WEST MIDLANDS 0121 366 0539 PROPERTY AUCTION www.westmidlandspropertyauction.co.uk iamsold

Live Auction Date: Wednesday 9th March @ Molineux Stadium, Wolverhampton, WV1 4QR

LOTS IN THIS BROCHURE 68

PRICE RANGING FROM £20,000 - £360,000

SOLD AT OUR LAST AUCTION 79%

ESTATE AGENT BRANCHES IN THIS REGION 100

Covering:

West Midlands Birmingham Shropshire Staffordshire Worcestershire Warwickshire Herefordshire

GOLD

Live Auction Date: Wednesday 9th March 2016 supplier estate agency Register From: 18:30 Auction Starts: 19:30 2015 Hayward Suite, Molineux Stadium, Waterloo Road, Wolverhampton, WV1 4QR

1 WEST MIDLANDS WEST MIDLANDS PROPERTY AUCTION CALENDAR OF EVENTS 2016 PROPERTY AUCTION SOLD BY AUCTION WEST MIDLANDS PROPERTY AUCTION CALENDAR OF EVENTS 2016

ANUARY FEBRUARY MARCH M T W T F S S M T W T F S S M T W T F S S 1 2 3 1 2 3 4 5 6 7 1 2 3 4 5 6 4 5 6 7 8 9 10 8 9 10 11 12 13 14 7 8 9 10 11 12 13 11 12 13 14 15 16 17 15 16 17 18 19 20 21 14 15 16 17 18 19 20 18 19 20 21 22 23 24 22 23 24 25 26 27 28 21 22 23 24 25 26 27 Heath Croft Road, Four Oaks, Sutton Coldfield The Studio,106 Holyhead Road, Ketley, Telford 25 26 27 28 29 30 31 29 28 29 30 31 Start Bid £60,000 Start Bid £170,000 Viewings 23 Viewings 46 Sold £75,000 APRIL MAY UNE Sold £232,000 M T W T F S S M T W T F S S M T W T F S S 1 2 3 1 1 2 3 4 5 4 5 6 7 8 9 10 2 3 4 5 6 7 8 6 7 8 9 10 11 12 11 12 13 14 15 16 17 9 10 11 12 13 14 15 13 14 15 16 17 18 19 18 19 20 21 22 23 24 16 17 18 19 20 21 22 20 21 22 23 24 25 26 25 26 27 28 29 30 23 24 25 26 27 28 29 27 28 29 30 30 31

ULY AUGUST SEPTEMBER 181 Station Road, Sutton Coldfield 330 Gravelly Lane, Birmingham M T W T F S S M T W T F S S M T W T F S S 1 2 3 1 2 3 4 5 6 7 1 2 3 4 Start Bid £220,000 Start Bid £72,000 4 5 6 7 8 9 10 8 9 10 11 12 13 14 5 6 7 8 9 10 11 Viewings 35 Viewings 82 11 12 13 14 15 16 17 15 16 17 18 19 20 21 12 13 14 15 16 17 18 Sold £296,000 Sold £113,500 18 19 20 21 22 23 24 22 23 24 25 26 27 28 19 20 21 22 23 24 25 25 26 27 28 29 30 31 29 30 31 26 27 28 29 30

OCTOBER NOVEMBER DECEMBER M T W T F S S M T W T F S S M T W T F S S 1 2 1 2 3 4 5 6 1 2 3 4 3 4 5 6 7 8 9 7 8 9 10 11 12 13 5 6 7 8 9 10 11 10 11 12 13 14 15 16 14 15 16 17 18 19 20 12 13 14 15 16 17 18 19 20 21 22 23 24 25 17 18 19 20 21 22 23 21 22 23 24 25 26 27 46 Huntlands Road, Halesowen 7 Havelock Crescent, Much Wenlock 24 25 26 27 28 29 30 28 29 30 26 27 28 29 30 31 Start Bid £160,000 Start Bid £90,000 31 Viewings 22 Viewings 52 Sold £181,000 Sold £121,500

