5 Bedroom Semi-Detached House for Sale in Maidenway Road, PaigntonGuide Price £325,000
Fantastic investment or home and income - 3 Bedroom House with separate 2 Bedroom House next door! FOR SALE BY AUCTION
For Sale By Auction
Ridgewater are pleased to offer this 3 bedroom semi-detached house with a 2 Bedroom annexe, located close to Oldway Primary School.
This property and its versatile accommodation lends itself as an ideal investment property, a home and income, or a family home with separate accommodation for a dependent relative.
As well as the benefit of double glazing and gas central heating, outside there is Off Road Parking for 2 cars and an enclosed level rear garden with the main house.
Viewing is highly recommended to appreciate the accommodation on offer.
Main Residence Accommodation
Entrance Hall: Double glazed door and double glazed side panel leading to hallway. Wood panelling to walls to dado height. Radiator. Stairs to first floor with understairs storage.
Downstairs W.C.: with W.C. and wash hand basin.
Open Plan Lounge/Dining Room: Double aspect room with double glazed windows to front and rear. Radiator. Feature fireplace.
Kitchen/Breakfast Room: Fitted with a range of wall and floor based units under wooden worktops incorporating a stainless steel sink unit. Small breakfast bar fitted. Plumbing and space for a washing machine. Space for tumble dryer. Integrated Eye-level oven set in housing unit and gas hob. Door to steps leading to rear garden.
From the hallway, stairs, with part wooden panelling to one side, lead up to the
First Floor Landing with access to loft space.
Bedroom 1: Double glazed window to front.
Bedroom 2: Double glazed window to rear with panoramic views towards Berry Head.
Bedroom 3: Double glazed window to front.
Bathroom: Fitted with a white suite comprising a corner bath, low level W.C., pedestal wash basin and a corner shower cubicle. Mainly tiled walls with some wood panelling. Radiator.
Outside: To the FRONT of the property is a driveway offering PARKING for up to 2 vehicles. Small area of lawn. A gate and pathway to the side of the property lead to the Annexe as well as additional underhouse storage. To the REAR a level enclosed garden enjoys an open aspect.
Open Plan Living Area: Lounge Area with window to front. Staircase to First Floor. Kitchen Area: Fitted with a range of wall and floor based units under roll edge worktop surfaces incorporating a stainless steel sink unit. Gas cooker point. Fitted extractor hood. Double glazed window and double glazed door to outside space. Space and plumbing for washing machine.
Annexe Bedroom 1: Double glazed window to front.
Annexe Bedroom 2: Large double glazed window to front.
Annexe Bathroom: Fitted with a corner bath, separate shower cubicle, pedestal wash basin and W.C.
Agents Note: We understand that the main house and the annexe have separate electric and gas supplies. However, they remain on one water supply.
Council Tax Bands:
Main House = D
Annexe = C
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 Property Auctions’ website. To view this, search for the property via 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 Property Auctions’ Buyers Terms (England & Wales) which are available to read on SDL Property Auctions’ website.
Auction type- Conditional with Reservation Fee:
If you are the highest bidder when the auction for the property comes to an end, you will enter into a reservation agreement with the seller. You must then pay the applicable reservation fee. You will then have 40 business days within which to exchange contracts and complete the sale, unless the Special Conditions of Sale contained within the Legal Pack specify a different time limit. If you fail to do so, you may lose your reservation fee. During the 40-business day reservation period, the seller is not able to accept other offers.
The following non-refundable fees apply:
Reservation Fee- payable immediately when the auction ends. 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 £250,000
The Reservation Fee is subject always to a minimum of £6,000 (including VAT). The Reservation Fee does not contribute to the purchase price and will be considered as part of the chargeable consideration for the property in the calculation of stamp duty liability.
There may be additional fees listed in the Special Conditions of Sale, which will be available to view within the Legal Pack. You must read the Special Conditions carefully before bidding. Any additional fees are included at the seller’s discretion, not on the instruction of SDL Property Auctions, and will be in addition to any fees payable to us. SDL Property Auctions has limited control over the content of the Special Conditions of Sale.
This property is listed under the Conditional with Reservation Fee sale method, therefore the deposit will be payable on exchange of contracts and executed via the solicitors. The amount to be paid will be listed in the Special Conditions of Sale.
When you register to bid, you will be prompted to provide your payment details to SDL Property Auctions. In the event that you are the winning bidder, your card will automatically be charged a proportion of the Reservation Fee. 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:
Reservation fee of £7,200 – calculated as 4.8% of guide price- this will be charged immediately after the auction if you are the winning bidder.
As 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 Reservation Fee shortfall (£8160 due as 4.8% of actual purchase price)
Before 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 Property 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.
Special Conditions of Sale:
The property is sold subject to any Special Conditions of Sale. These are contractual conditions that are included by the seller of the property - they are not part of SDL Property Auctions’ terms and conditions. The Special Conditions of Sale are legally binding. You are taken to have read and accepted these at the point of bidding, even if you have not done so. The Special Conditions of Sale are available to read in the legal pack.
To register to bid on the property, search for the lot on SDL Property Auctions’ website. Click onto the property, follow the link to “Log in/register to bid”, and you will then be directed to create an account with the online-bidding platform provider, EIG.