Priory, Bovey Tracey, Newton Abbot, TQ13

3 bedroom property for sale

Guide price £100,000

This property is for sale by conditional online auction, powered by Bamboo Auctions. Place a bid on www.bradleys-online-auctions.co.uk by 12pm on Friday 15th September 2023. A 3 bedroom, semi-detached home in Bovey Tracey with gardens. 3 year Devon rule applies. ER - F

This property is being sold by conditional online auction and a non-refundable reservation fee of £5000 + VAT or 3.5% + VAT applies, whichever is the greater (in addition to the purchase price). If you are the successful bidder, you will be charged the amount of £5,000 + VAT (£6,000) or 3.5% +VAT, whichever is the greater, which will be processed online, immediately at the end of the auction, only if you are the successful bidder. You will then have 20 working days within which to exchange contracts, and a further 28 days to complete the purchase.

Terms and conditions apply to the modern auction method of sale, which is operated by Bradleys Property Auctions.

Definition of a Guide Price and a Reserve Price:

Guide Price An indication of the seller's current minimum acceptable price at auction. The guide price or range of guide prices is given to assist consumers in deciding whether or not to pursue a purchase. It is usual, but not always, that a provisional reserve range is agreed between the seller and the auctioneer at the start of marketing. As the reserve is not fixed at this stage and can be adjusted by the seller at any time up to the day of the auction in the light of interest shown during the marketing period, a guide price is issued. This guide price can be shown in the form of a minimum and maximum price range within which an acceptable sale price (reserve) would fall, or as a single price figure within 10% of which the minimum acceptable price (reserve) would fall. A guide price is different to a reserve price (see separate definition). Both the guide price and the reserve price can be subject to change up to and including the day of the auction.

Reserve Price The seller's minimum acceptable price at auction and the figure below which the auctioneer cannot sell. Bids may be accepted by the system but the property will not sell if the bidding does not reach the reserve. The reserve price is not disclosed and remains confidential between the seller and the auctioneer. Both the guide price and the reserve price can be subject to change up to and including the day of the auction.

Agents Notes The property is generally deemed not to be mortgageable in its present form. A structural engineers report is available for inspection, containing details of the construction and providing a guide to the upgrading required.This is an ex-local authority property which has a locality clause on its resale. Any purchaser must be able to provide evidence that they have either lived or worked in Devon, or a combination of the two, for at least three years immediately prior to the purchase.

Directions
From the Bradleys office in Bovey Tracey proceed up the hill taking the left hand turning into Abbey Road. Take the first right hand turning up Hind Street. Follow the road and take the first left hand turning into Priory. The property can be found on your left.

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