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LOT 24 - 20 CEMETERY ROAD, TRECYNON, ABERDARE, RHONDDA CYNON TAF, CF44 8HT

 * Unconditional Online Auction Sale
 * Guide Price* : £65,000+
 * Bedrooms: 3



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LOT 24 - RESIDENTIAL INVESTMENT


DESCRIPTION

ONLINE AUCTION from 29th AUGUST - 31st AUGUST

An opportunity to acquire a spacious mid terrace property situated in a highly
sought after area. The property is being sold with an established tenant who has
expressed that they are keen to remain long term.

The property benefits from UPVC double glazing, gas central heating (not tested)
and has a fitted kitchen and bathroom and is well presented. There are a good
range of local amenities close by in Trecynon and the well renowned Aberdare
park and Aberdare town centre is easily accessible with its wealth of shops.

Virtual Tour:


ACCOMMODATION

Ground Floor: Entrance hallway, lounge/dining room, kitchen
First Floor: Landing, 3 bedrooms, bathroom, shower room
Outside: Forecourt and rear garden with storage shed


TENANCIES

The properrty is let at £550 pcm (£6,600 p/a)

INVESTORS: If you are looking for assistance in tenant find and/or management
packages, information on rental income/interest potential, we have a Lettings
Department that can help you. Please call us on 01633 746800 or email
sarah@paulfoshlettings.com for invaluable advice.


TENURE

Advised Freehold - to be verified by solicitor


AUCTION FEES AND ADDITIONAL COSTS

Auction fees: The sale of each lot is subject to a buyer’s premium of 1.2% of
the purchase price (subject to a minimum of £1,200) including VAT unless
otherwise stated.

Additional costs: The purchase of the property may be subject to (but are not
limited to), VAT (if applicable), reimbursement of the seller’s search fees,
reimbursement of seller’s legal and/or sales costs, stamp duty/land transaction
tax (LTT). Please check accompanying legal pack for further details.

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

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£60,000

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Bidding Opens On
29th Aug 2023 12:00
Scheduled End Date ?
The lot is scheduled to close at this time, however this is subject to change
during the course of an auction.
Read more about how this can happen.

NB: Do not leave placing your bid to the last few seconds.It gives you no
advantage, you risk your bid not being received by the server in time and you
could lose the lot to another bidder.
31st Aug 2023 17:46

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VIEWING INFORMATION

Wed 16 Aug 15:00 - 15:20 Log in to book Wed 23 Aug 15:00 - 15:20 Log in to book




OFFICE CONTACT

Sean Roper
sean@paulfoshauctions.com




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Paul Fosh Auctions
01633 254044




DOCUMENTS

 * Terms and Conditions for Unconditional and Conditional Online Auctions
 * Reservation Fees & Deposits Explained
 * Buyers Guide for Conditional Auctions
 * Buyers Guide for Unconditional Auctions
 * Sellers Guide for Conditional Auctions
 * Sellers Guide for Unconditional Auctions
 * Guide to Buying at Auction




LEGAL DOCUMENTS

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RELATED DOCUMENTS

 * View Floor Plan
 * View Floor Plan
 * View Floor Plan
 * View EPC







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HELP ON BIDDING


BIDDING OVERVIEW

When the auction is open, you can place bids in line with the pre-determined bid
increment levels using the bid increase (+) and bid decrease (–) buttons
provided.

Every time you place a bid you will be asked to confirm your bid before
submitting it, and you will be clearly shown on the screen whether your bid was
successful.

A full list of all bids placed is displayed in the bid history table.


MAXIMUM (PROXY) BIDS

You are not restricted to placing a bid at the minimum bid amount, but can
instead increase your bid and place a maximum (proxy) bid in the system. By
setting a maximum bid, the system will automatically bid on your behalf to
maintain your position as the highest bidder, up to your maximum bid amount. If
you are outbid, you will be notified via email so you can opt to increase your
bid if you so choose.

