For sale by Unconditional Online Auction.
On behalf of Nick Tart - Ironbridge
Two Bedroom semi detached
An opportunity to acquire part of the beautiful conversion of the Jackfiled Old School: With generous proportionated accommodation (178 square metres) with some finishing required with the potential of one part being used as annexed accommodation. The accommodation comprises of:
Entrance hallway, downstairs bathroom, ground floor bedroom, two reception rooms, rear hallway and further ground floor bathroom, two open plan kitchen living areas one with a mezzanine level, second floor bedroom with study/dressing area and en suite facilities, making it very viable to be run as an Airbnb. EPC Rating: E
Jackfield is a small, long established village style community pleasantly situated in the Severn Gorge on the southern bank of the River Severn. It is an area steeped in the history of the Industrial Revolution and is located a little over one mile east of the renowned and historic township of Ironbridge which is now a World Heritage Site. It is some six miles south of Telford town centre with its wide range of recreational and shopping facilities, including the New Southwater development, the M54 motorway and the town’s central railway station.
The accommodation is accessed via a communal hall with access leading through to a ground floor hallway, which leads through to a ground floor bedroom, bathroom and further reception room with a further doorway leading to a further reception and rear hallway beyond with further ground floor bathroom.
A spiral staircase from the rear hallway leads to an open plan kitchen living area which has a further mezzanine floor and requires finishing.
The staircase off the main hallway also leads through to a further open plan kitchen living area with WC/utility and staircase ascending up to the second floor where there is a large study dressing room area with further doorway leading through to the master bedroom with its own en suite facilities.
How to get there: For sat nav users please use postcode TF8 7ND. From Ironbridge take the B4373 road towards Broseley, proceed over the free bridge by the Robin Hood Inn and turn left, follow the signs for the tile museum and Jackfield Old School House is just before the museum on the right hand side and is indicated by a Nick Tart for sale board.
EPC Rating: E
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 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 Property Auctions' Buyers Terms (England & Wales) which are available on SDL Property Auctions website.
Auction type - Unconditional with Variable Fee
If 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.
The 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 £250,000
The 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.
On 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.
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 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 price
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 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)
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.
By setting a proxy bid, the system will automatically bid on your behalf to maintain your position as the highest bidder, up to your proxy bid amount. If you are outbid, you will be notified via email so you can opt to increase your bid if you so choose.
If two of more users place identical bids, the bid that was placed first takes precedence, and this includes proxy bids.
Another bidder placed an automatic proxy bid greater or equal to the bid you have just placed. You will need to bid again to stand a chance of winning.