3 Bedroom Flat (Leasehold Property)

Yale House Rivermead, West Bridgford, NG2 7RG
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Starting Price*: £90,000.00
Bid History: 0 Bids
Time Left: 25d 18h 58m 26s (20th Jul 2017 10:00BST)
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Property Overview

This property is For Sale by the modern method of auction also know as "conditional auction". This process is similar to a normal property purchase but on acceptance of an offer the purchaser will pay a non-refundable reservation fee to secure the property. The buyer then has 28 days to complete the purchase. Please note that this property is subject to an undisclosed reserve price. Please see the auction section on our website or visit www.themidlandspropertyauction.co.uk Hallway:- With entrance door, two built in cupboards and doors to:- Kitchen:- 3.32m x 1.70m to maximum (10'10"x 5'6") Range of units, space for cooker, tiled flooring, full height tiling to walls, stainless steel single drainer and mixer tap and single glazed window. Lounge:- 6.07m x 4.65m (19'10" x 15'3") Laminate flooring, two radiators and two double glazed windows. Utility:- 3.33m 1.01m (10'11" x 3'3") Double glazed window, wall mounted central heating boiler and plumbing for automatic washing machine. Bedroom 1:- Measurements to be confirmed Having Fitted wardrobes, central heating radiator and double glazed windows to both elevations. Bedroom 2:- 3.79m x 1.96m (12'5" x 6'5") Having built in wardrobes, double glazed window and radiator. Bedroom 3:- 3.34m x 2.11m (10'11" x 6'11"0 With laminate flooring, radiator and two double glazed windows. The property occupies a corner of this building and is slightly larger than average for this style of home. Outside there are communal gardens, access to the River Trent and communal parking. There are excellent transport links to the City and the rings roads and trams further along Wilford Lane. An early internal inspection is strongly recommended to avoid disappointment.

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 Modern Method of Auction, which is powered by IAM Sold.

Auctioneer's Comments

This property is for sale by the Modern Method of Auction which is not to be confused with traditional auction. The Modern Method of Auction is a flexible buyer friendly method of purchase. We do not require the purchaser to exchange contracts immediately, but grant 28 days to achieve exchange of contracts from the date the buyer's solicitor is in receipt of the draft contracts and a further 28 days thereafter to complete. Allowing the additional time to exchange on the property means interested parties can proceed with traditional residential finance. Upon close of a successful auction or if the vendor accepts an offer during the auction, the buyer will be required to put down a non-refundable Reservation Fee of 3.5% to a minimum of £5,000.00 + VAT (£1,000.00) = (£6,000.00) which secures the transaction and takes the property off the market. Fees paid to the Auctioneer may be considered as part of the chargeable consideration for the property and be included in the calculation for stamp duty liability. Further clarification on this must be sought from your legal representative. The buyer will be required to sign an Acknowledgement of Reservation form to confirm acceptance of terms prior to solicitors being instructed. Copies of the Reservation from and all terms and conditions can be found in the Buyer Information Pack which can be downloaded for free from the auction section of our website or requested from our Auction Department. 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 Modern Method of Auction, which is operated by Midlands Property Auction powered by iam-sold Ltd. Reservation Fee is in addition to the final negotiated selling price.

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

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The Nottingham

Local Branch: 30 Central Avenue, Nottingham, NG2 5GR
Head Office: 3 Fulforth Street, Nottingham, NG1 3DL


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 of representation of fact, but must satisfy themselves by inspection 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.

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