For sale by Modern Method of Auction; Starting Bid £800,000 + Reservation Fee. * full planning permission granted * A superb development opportunity located in a very desirable area of 'M7' with permission granted for 8 luxury homes 4 semi-detached & 4 terraces). Measuring approximately 0.55 Acres, the site is situated within the manchester eruv and is expected to consist of four, 3-storey, 4-bedroom semi-detached properties, and four, 3-storey, 4-bedroom terraced properties. Ideally positioned within walking distance of many local amenities and excellent transport links in to Salford & Manchester, the site has a projected end value of approximately £2.9m. Call now for more information! 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 purchaser to exchange contracts immediately, but grant 28 days to achieve exchange of contracts from the date the buyer’s solicitor is in receipt of the draft contracts and a further 28 days thereafter to complete. Allowing the additional time to exchange on the property 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 put down a non-refundable Reservation Fee of 4.2% subject to a minimum of £6,000 including vat. Which secures the transaction and takes the property off the market. The buyer will be required to sign an Acknowledgement of Reservation form to confirm acceptance of terms prior to solicitors being instructed. Copies of the Reservation form and all terms and conditions can be found in the Legal Pack which can be downloaded for free 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 North West Property Auction powered by iam-sold Ltd. Please call the auction team on if you have any questions.
|Property Type||%||Avg. current value||Avg. # beds||Avg. # bathrooms|
|End terrace house||2.7%||£178,000||2.6||1.4|
|Property Type||1 Bed||2 Beds||3 Beds||4 Beds||5 Beds|
|Houses||-||£153,397 (16)||£247,726 (35)||£311,992 (31)||£493,928 (14)|
|Flats||£99,343 (27)||£147,106 (35)||£326,845 (10)||£437,500 (5)||-|
|All||£99,343 (27)||£149,079 (51)||£265,308 (45)||£329,423 (36)||£493,928 (14)|