, Wolverhampton
Auction Guide Price £50,000

** AUCTION END DATE Wednesday 30th April 2025 at 1.00pm** A ground floor flat with two bedrooms for sale by way of The Modern Method of Auction. This ideal first time home or investment opportunity benefits from no upward chain, double glazing, heating and a garage. The accommodation briefly comprises: reception hall, spacious living room with door out to rear, kitchen, shower room and two bedrooms. There are communal gardens to the front and rear. Situated in a popular residential area local to a range of amenities including shops, schools and public transport services. Sedgley Town centre and Wolverhampton City centre are both close to hand. CASH BUYERS ONLY DUE TO SHORT LEASE. Council Tax Band A. Energy Rating C. Tenure LEASEHOLD. We have been notified by the current vendor that there were 99 years from 1966 with 40 years now remaining. Service Charge of £270.00 per quarter. Ground Rent of £20.00 per year. All lease information should be confirmed by your Legal Representative. Auctioneer Comments. This property is for sale by Modern Method of Auction allowing the buyer and seller to complete within a 56 Day Reservation Period. Interested parties’ personal data will be shared with the Auctioneer (iamsold Ltd). If considering a mortgage, inspect and consider the property carefully with your lender before bidding. A Buyer Information Pack is provided, which you must view before bidding. The buyer is responsible for the Pack fee. For the most recent information on the Buyer Information Pack fee, please contact the iamsold team. The buyer signs a Reservation Agreement and makes payment of a Non-Refundable Reservation Fee of 4.2% of the purchase price inc VAT, subject to a minimum of £6,600 inc. VAT. This Fee is paid to reserve the property to the buyer during the Reservation Period and is paid in addition to the purchase price. The Fee is considered within calculations for stamp duty.Services may be recommended by the Agent/Auctioneer in which they will receive payment from the service provider if the service is taken. Payment varies but will be no more than £960 inc. VAT. These services are optional.