For sale by Conditional Online Auction.
On behalf of Beresford Adams - Caernarfon
Two Bedroom Detached House with Potential Residential Development Opportunity (stpc)
Llanllyfni is a small village and community within Gwynedd on the edge of the Snowdonia Mountain Range. The property is nestled between Llanllyfni and Talysarn just a 20 minute drive to the nearby Royal town of Caernarfon, famous for its castle and offering an array of facilities including shops, cafes, schools. The new Caernarfon bypass allows motorway access all the way from Liverpool, Manchester etc.
Sitting in a tucked away position to enjoy a peaceful riverside location is this spacious, detached home. The property is in need on complete renovation and briefly comprising; entrance porch, kitchen, pantry, shower room, spacious living room, two first floor bedrooms and a bathroom. Externally the property sits in an extensive sized plot with mature gardens and woodland all around and off road parking. Benefitting from gas central heating and double glazing.
Please note: we have been notified of a potential dispute regarding the property boundary. The seller’s solicitor has been notified. Please refer to the title documentation within the legal pack. Prospective buyers must make all necessary independent enquiries prior to placing their bid, as this will be binding.
Please Note: Buyers are to note that the seller has instructed a Japanese Knotweed survey and the surveyor has stated that Japanese Knotweed is present however it is more than 7 metres from the main dwelling (at least 30 metres away).
POTENTIAL RESIDENTIAL DEVELOPMENT OPPORTUNITY (STPC) – Please refer to the Planning Assessment within the legal pack dated September 2021
A portion of the land at Tan y Ffynnon is suitable for development and within the policy requirements is likely to gain the Council’s support for development in principle.
Please see the Planning Assessment report and site plans included, a portion of the site is deemed suitable for the development of a high-quality scheme for the erection of market and affordable dwellings. The existing access could be adapted to suitable standards, and the site is, overall, in a sustainable location. Any development would have to be of a quality design and appearance, high standard of construction, and of a suitable mix of housing within a well thought out layout. The site would have to complement the character and appearance of the surrounding area. The proposal would have also to be designed with considerable care taken to ensure that it respects the locality wider landscape. It would also have to demonstrate that there would be no harm to highway safety, general or residential amenities, or the ecological and biodiversity value of the site.
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 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.
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.
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.