1 & 2 New Bungalows
1 & 2 New Bungalows, Peters Green, LU2 9QJ
- 8
Key features
Guide Price: *
£500,000
Fees apply
Buyer's fee:£3,960
All fees include VAT at 20%
Holding Deposit: *£1,040
*Only charged if you are the successful buyer and goes towards the purchase price
Auction Type:
Traditional
Sold for:
£693,000Bid history
69 bidsSThis is an automatic bid as the bidder has set a maximum bid for this lot
28/10/2024 12:46:27 - £693,000
SThis is an automatic bid as the bidder has set a maximum bid for this lot
28/10/2024 12:46:27 - £692,000
SThis is an automatic bid as the bidder has set a maximum bid for this lot
28/10/2024 12:42:25 - £691,000
See all 69 bids â–¾
Prime development opportunity in Peters Green to demolish two derelict bungalows and build three 3-bedroom contemporary homes on this 0.44-acre site, with planning permission already in place.
AUCTION DATE: MONDAY 28 OCTOBER 2024 AT 12PM
Important Notice
This property is available for sale by online auction. Interested buyers will need to register in advance and complete an ID verification before being able to place a bid. Buyers should allow sufficient time to complete this process before the time period expires. Full details can be found on Weldon Beesly’s online auction page https://weldonbeesly.com/online-auctions/
Conditions of Sale
The property will, unless previously withdrawn, be sold subject to common auction conditions and special conditions of each sale may be found in the legal documents section of the Weldon Beesly online auction page. Each purchaser shall be deemed to have notice of each condition and all the terms thereof and to bid on those terms whether they shall have inspected the said conditions or not.
Fees
The winning buyer must pay £5,000 automatically at the end of the auction of which: £3,960 is a buyer fee and £1,040 is a deposit contribution. The
balance of deposit (10% of the purchase price) must be paid by 12pm on the business day following the auction date.
Planning
The Property lies within the North Hertfordshire Green Belt but is not designated as a conservation area. Planning permission has been granted under reference 23/01275/FP for the demolition of the existing bungalows and the construction of three new dwellings: one pair of semi-detached and one detached – each with private parking and enclosed rear gardens.
Restrictive covenant
The property will be sold subject to a restrictive covenant limiting development to no more than three dwellings on the property.
Services
Mains water, drainage and electricity are available to the Property.
Tenure and possession
The Property forms part of Land Registry Title number HD611388 and is to be offered to the market with the benefit of vacant possession.
Easements, Covenants and Rights of Way
The property is sold subject to all existing wayleaves, easements, public or private rights of way, covenants and restrictions, whether stated or not. The purchaser will be required to install fencing between A and B as indicated on the sale plan.
Summary
- Auction end
- 28th Oct at 12:51
- Property type
- Land
- Tenure
- Freehold
- Council tax band
- Ask Agent
Summary
- Auction end
- 28th Oct at 12:51
- Property type
- Land
- Tenure
- Freehold
- Council tax band
- Ask Agent
This property is being sold by:
Weldon Beesly - Offley
01462 557780
The Old Dairy Barn Hoo Farm Offley Hitchin SG5 3ED
†Traditional auction
Exchange occurs at the end of the auction. This means that if the reserve is met or exceeded and the auction timer reaches zero, the successful bidder is legally obliged to pay the purchase price and the seller will be legally obliged to sell the property. To ensure that the successful bidder proceeds, the buyer is automatically charged a holding deposit, which is held in a secure client account, pursuant to the terms of a holding deposit agreement.
* Pricing Information
The Guide Price amount specified is an indication of each seller's minimum expectation. It is not necessarily the amount at which the property will sell. Each property will be offered subject to a Reserve (a figure below which the property will not be sold) which we expect will be set no more than 10% above the Guide Price amount.
Bamboo Auctions and Weldon Beesly LLP shall not be liable for any inaccuracies in the fees stated on this description page, in the bidding confirmation pop up or in the particulars. Buyers should check the contents of the legal pack and special conditions for accurate information on fees. Where there is a conflict between the fees stated in the particulars, the bid information box above or the bidding confirmation pop up and the contents of the legal pack, the contents of the legal pack shall prevail.
Stamp Duty Land Tax or Land and Buildings Transaction Tax may also apply in some circumstances.
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Disclaimer
All information relating to this property, including descriptions, pictures and other related information has been provided by Weldon Beesly LLP. All legal documents in relation to this property have been provided by the Vendor's solicitor. Neither Bamboo Auctions or any individual in employment with Bamboo Auctions makes any warranty as to the accuracy or completeness of any of the property information.
These particulars do not form part of any contract or offer. Buyers should not rely on them as statements of representation and should check that the information is correct by inspection or otherwise. Where there is a conflict between the contents of the legal documents and these particulars, the information contained in the legal documents shall prevail.