Foster Road, Frome, BA11

For sale by public auction. Tuesday 26th November 2024, 12pm. The Theatre, The Royal Bath and West Showground, Shepton Mallet. Bidding available in person, by proxy or online via livestream. Auction guide price £100,000 to £125,000* A detached two bedroom bungalow in need of complete renovation and with the scope to replace with a new dwelling, subject to gaining any of the necessary consents.

Description

12a Foster Road offers a wealth of opportunity to take the existing bungalow and renovate it, extend it or replace it to create a super home, subject of course to gaining the relevant planning consents.

The current property requires a significant scheme of renovation and improvement, including structural works, but provides a good sized footprint to work with.

The entrance lobby opens into the sitting room which has a large bay window to the front and a stone fireplace and hearth. From here an arch way leads to the kitchen and dining room which lies to the rear of the bungalow with windows over looking the rear garden. There are three bedrooms, two double rooms and a single one, and a family bathroom.

Outside

The gardens lie to the front and rear of the property with a driveway to the side giving space to park several vehicles in tandem, or alternatively the garden could be used for additional parking. To the side of the property is a detached garage and workshop.

Local Council

Somerset Council (Mendip)

Council Tax band

D

Services

Mains water, drainage and electricity are connected to the property. However, due to the condition of the property all interested parties must rely on their own enquiries with regard to any services.

Tenure

Freehold and vacant possession

VAT

The purchase price is not subject to VAT

Viewing

By appointment through Cooper and Tanner on 01373 455060

Completion

Completion has been set for Tuesday 17th December 2024 or earlier by arrangement.

Agents note

It is believed that there may be asbestos contained in the roofing material for the garage. Interested parties must rely on their own enquiries in this regard.

We believe that due to the condition of the property it is unlikely that a residential mortgage on the existing dwelling will be straightforward.

Registering to bid and Administration fee

Cooper and Tanner require all bidders who wish to bid at our Auction to register beforehand, whether you are intending on bidding in the room, by proxy or online. As part of the registration process, you will be asked to provide card details in order that the Buyer’s Administration Fee of £1350 inc VAT can be paid if you are successful. A week before the auction a hold will be placed on your account for this sum, which will then be released if you are unsuccessful. This fee will only be taken if you are the successful buyer. The fee is retained by Cooper and Tanner and does not form part of your deposit or completion settlement. Please also be aware that the Buyer’s Administration fee is payable per lot purchased. If you are successful in purchasing more than one lot, we will contact you following the auction to take subsequent payments for additional lots bought. All checks required by current anti-money laundering legislation must be satisfactorily completed, as part of the registration process before prior approval to bid will be granted; this will include providing proof of funds.

Deposit

Successful bidders will be required to pay to the Cooper and Tanner Client Account the deposit of 10% of the purchase price within 24 hours of the auction. The account details will be provided to the successful bidder on conclusion of the auction. Once funds are cleared, they will be transferred on to the account of the solicitor acting for the seller. Please ensure that funds are in an account suitable to be able to make an Electronic Transfer from.

Solicitors

Ames Kent, Frome

Katherine Oakes acting. Tel: 01373 462017

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