2 3 VENUE AUCTION DAY PROCEDURE

Before placing a bid we strongly advise that you provide a reservation fee or deposit. We will then Hayward Suite, Molineux Stadium, carry out market research and due diligence on prepare the acknowledgement of reservation form Waterloo Road, Wolverhampton, any property you are interested in bidding on. for you to sign using the details provided. Exchange West Midlands, WV1 4QR Make sure to review any legal documents we may will usually take place a maximum of 28 days later have for the subject property. We recommend that under the supervision of your solicitor upon receipt of Tel: 0871 222 2220 before bidding you visually inspect the property Draft Contract. Please do not leave the auction room Visit: www.corporatewolves.co.uk internally and are completely happy with what’s without paying your deposit or reservation fee and on offer. signing the relevant paperwork.

Registration at 6.30pm Registration Auction begins at 7.30pm You will require photographic I.D. and proof of If The Lot You Want Is Unsold address to obtain a bidding paddle to enable you to If a lot fails to reach its reserve in the room and you bid at a property auction. If you intend to bid please wish to buy it, ensure you register your highest bid remember to bring with you your debit/credit card with us before you leave the room. We will contact or bankers draft for your Reservation Fee and the the vendor and ask them for their instructions and DIRECTIONS required identification. Please also bring the contact contact you if we think that a sale after the auction details of the solicitor you intend to use. is negotiable. Alternatively, call us in the office after By road from the North: at next two islands, pass Banks’s Brewery and swimming the sale. Exit M6 at Junction 12. At island take third exit onto A5 for baths on left and then turn left at next set of traffic lights. Wolverhampton. At the next island turn left onto A449. After Molineux is 500 yards on the right. Bidding For Your Lot six miles the A449 passes under the M54. Carry straight on When the auctioneer announces your lot he will also Bidding Prior to the Auction and at the sixth island (Five Ways) take the third exit onto By road from the South East: bring to your attention any last minute items which Any bid or registration of interest must be presented Waterloo Road. Molineux is one mile straight on. Exit M6 at Junction 10. Take A454 via Willenhall to you should be aware of. He will read the full address to the vendor in real time which may lead to a Wolverhampton Ring Road. At first Ring Road island, take of the property, so please double check before property being sold prior to the auction event. Buyers By road from the South West: the fourth exit (A449 to Stafford). Straight on at next two sets Exit M5 at Junction 2. Follow the signs for Wolverhampton of traffic lights. Filter right at third set of lights into Waterloo bidding that this is the lot that you are interested in. are urged to register their interest early to avoid any on the A4123 for eight miles to the Ring Road. Turn left on Road. Molineux is 500 yards on right. The current lot number is usually displayed with a disappointment. If you require any assistance with Ring Road, following signs for Molineux. Take second exit photograph on screens at the front of the room. The finance or conveyancing then speak to a member of auctioneer will invite bids at a particular level and the auction team who will be happy to provide quotes you can make this bid by raising your paddle, hand from our specialist panel. or catalogue. If you wish to make a bid other than the ATTEND FOR FREE auctioneer calls, please shout out your bid and the If you don’t want to register to bid, but are interested in the auction process or potentially selling auctioneer may or may not accept it. The property at auction, you can attend our events to see what it’s like. You can also ask our auction team any will be ‘knocked down’ to the highest bidder – but questions you may have, for example: not until the auctioneer warns you by saying ‘going, going, gone’. Never delay until the last second with Remember! If you’re not planning to attend Is my property suitable for auction? your bid – you may lose it. Remember, there may be the auction, but would like to bid by proxy or Any type of property is suitable for sale by auction. Lots range from traditional residential properties from all 300+ people in the room and unless your bid is clear phone, you must fill and return the form in price ranges, style and condition, new-build development, tenanted investments, developments sites and all the auctioneer may not see you. this catalogue or contact the team to sectors of commercial property. Selling through auction is the preferred method of sale in the USA, Canada, pre-register on: and in mainland Europe. 0121 366 0539 On The Fall Of The Hammer [email protected] If you are interested in selling by auction and would like to speak to someone sooner, don’t If you are the successful bidder, a member of hesitate to contact our West Midlands Auction team on 0121 366 0539. the auction team will approach you and ask you to follow them to the sales room. You will be asked to

