Guide price
£40,000
2 bed semi-detached house for saleFrederick Place, Llansamlet, Swansea SA7
2 beds
1 bath
1 reception
EPC Rating: G
- Auction
- Freehold
Dawsons - Swansea Sales, Auction and Commercial
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About this property
For Sale by Auction
Semi - Detached
Flying freehold
Two Reception Room
Two Bedrooms
EPC - G
This two bedroom property in Llansamlet, Swansea, offers a fantastic opportunity for investors seeking a renovation project. While requiring complete refurbishment, the property provides significant potential to add value through modernization. Its location in a desirable area enhances its appeal for both rental and resale purposes. With its strategic location, excellent transport links, and access to amenities.
Viewing this property is highly recommended.
Ground Floor
Kitchen (4.0m x 0.9m (13'1" x 2'11"))
Bathroom
Reception Room 1 (3.3m x 4.3m (10'9" x 14'1"))
Reception Room 2 (3.61m x 2.7m (11'10" x 8'10" ))
First Floor
Bedroom 1 (2.3m 4.36m (max) x 3.39m 1.7 (min) (7'6" 14'3" (ma)
Bedroom 2 (3.63m x 2.6m (11'10" x 8'6" ))
External
Front Forecourt
Garden To The Rear
Tenure - Flying Freehold
Council Tax Band - B
Epc - G
N.B
You are advised to refer to Ofcom checker for mobile signal and coverage.
Further Infomation
As a prospective bidder, it's crucial to understand and adhere to the following key points regarding the auction process:
1.Due Diligence: You are responsible for thoroughly investigating all aspects of the property you intend to bid on. This includes scrutinising the legal pack, which is available upon request from Dawsons Auction House. Make sure to assess property conditions, legal title, and any potential obligations or restrictions.
2.Legal Advice: Seeking legal advice before participating in the auction is highly recommended. This can help clarify any questions or concerns you may have regarding the property or the bidding process.
3.Contractual Obligations: If you are the successful bidder, you will be legally bound to exchange contracts immediately. This requires you to pay a deposit of 10% of the purchase price. Additionally, you will need to pay a buyer's premium of £3,000, which includes VAT. Be prepared to make these payments on the auction day itself, as they are pivotal in securing your purchase.
4.Completion Timeline: The completion of the purchase must occur within 28 days, unless the contract specifies otherwise. Thus, having your finances ready and approved prior to the auction is essential to meet this timeline without complications.
5.Fees: It’s important to note that the buyer’s premium of £3,000 (inclusive of VAT) applies even if the property sells before the auction event.
By ensuring you are well-informed and prepared, you can navigate the auction process more effectively.