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Guide price
£470,000

10 bedroom detached house for sale

East Hill Road, Ryde, Isle of Wight
Auction
Recently added
Detached house
10 beds
6 baths
Added < 7 days

Key information

TenureFreehold
Council taxAsk agent

Features and description

  • Tenure: Freehold
  • For sale by online auction
  • 4 weeks’ completion
  • Period building
  • Configured as 7 apartments
  • Requires refurbishment
  • Potential conversion of the cellar STPP
  • Vacant freehold

Video tours

A residential investment opportunity in central Ryde. This property consists of a significant vacant freehold period building, currently configured as 2 x 1-bedroom apartments, 4 x 2-bedroom apartments, a studio, and additional cellar space with potential for conversion. Requiring improvement, the building offers the potential for subdivision or redevelopment (subject to planning permission). The property is for sale as a single lot and is suitable for cash buyers.

Please note apartment 2 has been sold off on a long lease of 2015 years from 1988.

Rooms

Auction
To be sold by online auction (unconditional) on Thursday 30th January 2025 with a 4 WEEK COMPLETION, bidding will open at 10.00.

To view
Viewings will be conducted prior to the auction, please visit our website to book an appointment at firstforauctions.co.uk

Registration
All bidders/potential buyers are required to register ahead of the auction date to be able to bid/buy, please visit our website to setup an online auction account.

Tenure
Freehold with vacant possession.

EPC rating
Flat 1 D, Flat 3 D, Flat 4 C, Flat 5 C, Flat 6 C, Flat 7 D, Flat 8 D

Council tax band
Flat 1 B, Flat 3 A, Flat 4 A, Flat 5 A, Flat 6 A, Flat 7 B Flat 8 B - Isle of Wight

Legal pack
For each lot there are Special Conditions of Sale and other documentation provided by the vendor's solicitors. If you wish to receive the Legal Pack, you will be able to register for this via the link on our website. You will receive notification by email once the Legal Pack is received from the solicitor.

Guide prices
Guide Prices are provided as an indication of each seller's minimum expectation. They are not necessarily figures which a lot will sell for and may change at any time prior to the auction. Each lot will be offered subject to a Reserve, (a figure below which the Auctioneer cannot sell the lot during the auction) which we expect will be set within the Guide Range, or no more than 10% above a single figure Guide Price.

Additional fees
A buyers charge of £1,500 including VAT is payable on each lot that you buy, in addition to the sale price. Please be aware there may be other additional fees, including disbursements contained in the legal pack payable on completion. Please ensure that you check the legal pack for each lot that you are interested in, prior to bidding.

Deposit
If you are the highest bidder when the auction ends, contracts are exchanged between you and the seller. Both parties are legally bound to complete the transaction as per the special conditions in the legal pack. Your card will be automatically debited for the bidder security amount of £6,000 and we'll require the remaining balance for a 10% non-refundable deposit. We will contact you after the auction has finished to make these arrangements.

Pre-auction offers
These must be made in writing and will only be considered if the Legal Pack has been inspected and proof of funding has been supplied to the auctioneers. Pre-auction offers are only considered on an auction basis in accordance with the “Terms & Conditions - Unconditional Auction".

Mortgage finance
We advise bidders who require a mortgage to confirm with their Financial Advisor as to the suitability of securing finance against this property prior to bidding.

Please note
All plans are strictly for identification purposes only and should not be relied upon. Please refer to the legal pack for the Land Registry plan of each lot. Any plans are reproduced from Ordnance Survey maps with kind permission of the Controller of Her Majesty's Stationery Office @ Crown copyright. All rights reserved, Licence no: 100020449.

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About this agent

First for Auctions - National
First for Auctions - National
23 Market Place Wokingham RG40 1AP
01344 527052
Full profileProperty listings
Buy or sell property quickly with our monthly online property auctions. The experienced team has over 20 years experience helping people to sell their property or land at auction. Online property auctions offer one of the fastest, transparent, and effective ways to sell your property. First for Auctions has a dedicated website for customers who may benefit from buying or selling property at auction to browse and bid on property lots, as well as read our specific auctions advice. With all of our auctions taking place online, we are able to offer these services across the country. Our experienced team are committed to providing the highest level of customer service. If you need any help with buying or selling property at auction now or in the future, just ask.
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