4 5 OUR METHODS OF AUCTION PROOF OF IDENTIFICATION

Modern Method of Auction The Modern Method of Auction is different to All successful bidders must provide Proof of Identity traditional auction procedures in the UK, in that and Proof of Address in order for us to comply with it is conditional. This means that the sale is not money laundering regulations. Important notice! legally binding once a bid is accepted. When a bid You must supply at least one document from is accepted the buyer is allowed a 28 day period Original documents must be provided. each list below to proceed with the sale.* of reservation in which to achieve exchange of Photocopies are not accepted. contracts, at which point the sale becomes legally binding, (i.e. the buyer is bound to buy and the TRADITIONAL AUCTION vendor is bound to sell). The 28 day period starts from when the buyer’s solicitor is in receipt of draft contracts. A further 28 day period is authorised to achieve completion of contracts, and at this point MODERN AUCTION Proof of Identity Tick List Proof of Address Tick List legal transfer of title takes place and keys and monies change hands. Current Signed Passport Current full UK Driving Licence** (Provisional licenses not accepted). Traditional Method of Auction Current Full UK/EU Photo Card Driving Licence** This is an Unconditional Auction where on A utility bill issued in the last three months (Not a mobile phone bill) acceptance of an offer or on the fall of the Current full UK Driving Licence** (old style)** hammer the buyer will pay up to a 10% deposit and (Provisional licenses not accepted). Local Authority tax bill (Current year) exchange of contracts is immediate. Both parties Resident permit issued by the Home Office are then legally bound to buy and sell. Traditional to EU Nationals. Bank / Building Society / Credit Union Auctions are mainly used by the investment market statement containing current address. for properties that attract significant interest from Inland Revenue Tax Notification. Most recent original mortgage statement professional investors. The residential sector can from a UK lender. find it harder to buy through a traditional auction because there is a limited amount of time to put finance in place, meaning many purchases through a traditional auction are cash based.

The Verdict DEPOSITS / RESERVATION FEES Whilst the Traditional Auction is useful for disposing of investment stock to the investment market quickly and efficiently, the residential market requires more Deposits and /or fees will be accepted by one of than this. The Modern Method offers the ability to the following methods: maximise the level of interest from a broad range of buyers, in turn creating the best sales price in the Banker’s Draft, Debit / Credit Cards (3% surcharge applies to credit card transactions). current market but still benefiting from the security of NO CASH OR CHEQUES WILL BE ACCEPTED a non refundable reservation fee or deposit and a fixed date to move and sell. *We reserve the right to conduct a soft imprint online identification search on any successful buyer. ***Current full UK/EU driving license cannot be used to prove both ID and address. This document can only identify ID or address.