If two or more users place identical bids, the bid that was placed first takes
precedence, and this includes proxy bids.

View details »


RESERVE PRICES

Virtually every lot is sold subject to a reserve price (the minimum price that
the auctioneer is authorised to sell for). When you submit a maximum bid, the
actual bid placed by the system will depend on whether the reserve price has
been met, as defined below.

If your maximum bid is below the reserve price

 * The system will place an immediate bid at your maximum bid amount.

If your maximum bid is at or above the reserve price

 * The system will automatically increase your bid to be at the reserve, and
   will only bid again on your behalf if you are subsequently outbid by another
   bidder (up to your maximum bid amount).
 * If another bidder has already placed the same maximum bid or higher, they
   will be the highest bidder and the system will notify you via email so you
   can place another bid.

NB : Your maximum bid is kept completely confidential – it's presence or amount
are not disclosed to the auctioneer, vendor or any other bidder.

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BIDDING EXAMPLE

 1. The current bid on a lot is £90,000. The reserve price has been set at
    £100,000 (not disclosed).
 2. Tom wants to bid. The minimum bid amount is £91,000 but Tom decides to place
    a maximum bid of £97,000. This is below the reserve price, so the system
    places a bid for Tom at his maximum bid amount and he becomes the highest
    bidder at £97,000.
 3. Jane logs on to bid. The minimum bid amount is £98,000 but Jane places a
    maximum bid of £105,000. The system automatically increases Jane's bid to
    meet the reserve and she is now the highest bidder at £100,000.
 4. Tom is notified that he has been outbid. If no further bids are placed Jane
    would win the lot for £100,000.
 5. Tom places a bid of £101,000, and Jane’s proxy bid instantaneously outbids
    him at £102,000 as this is the lowest bid required to make her the highest
    bidder.
 6. Tom then places a maximum bid of £105,000. The current bid jumps to £105,000
    with Jane as the highest bidder as she placed a proxy bid for that amount
    before Tom did.
 7. Tom then places a bid at £106,000 and wins the lot as there are no other
    bids and it is above reserve.

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TIMING AND BID EXTENSIONS

Lots will close sequentially in lot number order, with each lot scheduled to
close 2 minutes after it's preceding lot. However, these times are subject to
change due to the following reasons:

Withdrawn, Postponed and Sold Prior Lots

If a lot is withdrawn, postponed or sold prior before the bidding has started,
the system will automatically bring forward the scheduled end times of all
succeeding lots to maintain a 2 minute gap between lots closing.

Bidding Extension Window

If a bid is placed within the final 30 seconds of the auction's scheduled end
time, the auction will be extended by an additional 30 seconds – known as the
'bidding extension window'.

If a bid is placed in the 'bidding extension window', the countdown clock will
immediately reset to 30 seconds again, and the auction will only finish when an
entire 30 second bidding extension window passes without any further bids being
placed, i.e. 30 seconds of 'bidding silence'.

Changes to the Scheduled End Dates

When an extension window is in progress, the bidding software may push back the
scheduled end times of subsequent lots to ensure that lots close consecutively
and with a minimum 1 minute duration between each one. When this happens, an
advisory note will be displayed on the affected lot(s).

NB : Do not leave placing your bid to the last few seconds. It gives you no
advantage, you risk your bid not being received by the server in time and you
could lose the lot to another bidder.

View details »

NB: Please note that the way the bidding works may vary slightly from auctioneer
to auctioneer. We strongly advise you to read the bidding guide for any auction
you plan to bid on.

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By setting a proxy bid, the system will automatically bid on your behalf to
maintain your position as the highest bidder, up to your proxy bid amount. If
you are outbid, you will be notified via email so you can opt to increase your
bid if you so choose.

If two of more users place identical bids, the bid that was placed first takes
precedence, and this includes proxy bids.

Another bidder placed an automatic proxy bid greater or equal to the bid you
have just placed. You will need to bid again to stand a chance of winning.

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