METHOD OF SALE

The property will be offered for sale by Online Traditional Auction (unless sold prior.) This private auction link will expire tomorrow, Friday 23rd August at 11am.

The vendor reserves the right to withdraw or alter the property for sale prior to the auction end date.

DESCRIPTION

No.1 & No.2 Tenantspiece Cottages are a charming pair of unlisted, south-facing cottages set in a rural location with grounds amounting to 2.43 acres. The property, of which cottage No. 2 is in need of internal finishing, offers an exciting opportunity for multi-generational living or a conversion of both cottages into a substantial family home, subject to receiving the necessary consents.

COTTAGE No.1

A door from the south-facing front garden leads into a sitting room with period ceiling beams, a fireplace with bread oven and cosy wood-burner, and stairs rising to a first floor landing. Doors from the sitting room lead into a dual aspect dining room, and to a rear kitchen extension with wall and floor mounted units and a door to the gravel driveway. The first floor landing leads to two double bedrooms and a family bathroom.

COTTAGE No.2

Offering the potential for renovation and/or conversion with cottage No.1. A door from the front garden leads into an entrance hallway with stairs rising to the first floor. To the left is the former kitchen with dual aspect windows and a period fireplace. To the right of the hallway is an open plan sitting room with period ceiling beams, fireplace and storage cupboard. Stairs rise to an open plan first floor offering buyers the flexibility to configure the space as they wish.

GROUNDS & OUTBUILDINGS

To the rear of the property is a large gravel parking area with a post and rail fence to the house. To the side and front of the property are large well-maintained gardens, a paddock, and a wood-framed outbuilding with a solar array above. To the side of cottage No.2 are two useful store rooms. In all the land amounts to 2.43 acres.

SERVICES

Mains water and electricity.

Private Water - Well.

Private drainage - Septic Tank.

Wood-burners provide central heating for cottage No. 1.

A solar array provides electricity to the house and is stored in batteries.

Wiring and points for night store electric heaters, in kitchen, living room, dinning room and second bedroom.

DIRECTIONS

From Exeter proceed on the A30 dual carriageway in a westerly direction towards Okehampton and take the Whiddon Down exit signposted Moretonhampstead. Take the 1st right turn signposted Crockernwell/Hittisleigh and continue back over the A30 taking the exit to Crockernwell/Hittisleigh. After 1.3 miles take the left turn signposted Fursham. After a short distance you will find the property on your right.

PROOF OF IDENTITY

Under Money Laundering Regulations 2017 it is a requirement for Estate Agents to perform due diligence checks on any person that intends to bid at auction. There will be a requirement for all bidders to register via the online sales site and complete the ID checks. There is no charge for registration.

BUYERS AND ADMINISTRATION FEE

The successful purchaser(s) will be liable to pay the sum of £5,000. From this a buyer’s fee of £2,400 inc VAT is retained by Stags/Bamboo as a contribution towards the online platform costs, and £2,600 is payable towards the purchase price.

An additional administration fee of £1,200 inc VAT will be payable by the successful purchaser immediately after the auction.

DESPOSIT PAYMENT ***Remainder of the deposit to be paid by close of business Wednesday 28th August ***

The Seller and Buyer agree that the winning Bidder may transfer the remainder of the 10% deposit (less the amounts paid online) within 48 hours of the end of this online auction. Clauses 6.1, 6.2 and 7.1 of the Holding Deposit Agreement shall be read as amended to reflect this accordingly. The remainder of the 10% deposit payment is handled by the buyer’s solicitors and must be in their client account 48 hours post exchange. It is essential that you instruct your solicitor in advance of the auction.'

LEGAL PACK

Copies of the legal pack and special conditions of sale are available online to be downloaded, via the tab on the online auction property listing page. Prospective purchasers will need to register with the Bamboo online platform in order to download the legal pack. It is the purchaser’s responsibility to make all necessary enquiries prior to the auction. Prospective purchasers are strongly advised to inspect the legal documentation, this will/may contain material information regarding the property, and to consult legal advice prior to bidding.

SOLICITORS ACTING

Absolute Conveyancing - Leigh Oddy

leigh@absoluteconveyancing.co.uk. 01603 343221

COMPLETION DATE

The completion date will be as dictated by the solicitor and included in the legal pack.

DEFINITION OF AUCTION AND RESERVE

Guide price(s) are an indication of the seller’s expectation. Reserve price(s) are a figure below which the auctioneer cannot sell the lot at auction. We expect the reserve will be set within the guide range or no more than 10% above a single figure guide. Guide prices may change at any time prior to the auction.

SPECIAL CONDITIONS OF SALE

Particulars, remarks and stipulations contained herein shall be deemed to form part of the special conditions of sale/auction information pack and in case of any inconsistencies the provisions of the latter shall prevail. Special conditions of sale/auction information pack is available online. It is assumed that the Purchaser will have made all necessary enquiries prior to the 

IMPORTANT

Stags gives notice that: 1. These particulars are a general guide to the description of the property and are not to be relied upon for any purpose. 2. These particulars do not constitute part of an offer or contract. 3. We have not carried out a structural survey and the services, appliances and fittings have not been tested or assessed. Purchasers must satisfy themselves. 4. All photographs, measurements, floorplans and distances referred to are given as a guide only. 5. It should not be assumed that the property has all necessary planning, building regulation or other consents. 6. Whilst we have tried to describe the property as accurately as possible, if there is anything you have particular concerns over or sensitivities to, or would like further information about, please ask prior to arranging a viewing.

BUYERS AND ADMINISTRATION FEE

The successful purchaser(s) will be liable to pay the sum of £5,000. From this a buyer’s fee of £2,400 inc VAT is retained by Stags/Bamboo as a contribution towards the online platform costs, and £2,600 is payable towards the purchase price.

An additional administration fee of £1,200 inc VAT will be payable by the successful purchaser immediately after the auction.

DESPOSIT PAYMENT ***Remainder of the deposit to be paid by close of business Wednesday 28th August ***

The Seller and Buyer agree that the winning Bidder may transfer the remainder of the 10% deposit (less the amounts paid online) within 48 hours of the end of this online auction. Clauses 6.1, 6.2 and 7.1 of the Holding Deposit Agreement shall be read as amended to reflect this accordingly. The remainder of the 10% deposit payment is handled by the buyer’s solicitors and must be in their client account 48 hours post exchange. It is essential that you instruct your solicitor in advance of the auction.'