6 7 GLOSSARY OF COMMON AUCTION TERMS

Addendum deposit is held as a reservation against the subject prospective purchasers satisfy themselves as to bidding facility is disabled. If you wish to place This is the document published on the day of the property. If the sale falls through due to the location, boundaries, condition and state of a pre auction offer you will need to speak with a auction containing all changes and additions to an act or action of the vendor, the deposit the lots before the auction. member of the Auction Team who will explain the the details within the catalogue. It is important becomes repayable to the buyer in full. process to you. The vendor can consider offers prior that you read this document before bidding to see Starting Bids to the live auction, but this is at their discretion to if there is anything significant listed against your Exchange of Contracts These are prices published for each property and do so. The auctioneers or vendors cannot be held lot. We will be compiling these amendments right The buyer will sign the contract for sale and are the level at which the bidding will commence. responsible for costs incurred in respect of any lot up until the auction day. The most up to date copy send it to the seller, who also signs it. This is the They are for guidance only and are not Reserve which is withdrawn or sold prior to auction. is always available from our Auction Department. point at which both parties are legally obliged to Prices. They may occasionally change during The Addendum forms part of the contract of sale. complete the transaction, and usually takes place the marketing period. Each Starting Bid has a a maximum of 28 days after the buyer’s solicitor is corresponding Reserve Price that is usually in Buyer Information Pack Reserve Price in receipt of draft contracts. At this point there is excess of the starting price. A Buyer Information Pack is a range of This is the minimum price that is acceptable to a legal obligation for the purchaser to buy and the legal documents prepared before the property the vendor for selling their lot in the auction. We vendor to sell. Insurance is sold via auction. This gives the buyer do not publish Reserve Prices; this figure is a Unless indicated to the contrary, the seller a chance to view the legal aspects of the private agreement between the vendor and the Completion of Contracts will continue to be responsible for insuring the property before purchasing. auctioneer, however as a guide the Reserve is This is when the purchase becomes final. property until completion. generally around 10% in excess of the Starting The purchase price is paid in full by the buyer’s The pack includes: Property Information Bid. Both the Starting Bid and Reserve can be conveyancer and received by the seller’s Viewing forms, Fixture and Fittings forms, official Land subject to change. conveyancer. The seller must move out of the Due to the nature and condition of auction Registry Documents, Title Plan, Local Search property on this date and release the keys to properties, we highlight the potential risk that and Water and Drainage Search, leasehold Reservation Fee the buyer. viewing such properties carries and advise all to documents if applicable and auction Terms Unless otherwise stated, each property is sold proceed with caution and take necessary actions and Conditions. subject to a Reservation Fee of 3.5% to a Special Conditions Of Sale to ensure their own safety whilst viewing any lot minimum of £5,000 + VAT. If you are interested In addition to these ‘general’ conditions in this catalogue. Viewings are conducted entirely The successful purchaser will be required in a particular lot please speak to a member of the applicable to each lot the vendor’s solicitor may at your own risk, these properties are not owned to pay £166.67 + VAT for the preparation of team before you bid and clearly read the Terms draft additional terms applicable to their individual or controlled by the Auction Department and we the Buyer Information Pack. & Conditions attached to the property. Please lot – these are the Special Conditions. cannot be held liable for loss or injury caused note that the Reservation Fee is in addition while viewing or accessing any lot. Due to the Once the property is sold, the pack will be to the final negotiated selling price, and is These are not printed in the catalogue and are nature of some auction properties, electricity forwarded to the solicitors involved to ensure paid on a non-refundable basis. It is held as a available for free from the Auction Department may not be turned on therefore viewing times a speedy exchange and completion. reservation against the subject property until if applicable. They form part of the Contract of are restricted. exchange of contracts take place. If the sale falls Sale. It is important that you satisfy all of your through due to the vendor breaching the terms legal enquiries and are aware of all conditions The Legal Aspect of the agreement the Reservation Fee or deposit (including any Addendum) before you bid at The legal aspect of buying at auction is a becomes repayable to the buyer in full. auction. contractual commitment. Before making an If you have any queries or further questions offer prior to auction or bidding at the auction it regarding the information in this catalogue, Reservation Deposit Energy Performance Certificate (EPCs) is advisable to consult a solicitor regarding the don’t hesitate to speak to a member of our Under this method of sale the buyer will be EPCs contain information on your home’s General and Special Conditions of Sale, the Local auction team who will be able to offer you sound required to pay a Reservation Deposit. The energy use and typical energy costs, with Authority Search and other legal documentation. advice. You can contact us by telephone, email or Reservation Deposit is calculated against the recommendations on how to reduce energy alternatively visit our website final negotiated selling price at 3.5% subject to use and save money. Pre Auction Offers www.westmidlandspropertyauction.co.uk a minimum of £6,000. The deposit is taken as a If a property has been entered to a live auction part payment of the final negotiated selling price Auction Catalogue room at one of our regional auctions the online and will be deducted from the balance of the final Details of the property and land to be sold are selling price upon completion of contracts. The set out in this catalogue. All lots are sold subject Disclaimer Particulars within this catalogue are believed to be correct but their accuracy is not guaranteed. Information relating to rating matters has been deposit is taken on a non-refundable basis. The to Special Conditions of Sale. It is important that obtained by verbal enquiry only. Prospective purchasers are advised to make their own enquiries of the appropriate authority. All measurements, areas and distances are approximate only. Potential purchasers are advised to check them. 8 9 LOT LIST PROXY/TELEPHONE BIDDING REGISTRATION FORM LIVE AUCTION EVENT 09/03/16 RESERVATION FEE Lot Address Starting Bid Agents

