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

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 the Modern Method of Auction, meaning the buyer and seller are to Complete within 56 days (the 'Reservation Period'). Interested parties personal data will be shared with the Auctioneer (iamsold). If considering buying with a mortgage, inspect and consider the property carefully with your lender before bidding. A Buyer Information Pack is provided. The winning bidder will pay £ 349.00 including VAT for this pack which you must view before bidding. The buyer signs a Reservation Agreement and makes payment of a non-refundable Reservation Fee of 4.50% of the purchase price including VAT, subject to a minimum of £ 6,600.00 including VAT. This is paid to reserve the property to the buyer during the Reservation Period and is paid in addition to the purchase price. This is considered within calculations for Stamp Duty Land Tax. Services may be recommended by the Agent or Auctioneer in which they will receive payment from the service provider if the service is taken. Payment varies but will be no more than £ 450.00. These services are optional. 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.