4 Bedroom Detached Bungalow, Pennine Drive, Milnrow, OL16

*** MODERN METHOD OF AUCTION / CASH BUYERS ONLY / INVESTMENT OPPORTUNITY / DETACHED BUNGALOW WITH PLANNING PERMISSION TO RE-DESIGN THE GROUND FLOOR & ADD TWO FURTHER BEDROOMS AND A BATHROOM TO THE FIRST FLOOR / SUBSTANTIAL DRIVEWAY PARKING & DETACHED GARAGE ***

This detached bungalow comes to the market with planning permission to re-design the ground floor and add two bedrooms and a bathroom to the first floor (the purchaser must make their own checks on the what planning consent was granted).

The property needs full modernisation and is not currently mortgageable.

Currently the accommodation comprises briefly of side entrance porch, hall, lounge, breakfast kitchen, three bedrooms with one currently being used as a dining room and bathroom.

New central heating boiler installed in February 2023 and comes with a 10 Year warranty.

Situated in a popular residential location and offering good access to local amenities including shops, schools and public transport links (M62 Motorway & Manchester Metro Link).

Cash buyers only, it represents a fantastic investment opportunity, with the chance to add significant value once completed, we suggest early viewings to avoid disappointment.

This method of auction requires both parties to complete the transaction within 56 days of the draft contract for sale being received by the buyers solicitor. This additional time allows buyers to proceed with mortgage finance (subject to lending criteria, affordability and survey).

The buyer is required to sign a reservation agreement and make payment of a non-refundable Reservation Fee. This being 4.20% of the purchase price including VAT, subject to a minimum of £6,000.00 including VAT.

The Reservation Fee is paid in addition to purchase price and will be considered as part of the chargeable consideration for the property in the calculation for stamp duty liability.

Buyers will be required to go through an identification verification process with iamsold and provide proof of how the purchase would be funded.

This property has a Buyer Information Pack which is a collection of documents in relation to the property. The documents may not tell you everything you need to know about the property, so you are required to complete your own due diligence before bidding. A sample copy of the Reservation Agreement and terms and conditions are also contained within this pack.

The buyer will also make payment of £300.00 including VAT towards the preparation cost of the pack, where it has been provided by iamsold.

The property is subject to an undisclosed Reserve Price with both the Reserve Price and Starting Bid being subject to change.

Referral Arrangements - Should you opt to use Conveyancing Services recommended by iamsold or the Partner Agent, please be advised that the iamsold will receive payment of up to £450.00 from the Conveyancing Provider for that recommendation where the services are taken, and a sale completes.

It is important to note that recommended services are optional, and you should consider your options carefully before accepting any recommended services.

*** Auction End Date is Friday 11th August 2023 at 2:00pm ***