Description
FOR AUCTION- A two bedroom Grade II listed terraced cottage in need of renovation set within close proximity to all village amenities. EPC Band D. Council Tax Band C. Freehold.
Method Of Sale - The property is being offered for sale by online Traditional Auction (unless sold prior.) The auction end date is Tuesday 18th November 2025 at 5pm.
The Vendor reserves the right to withdraw or alter the property for sale prior to the auction end date. The property can be viewed via our website - www.stags.co.uk on the Auction page.
Description - A two bedroom Grade II listed terraced cottage in need of renovation with small courtyard garden. Accommodation comprises; Sitting room, dining room, kitchen, shower room and two double bedrooms. Outside is a small enclosed garden. Once renovation work is completed we envisage the property could make an ideal investment property, main home, second home or holiday let.
Situation - The property is within the heart of the village with all amenities within easy walking distance as is the Tarka Trail at Fremington Quay. Fremington offers local amenities including convenience store/post office, medical centre, popular pubs and excellent bus service. The coastal and estuary village of Instow is within 10 minutes by car as are the towns of Bideford and Barnstaple. The later being the Regional Centre, offers the area's main commercial, entertainment and leisure venues as well as excellent shopping. The North Devon link road is easily accessible and leads on, in about 3/4 of an hour, to Junction 27 of the M5 Motorway and where Tiverton Parkway offers a fast service of trains to London Paddington in just over 2 hours. Exmoor National Park and the Cornish Border are also within easy access.
Services - All mains connected.
Gas central heating.
Grade II listed.
No onward chain.
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 Admin Fees - 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.
Deposit Payment - 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 no later than 48 hours post exchange. It is essential that you instruct your solicitor in advance of the auction.
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.
Tenure And Completion - The completion date will be as dictated by the solicitor and included in the legal pack.
Vendors Solicitors - Connor Barclay of Wolferstans LLP 60-66 North Hill, Plymouth, PL4 8EP
Direct Dial: 01752 292256 / Email: cbarclay@wolferstans.com
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 auction.
Definition Of Auction Guide & 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.
Viewings - Please arrange with the selling agent. Stags Barnstaple 01271 322833.
