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FOR SALE BY UNCONDITIONAL AUCTIONin partnership with SDL Auctions Full terms and conditions are available on the SDL Auctions website.Offered via online auction is this THREE bedroom property which requires total modernisation throughout. This residence is brought into the market for the first time in over 50 years.The property requires total modernisation throughout and offers the ultimate buyer the decision to totally renovate or the opportunity to create their own home. Additional to the location, further benefits include lounge/dining room, conservatory, cloakroom and bathroom.Externally, there is a rear garden and off-street parking to the front.There is a single garage en-bloc.The property is ideally located for local amenities including a short walk to Grange Hill Central Line tube station, several well regarded state and private schools, various leisure facilities and M11 & M25 junctions are within easy reach.Please call our dedicated Sales Team on 020 8500 0995 to arrange a viewing.Auction Method:The auction for this property will be conducted online through our online-bidding platform. This is a -Timed Auction-, so there are no other lots being sold alongside this property. The timeslot for the auction is displayed on SDL Auctions- website. To view this, search for the property on their website. Then click onto the property to view the property details. The time remaining to bid and end date of the auction is displayed on the page. You are required to undertake identity checks before you can be authorised to bid. You must also provide your payment details. If you do not provide this information, your registration will not be processed.When you place your bid, you are deemed to have agreed to SDL Auctions- Buyers Terms (England & Wales) which are available on SDL Auctions website. Auction type- Unconditional with Variable FeeIf you are the highest bidder, you must exchange legally binding contracts for the sale when the auction for the property comes to an end. You must then pay the applicable fees and deposit. You must complete the sale within 20 business days unless the Special Conditions of Sale contained within the Legal Pack state otherwise.Auction FeesThe following non-refundable fees apply:- Buyer-s Fee- payable on exchange of contracts. This is calculated as a percentage of the actual purchase price of the property. Either:(a) 4.8% (including VAT) of the purchase price, for properties up to and including £250,000(b) 3.6% (including VAT) of the purchase price for properties sold for over £250,000The Buyer-s Fee is subject always to a minimum of £6,000 (including VAT). The Buyer-s Fee does not contribute to the purchase price.DepositOn exchange of contracts, you must pay a non-refundable deposit equal to 5% of the actual purchase price of the property, subject to a minimum of £5,000. The deposit contributes towards the purchase price. Payment Method:When you register to bid, you will be prompted to provide your payment details to SDL Auctions. In the event that you are the winning bidder, your card will automatically be charged a proportion of the Buyer-s Fee & Deposit. The payment will be calculated based on the guide price of the property, in line with the fee scale described above. Where the actual purchase price is higher than the guide price, you will be required to pay the difference immediately after the end of the auction, which can be paid by debit card or bank transfer. Payment by cash or cheque will not be accepted. Example: You win the bid on a property with a guide price of £150,000, but the actual purchase price is £170,000. At this point your bid is successful you will be charged as follows:- Buyer-s Fee of £7,200- 4.8% of guide price- Deposit of £7,500- 5% of the guide priceAs the actual purchase price amounted to £170,000, after the auction, you will be required to pay the following additional amounts on top of the initial payment:- £960 for Buyer-s Fee shortfall (£8160 due as 4.8% of actual purchase price)- £1,000 for Deposit shortfall (£8500 due as 5% of actual purchase price)Legal PackBefore bidding, you must view the legal pack for the property. This is the collection of legal documents that apply to the sale. The documents will include but are not limited to: Special Conditions of Sale, title documents from the Land Registry and Energy Performance Certificate. To view the legal pack, first search for the property on SDL Auctions- website and click onto the property to view the property details. There will be a sub-heading -Legal Documents-. Underneath this, you will be prompted to -Log in to view the legal documents-. Follow this link, you will then be directed to create an account with Auction Passport to view the documents. The legal pack can change at any time up until the auction starts so you must check for the most recent version of the legal pack. At the point of placing your bid, you are deemed to have read the legal pack in its entirety, including any changes. Failure to check for changes to the legal pack will not be a valid reason for withdrawing from the sale.It is strongly recommended that you instruct a qualified professional to review the legal pack and raise any necessary enquiries before bidding.

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