For sale by Conditional Online Auction.
On behalf of Northwood - Barnstaple

DRAFT DETAILS

In need of updating, Trelawney is situated in the village of Bishops Tawton on the outskirts of Barnstaple in North Devon and provides 144sqm of floor space. Having been used as an extended family home in the past, its unique layout provides two kitchen areas and flexibility in how the rooms are utilised. The reception room has been used as a bedroom on occasion and the design means Trelawney could easily be reinstated for extended families to two interconnecting living spaces.

The current occupants have enjoyed this home for over 20 years and have decided it's time for others to write a new chapter in its history. The property does require some maintenance and updating and would benefit from some internal reconfiguration if it is going to be used as a one household home.

The property is gas centrally heated and for historical purposes there are two boilers, however the vendor advises that it can run from one.

Briefly the property comprises; entering via the door to the side, by the garden to the west, into a kitchen area which has a range of base and wall cabinets with worktop over, dual aspect windows, inset sink with ample room for table and chairs, ceramic tiled flooring, and a handy pantry cupboard. A door leads into reception room 1 with a bay window to front, brick fire surround (not in use), carpeted flooring leading into the study room with views to front, carpeted floor and door leading to Bedroom 1 which is a double room and benefits from fitted wardrobes and window with rear aspect. A further door leads to the family bathroom with 3-piece suite and large in-built cupboard, windows to rear aspect. On the other side of the study, a door leads to the hallway which provides access to Reception room 2 with a further bay window to the front aspect, gas fire with marble effect surround, carpeted. The hallway provides access to a further bathroom with 3-piece suite, Bedroom 2 which is a good sized double and has a bay window to the east side of property, fitted wardrobe and carpeted floor and to the rear Kitchen/breakfast room which has a range of wall and base cabinets with work top over, inset sink and space for table and chair. Entrance door leads to east garden and driveway.

Upstairs there are a further two double bedrooms; one with en-suite WC and wash hand basin.

Outside there is a variety storage sheds and a garage which need attention and there is parking for several vehicles. The garden has a variety of mature shrubs/plants and lawn area.

Tenure: Freehold

EPC Rating: D

Terms:
Auction Method:
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.

Auction Fees:
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 and will be considered as part of the chargeable consideration for the property in the calculation of stamp duty liability.
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.

Deposit:
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.

Payment Method:
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)

Legal Pack:
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.

Registration Process:
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.

Northwood