Orton Close, Birmingham, B461SY

Starting Price* £80,000
Time Left 22h 44m 06s

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

Property Overview

Set within one of the most popular locations in the town within easy walking distance of all good local amenities and 12min access to Birmingham centre. Briefly comprising: Double Glazing, Lounge, Kitchen, 1 Good Size Bedroom and Bathroom. Externally to the rear of the property, there is an enclosed communal garden.

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 buyer to exchange contracts immediately; however, from the date the draft contract for sale is received by the Buyer's solicitor, the buyer has 56 DAYS in which to complete the transaction; whilst using every endeavour to exchange contracts within the first 28 days. Allowing the additional time to exchange contracts 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 make payment of:

  • A non-refundable Reservation Fee of 4.2% of the final agreed sale price including VAT - this is subject to a minimum of £6,000.00 including VAT - which reserves the property from sale by securing the transaction and takes the property off the market. The Reservation Fee is paid in addition to the final negotiated selling price.
  • A non-refundable Buyer Information Pack fee of £200.00 including VAT towards the preparation cost of the pack, if the Buyer Information Pack has been produced and provided by IAM Sold. The Documents in the pack can then be used by your solicitor during the conveyancing stage of the purchase. It is recommended that you view the Buyer Information Pack before agreeing to your purchase.
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 for this must be sought from your legal representative.The buyer will be required to sign a Reservation Agreement to confirm acceptance of the terms prior to solicitors being instructed. A sample copy of the Reservation Agreement and all terms and conditions can be found in the Buyer Information Pack, which can be downloaded 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 the West Midlands Property Auction powered by IAM Sold.

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

Hallway - 1.251 x 2.026 (4'1" x 6'7") - Entrance to the property is via a communal door having stairs to the second-floor landing. A wooden door with two security locks leads into the Hallway: wood effect laminate flooring and a very useful full height storage cupboard for coats, ironing board, vacuum cleaner and other household items. Off the hallway is the bedroom, bathroom and sitting room. Bedroom - 3.166 x 4.223 (10'4" x 13'10") - Wood effect laminate flooring flows through into the bedroom which is a good size and shape allowing for different styles and layouts. There is a UPVC double glazed window overlooking the communal gardens and wooded area. A wall mounted electric radiator is positioned underneath the window. Bathroom - 1.848 x 1.723 (6'0" x 5'7") - Fitted with a three piece white suite. The bath is panelled and has an electric shower over it. There is tiling to the splash areas around the bath and pedestal wash hand basin. The extractor fan is ceiling mounted along with a wall mounted electric fan heater. There is some storage with the built-in unit housing the hot water tank. A UPVC double glazed (with obscure glass) faces the front of the property. Living Room - 5.175 x 3.870 (16'11" x 12'8") - Having a mainly glass door leading into the lounge from the hall ensures the room is as light as possible. This is a light room that will be able to be used in a variety of ways due to its size and shape. Wood effect laminate flooring flows through from the hallway. UPVC double glazed window overlooks the communal gardens and wooded area. Mounted on the wall by the window is an electric radiator. The fireplace, with marble effect backing, houses an electric fire. Phone, TV and SKY points. Kitchen - 3.140x 2.033 (10'3"x 6'8") - A galley style kitchen with dual aspect UPVC double glazed windows. The wood effect laminate floor flows through from the lounge. There is a range of modern base and wall units incorporating a built-in fridge, electric oven and hob with coloured one and a half bowl sink/drainer fitted with mixer taps. The washing machine is fitted and an under-counter freezer sits in a space where a tall fridge freezer could stand. There is scope to redesign the kitchen to make maximum use of the space and include a breakfast bar. The extractor fan is ceiling mounted and an electric fan heater is wall mounted. Outside Area - The flat is approached off the main road and sits in communal gardens and grounds planted with shrubs and trees. Off road parking is available. There is a medical practice across the road just by the railway station with links direct to Birmingham. Further up the road is a collection of shops including takeaways and Tesco. The flat is set in a quiet residential area off the main road.

Request full details for this property

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Monopoly Buy Sell rent - Lichfield

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Head Office: 1 Pinfold House, STAFFORD, ST19 5AP

Fees & Charges Explained

Orton Close, Birmingham, B461SY

This property is sold subject to payment of a non-refundable reservation fee of 4.2% to a minimum of £6,000.00 including VAT.

Any successful purchaser will pay this to secure the sale. The reservation fee is in addition to the purchase price. Please take this into account when bidding.

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 Modern Method of Auction, which requires the completion of the purchase to be within 56 days, although all reasonable endeavours must be made to exchange contracts within 28 days following the Draft Contract being received by the Buyer's Solicitor.

A non-refundable Reservation fee must be paid by the buyer within 2 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.

Buyers Information Pack

If the Buyer Information Pack has been produced and provided by IAM Sold any successful purchaser will be required to pay £200.00 (including VAT) towards the cost of the preparation of the pack. These can then be used by your solicitor to progress the sale.

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 0121 366 0539.

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 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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