For Sale3 Bedroom Detached House in Abingdon Road, Oxford, OX1£750,000

A site for sale with potential to develop currently consisting of a substantial 3 bedroom house which needs complete renovation with a garden to the rear. At the front there is a block of garages, two of which are included in this sale. The site is approximately 0.15 acres and offers a range of possibilities including redevelopment of the whole or the renovation of the existing house and additional properties across the street scene at the front, all subject to the usual consents being obtained. This property is for sale by the Modern Method of Auction which is not to be confused with traditional auction. The Modern Method of Auction is a flexible buyer friendly method of purchase. We do not require the purchaser to exchange contracts immediately, granting 56 days for completion and with an aim to exchange contracts 28 days from the date the buyer’s solicitor is in receipt of the draft contracts. Allowing the additional time to exchange on the property means interested parties can proceed with traditional residential finance. Upon close of a successful auction or if the vendor accepts an offer during the auction, the buyer will be required to put down a non-refundable reservation fee of 4.2% to a minimum of £6000 including VAT which secures the transaction and takes the property off the market. Fees paid to the Auctioneer may be considered as part of the chargeable consideration for the property and be included in the calculation for stamp duty liability. Further clarification on this must be sought from your legal representative. The buyer will be required to sign an ‘Acknowledgement of Reservation’ form to confirm acceptance of terms prior to solicitors being instructed. Copies of the Reservation form and all terms and conditions can be found in the Buyer Information Pack which can be downloaded for free from the auction section of our website or requested from our Auction Department. Please note this property is subject to an undisclosed reserve price which is generally no more than 10% in excess of the Starting Bid, both Starting Bid and reserve price can be subject to change. Terms and conditions apply to the Modern Method of Auction, which is operated by Connells Property Auction powered by IAM Sold. Reservation Fee is in addition to the final negotiated selling price. Reference OXF230053