Simeon Street, Ryde, Isle of Wight, PO33 Property for sale

Offered to the market 'chain free' is this 2 bedroom cottage in Ryde located just 100m from the seafront and sandy beach. The property comes with a good size rear garden and permit parking in the street too. This seaside cottage is in need of some modernisation but certainly offers the opportunity to create a lovely home or even a holiday letting investment. The internal layout comprises a comfortable lounge with an open fireplace, a separate dining room plus the 'galley-style' kitchen to the ground floor with the 2 double bedrooms and the sizeable bathroom to the upper floor. The property comes with double glazing and gas central heating throughout. There is also a small front garden plus a large, brick-built storage shed at the rear. The mainland ferry links are just a short walk as is the bus and train station making this a very convenient location with the town centre amenities also within easy reach.

LEASEHOLD: 800 years from 4 September 1846 (620 years remaining)

SERVICE CHARGE: N/A

Ground Rent: £2 per year

Auctioneer Comments

This property is for sale by the Modern Method of Auction. Should you view, offer or bid on the property, your information will be shared with the

Auctioneer, iamsold Limited. This method of auction requires both parties to complete the transaction

within 56 days of the draft contract for sale being received by the buyers solicitor. This additional time allows buyers to proceed with mortgage finance (subject to lending criteria, affordability and survey).

The buyer is required to sign a reservation agreement and make payment of a non-refundable Reservation

Fee. This being 4.5% of the purchase price including VAT, subject to a minimum of £6,600.00 including VAT.

The Reservation Fee is paid in addition to purchase price and will be considered as part of the chargeable

consideration for the property in the calculation for stamp duty liability. Buyers will be required to go through an identification verification process with iamsold and provide proof of how the purchase would be funded. This property has a Buyer Information Pack which is a collection of documents in relation to the property. The documents may not tell you everything you need to know about the property, so you are required to complete your own due diligence before bidding. A sample copy of the Reservation Agreement and terms and conditions are also contained within this pack. The buyer will also make payment of £300 including VAT towards the preparation

cost of the pack, where it has been provided by iamsold. The property is subject to an undisclosed Reserve Price with both the Reserve Price and Starting Bid being subject to change.

Please call us to discuss this route of purchasing.

Please note that an AML fee is chargeable to the buyer once an offer is accepted to cover the cost of carrying out the required identity and anti-money laundering checks. Once these checks have been completed, the fee cannot be refunded, even if the property purchase does not go ahead.