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Mill Road, Bury St. Edmunds, IP311BT

This auction has ended!
Bid Count:
2
   
Final Bid:
£345,000.00
  • Overview
  • Particulars
  • Agent Details
  • Fees & Charges Explained

Property Overview

When we first viewed the property we knew it was going to be a project for us and could see the potential to create a beautiful cottage. The whole house now has a very welcoming feel. We will miss the peace and quiet, the cosy atmosphere, and the local parks and walks. The sitting room is definitely a favourite room in the home, with lots of character and log burner which is extremely cosy. We have enjoyed relaxing in the garden on warm days, having barbecues and enjoying the peacefulness. The garden room is great to find some shade on a hot and sunny day. The location is fabulous as we are surrounded by countryside. We have transformed this cottage from a dull property into a bright, airy, and cosy family home. We have done so many improvements and have thoroughly enjoyed restoring this lovely home.

STEP INSIDE The immense character here at Mill House is apparent from the off and is a feast for the eyes! You can see the love and time that has been put into making this a warm and welcoming family home. Stepping into the property from the pretty front garden there is a lobby with doors to the formal sitting room and to the dining room. The sitting room is full of character features with exposed beams, wood and brick flooring, and a stunning inglenook fireplace with wood-burning stove. This is a wonderfully peaceful and relaxing room. Back across the lobby and into the dining room you will see a wealth of original features. This has been an area much used by the current owners for entertaining friends and family dinners. The well designed kitchen/breakfast room flows on seamlessly from the dining room. This is the hub of the home and one where the family spend much of their time. This attractive room is a pretty as a picture and has been finished to a very high standard with a central island, breakfast bar, plenty of storage, wood preparation surfaces, and a separate utility plus boot room. From the kitchen there is a door out into the stair area, and this is where the beautifully refitted family bathroom is situated.
The first floor has four comfortable and inviting bedrooms. Bedroom four leads on from bedroom three so you could have this as a dressing room or add an en-suite. There are beams, exposed brickwork, and wooden floors. This floor also has a separate WC and wash basin.

STEP OUTSIDE The property can be found on Mill Road just opposite the green in front of Jarrold Close. There is a driveway providing off road parking to the side, and a garage although this is more of a garden room "man cave" with bi-fold doors that open up with great views over the garden. It's a relaxing space for all the family to enjoy and great if you need to retreat to the shade during hot summer days. There is a large office in the garden which is very versatile and has various uses. The potential to convert to an annexe could be possible subject to the usual planning permissions. The garden is mainly laid with artificial lawned areas which is great for children and pets as super hardwearing. There are mature trees, shrubs and plants around the cottage, a low wall to the front and picket fencing around the parking area.

Starting Bid and Reserve Price

*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 the starting bid and reserve price can be subject to change. Terms and conditions apply to the Modern Method of Auction, which is powered by IAM Sold.

Auctioneer's Comments

This property is for sale by the Modern Method of Auction. Should you view, offer or bid on the property, your information will be shared with the Auctioneer, iamsold.

This method of auction requires both parties to complete the transaction within 56 days of the draft contract for sale being received by the buyers solicitor. This additional time allows buyers to proceed with mortgage finance (subject to lending criteria, affordability and survey).

The buyer is required to sign a reservation agreement and make payment of a non-refundable Reservation Fee. This being 4.2% of the purchase price including VAT, subject to a minimum of £6,000.00 including VAT. The Reservation Fee is paid in addition to purchase price and will be considered as part of the chargeable consideration for the property in the calculation for stamp duty liability.

Buyers will be required to go through an identification verification process with iamsold and provide proof of how the purchase would be funded.

This property has a Buyer Information Pack which is a collection of documents in relation to the property. The documents may not tell you everything you need to know about the property, so you are required to complete your own due diligence before bidding. A sample copy of the Reservation Agreement and terms and conditions are also contained within this pack.

The buyer will also make payment of £300.00 including VAT towards the preparation cost of the pack, where it has been provided by iamsold.

The property is subject to an undisclosed Reserve Price with both the Reserve Price and Starting Bid being subject to change.

Referral Arrangements

The Partner Agent and Auctioneer may recommend the services of third parties to you. Whilst these services are recommended as it is believed they will be of benefit; you are under no obligation to use any of these services and you should always consider your options before services are accepted.

Where services are accepted the Auctioneer or Partner Agent may receive payment for the recommendation and you will be informed of any referral arrangement and payment prior to any services being taken by you.

Energy Performance Certificate (EPCs)

Energy Performance Certificates (EPCs) give information on how to make your home more energy efficient and reduce your energy costs. All homes bought, sold or rented require an EPC. EPCs carry ratings that compare the current energy efficiency and estimated costs of energy use with potential figures that your home could achieve. Potential figures are calculated by estimating what the energy efficiency and energy costs could be if energy saving measures were put in place. The rating measures the energy efficiency of your home using a grade from ‘A’ to ‘G’. An ‘A’ rating is the most efficient, while ‘G’ is the least efficient. The average efficiency grade to date is ‘D’. All homes are measured using the same calculations, so you can compare the energy efficiency of different properties.

Property Particulars

Please contact us for more information about this property.

Fine and Country Bury St Edmunds

Local Branch: 92 St John Street, Suffolk, IP33 1SQ
Head Office: 92 St John Street, Suffolk, IP33 1SQ

Fees & Charges Explained

Mill Road, Bury St. Edmunds, IP311BT

This property is sold subject to payment of a non-refundable reservation fee of 4.2% to a minimum of £6,000.00 including VAT.

Any successful purchaser will pay this to secure the sale. The reservation fee is in addition to the purchase price. Please take this into account when bidding.

A reservation fee is payable by the buyer only when the seller pays no fees to sell. As sellers pay no fees to sell, this is usually taken into account with a lower reserve price.

This property is being sold under the Modern Method of Auction, which requires the completion of the purchase to be within 56 days, although all reasonable endeavours must be made to exchange contracts within 28 days following the Draft Contract being received by the Buyer's Solicitor.

A non-refundable Reservation fee must be paid by the buyer within 2 hours following the conclusion of the auction or acceptance of an offer. This must be paid by cleared funds to the auctioneer who will issue an acknowledgement of reservation and purchase agreement in the 28 day period following the auction or the date of acceptance of the offer.

Buyers Information Pack

If the Buyer Information Pack has been produced and provided by iamsold any successful purchaser will be required to pay £300.00 (including VAT) towards the cost of the preparation of the pack. These can then be used by your solicitor to progress the sale.

Buyer Fees

There are no other fees or charges payable to the Auctioneer however, there are other costs to consider such as:

  • You will need a Solicitor to act for you during the conveyancing and your Solicitor will advise you in relation to the associated costs. If you do not have a Solicitor, we can recommend the services of one of our Panel Solicitors who are all selected for their expertise in Auction Transactions. Please call the number below for more information.
  • Stamp Duty Land Tax (SDLT) is applicable if you buy a property or land over a certain price in England, Wales or Northern Ireland. Please click here for more information.

 

Need More Information?

For further information or to speak to one of our team, please call 020 3859 2499.

Disclaimer

These particulars, whilst believed to be accurate are set out as a general outline only for guidance and do not constitute any part of an offer or contract. Intending purchasers should not rely on them as statements of representation of fact, but must satisfy themselves by inspection or otherwise as to their accuracy. No person in this firms employment has the authority to make or give any representation or warranty in respect of the property.