20 Kingsway - South Molton

METHOD OF SALE  

The property will be offered for sale by Online Traditional Auction (unless sold prior.) The auction end date is Tuesday 21st March 2023 at 5pm. 

The vendors reserve the right to withdraw or alter the property for sale, prior to the auction end date. The property can be accessed via our website - stags.co.uk.

SITUATION 

The property is located in a quiet cul-de-sac, in a residential area, towards the southern edge of the popular and traditional market town of South Molton. The town offers a comprehensive range of amenities, including schooling from nursery to secondary level, Sainsburys supermarket, Post Office, banking facilities, pubs, cafes and an abundance of independent and artisan shops. The town also bustles when the popular twice weekly pannier and weekly stock markets take place. 

The A361 bypasses the town and provides brisk passage to Barnstaple and the North Devon coast to the west and the M5 and Tiverton Parkway train station (London Paddington 1h 57m) to the east. 

DESCRIPTION - AUCTION GUIDE £135,000

20 Kingsway is an end of terrace house, well positioned within it's plot but in need of complete renovation/modernisation. Dating from the mid-twentieth century, the nature of the property offers potential for the house to be extended, subject to the necessary permissions. Well proportioned gardens, border three sides of the house and are mainly laid to lawn. 

The town centre and everyday amenities are a only a short walk away, with countryside walks, moments from your doorstep. 

ACCOMMODATION 

The part glazed front door opens into the HALL with stairs leading up and doors to the kitchen and living room. The LIVING ROOM has a large window and fireplace with brick surround, gas fire with Baxi boiler. The KITCHEN has two windows overlooking the back garden, door to under stairs cupboard, a further doorway leads to the STORE ROOM with doorway to back garden and CLOAKROOM. 

Upstairs there are TWO BEDROOMS, the largest is currently partitioned into two rooms, with airing cupboard and inset cupboard/wardrobe, the second bedroom, also has an inset cupboard/wardrobe. The FAMILY BATHROOM comprises of a white suite; panelled bath, wall mounted basin and WC with high level cistern. 

The house is set back from the road, and sits relatively centrally within the property. The gardens extend from the front of the house, around the side, to the rear and are predominantly laid to lawn and for the most part, bordered by various trees and bushes, There is a small patio area to the side and two dilapidated sheds in the back garden. 

SERVICES

All mains services are connected. Gas central heating via radiators. 

VIEWING 

Strictly by confirmed prior appointment please through the sole selling agents, Stags on 01769 572 263. 

DIRECTIONS

From The Square in the centre of South Molton, with Stags office on your right, proceed in a southerly direction, along South Street (B3226.) Kingsway is the third turning on the left, follow the road around to the left and number 20 will be found on the left, with a Stags For Sale board clearly displayed. 

What3words Ref: javelin.shirtless.lush 

PROOF OF IDENITY

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 this registration. 

BUYERS AND ADMINISTRATION FEES

The successful purchaser(s) will be liable to pay the sum of £5,000 at the end of the auction. From this a buyer’s fee of £2,400 inc VAT is retained by Stags/Bamboo Auctions as a contribution towards the online platform costs and £2,600 is payable towards the purchase price. 

An additional administration fee of or £1,200 inc VAT  will be payable by the successful purchaser immediately after the auction. This will be separately invoiced by Stags. 

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 and to consult legal advice prior to bidding.

SOLICTOR ACTING

Nigel Ayre - Crosse Wyatt Solicitors

7 East Street, South Molton, Devon EX36 3AQ 

Tel: 01769 572157 [email protected] 

COMPLETION DATE 

The completion date will be Wednesday 18th April 2023 as dictated by the solicitor. 

DEFINITION OF AUCTION AND 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.

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.

BUYERS AND ADMINISTRATION FEES

The successful purchaser(s) will be liable to pay the sum of £5,000 at the end of the auction. From this a buyer’s fee of £2,400 inc VAT is retained by Stags/Bamboo Auctions as a contribution towards the online platform costs and £2,600 is payable towards the purchase price. 

An additional administration fee of or £1,200 inc VAT  will be payable by the successful purchaser immediately after the auction. This will be separately invoiced by Stags.