Auction
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50 Gloucester Avenue, Colchester, CO2 9BA

  • Auction
  • Lot 8
  • United Kingdom
  • House
  • Residential

Sold for £244,000

Property Summary

  • By order of a Housing Association
  • Freehold four bedroom house
  • Approximately 140.71 sq m (1,514 sq ft)
  • Requires modernisation
  • Large front and rear gardens
  • Vacant possession
  • BLOCK VIEWING: TUESDAY 19TH NOVEMBER BETWEEN 12:00-12:30pm

Contact Us

Simon Bailey
Simon Bailey
Property Agent, here to help.
Nicole Courchee
Nicole Courchee
Property Agent, here to help.
Mohammed Kalam
Vendor's Solicitor

Contact Us

Simon Bailey
Simon Bailey
Property Agent, here to help.
Nicole Courchee
Nicole Courchee
Property Agent, here to help.
Mohammed Kalam
Vendor's Solicitor

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Property description

A mid-terraced building beneath a pitched roof arranged as a four bedroom house totalling approximately 140.71 sq m (1,514 sq ft). Externally there are large front and rear gardens. There may be scope to create off-street parking to the front of the property, subject to obtaining any relevant consents.

Location

Colchester is the second largest town in Essex lying approximately 56 miles north east of Central London and 24 miles north east of Chelmsford. It can be accessed via the A12, A120 with the latter providing direct access to the M11 motorway at junction 8. The town is served by three railway stations, Hythe, Colchester Town and Colchester North, all of which provide regonal rail services as well as regular direct services to London Liverpool Street with a journey time of approximatey one hour. Additionally numerouos bus routes serve the area and London Stansted International Airport lies approximately 29 miles to the west.

Gloucester Avenue lies in the suburb of Shrub End approximately 2 miles south of the town centre. The property lies on the west side of the road near its junction with Iceni Way in a mainly residential area and close to the Shrub End Community Sports Centre.

Planning

Colchester Borough Council (01206 282424) - www.colchester.gov.uk

Tenure

Freehold

Accommodation

  • Ground floor: Hall, living room, kitchen and dining room
  • First floor: Four bedrooms, bathroom/WC

VAT

VAT Not Applicable.

Energy Performance Indicator

Rating 69 Band C

Helpful links

*Terms & Conditions

Buyers are strongly advised to read these terms and conditions, and check the Special Conditions and any applicable Addendum, prior to bidding on a Lot. Additional costs, charges and encumbrances may apply for Buyers once they have made a successful bid in relation to a property.

  1. The reserve price is the minimum price at which the property can be sold at auction.
  2. Where a guide price (or range of prices) is given, that guide is the minimum price at which, or range of prices within which, the seller may be prepared to sell on the date on which the guide price, or range of prices, is published. The sale price, whether prior to or at the auction, can be above or below the guide price depending upon market activity. BidX1 and the seller accept no responsibility for any losses, costs or damages incurred by a buyer as a result of relying on any guide price. The buyer must decide how much they should bid for any Lot. All guide prices are quoted subject to contract. Guide prices given by BidX1 or the seller cannot be accepted by the buyer as being a professional valuation for any purpose in accordance with the requirements or guidance notes of relevant professional bodies or other authorities.
  3. Both the guide price and the reserve price may be subject to change up to and including the day of the auction. Whilst every effort is made to ensure that these guides are not misleading, it is possible that the reserve price set for any Lot may exceed the previously quoted guide price (as the seller may fix the final reserve price just before bidding commences).
  4. The guide price for the Lot does not include the administration fee of £1,295 (inclusive of VAT) for all properties up to £49,999, and £2,400 (inclusive of VAT) for all properties £50,000 and above charged by BidX1. In the case of a joint agent this administration fee will be £2,400 (inclusive of VAT). In addition, the guide price does not include VAT on the sale price, or any additional costs, charges or encumbrances that might apply to some Lots and/or some buyers. The Special Conditions of Sale of the seller, and any applicable Addendum, will state if there are other costs, charges or encumbrances and whether the seller has elected to charge VAT on the sale price.
  5. To participate in the sale BidX1 must hold a minimum amount from all bidders. This participation amount and administration fee is fully refundable in the event that you are not the successful purchaser. For example, a participation fee of £4,795 comprises £3,500 relating to your bidder security (partial deposit payment) and an administration fee payable directly to BidX1. A higher participation amount may be payable depending on the reserve price of the Lot.
  6. Please note that Lots may be sold or withdrawn prior to auction.
  7. All Lots sold “Subject to Vendor Confirmation” will be subject to acceptance and confirmation by the Vendor. The highest bid will be presented to the Vendor, the Vendor will have to either accept, decline or make a counteroffer, within the confirmation period. Should the Vendor decide to make a counteroffer, then a private link will be sent to the Highest Bidder advising of the offer the Vendor is willing to accept. The Highest Bidder will be obliged to accept or reject the Vendor's counteroffer. The Vendor reserves the ultimate right, apart from the auctioneer, to accept and to decline to sell to the highest or any bidder, without giving any reasons.
  8. No information, statement, description, quantity or measurement contained in any sales particulars or given orally or contained in any webpage, brochure, catalogue, email, letter, report, docket or hand out issued by or on behalf of BidX1 or the seller in respect of the property shall constitute a representation or a condition or a warranty on behalf of BidX1 or the seller. Any information, statement, description, quantity or measurement so given or contained in any such sales particulars, webpage, brochure, catalogue, email, letter, report or hand out issued by or on behalf of BidX1 or the seller are for illustration purposes only and are not to be taken as matters of fact. Any mistake, omission, inaccuracy or mis-description given orally or contained in any sales particulars, webpage, brochure, catalogue, email, letter, report or hand out issued by or on behalf of BidX1 or the seller shall not give rise to any right of action, claim, entitlement or compensation against BidX1 or the seller. All bidders must satisfy themselves by carrying out their own independent due diligence, inspections or otherwise as to the correctness of any and all of the information, statements, descriptions, quantity or measurements contained in any such sales particulars, webpage, brochure, catalogue, email, letter, report or hand out issued by or on behalf of BidX1 or the seller.
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