£55,000 Barbers Bidding Method Proxy Telephone Pre Registration 01 2 Southall, Dawley, Shropshire

£65,000 DB Roberts Date of Auction Lot Number Lot Address 02 23 Burtondale, Brookside, Telford, Shropshire Barbers Maximum Bid £ (in words) 03 14 Walton, High Ercall, Shropshire £180,000 Lex Allan Group I hereby authorise IAM Sold Ltd to bid on my behalf for the subject property above, be that by telephone, or by 04 34 Highgate Street, Cradley Heath, West Midlands £60,000 proxy. I confirm that I have read and understand the terms and conditions included in the auction catalogue. If Lex Allan Group you select the telephone as a method of bidding, and we are unable to contact you, the maximum of the proxy 05 1 Rose Villas, Corngreaves Road, Cradley Heath, West Midlands £90,000 will be put forward on your behalf. 06 43 Garland Crescent, Halesowen, West Midlands £175,000 Lex Allan Group Full Name(s) Buyer’s Details 07 44 Belmont Road, Wolverhampton, West Midlands £70,000 DB Roberts

Postal Address 08 25 Broadway, Walsall, Staffordshire £360,000 Homepoint Estate Agents

Post Code 09 23 Smithfield Road, Market Drayton £145,000 Barbers

Telephone (for bids) Email 10 1 East Road, Ketley Bank, Shropshire £90,000 Barbers

DB Roberts Solicitor’s Details if appointed. If not and you would like a quote, please tick this box 11 107 Crowmere Road, Shrewsbury, Shropshire £95,000

£130,000 DB Roberts Postal Address 12 14 Longville Road, Shrewsbury, Shropshire

13 11 Bridge Road, Wellington, Shropshire £59,950 Your Move Post Code 14 207 Wood End Road, Birmingham, West Midlands £125,000 Green & Co Telephone Email 15 10 Romsey Grove, Wolverhampton, Staffordshire £100,000 DB Roberts

16 1 Codsall Road, Wolverhampton, Staffordshire £165,000 Berriman Eaton Buyer’s Signature 17 67 Gorsemoor Road, Cannock, Staffordshire £75,000 DB Roberts

Jayman I understand that if my bid is successful that a Buyer’s Premium of 3.5% subject to a minimum of £5000 + VAT 18 85 Bank Street, Cannock, Staffordshire £75,000 is payable. The Buyer’s Premium is calculated against the final negotiated selling price and is not considered as 19 22 Chapel Street, Castle Gresley, Derbyshire £80,000 Your Move part payment of the final negotiated selling price. The Buyer’s Premium is received on a non-refundable basis and is held as a reservation for the subject property and will be forfeited if formal contracts are not exchanged 20 109 Hillside Road, Linton, Derbyshire £125,000 Your Move within 28 days. The buyers shall pay an additional £166.67 + VAT for the preparation of the Buyer Information Pack. The buyers declare that the information and conditions held within the auction catalogue are understood 21 57 Winchester Drive, Midway, Derbyshire £108,000 Your Move and accepted. A 3% surcharge applies for credit card transactions taken as payments. 22 28 Fairoak Avenue, Stafford, Staffordshire £135,000 DB Roberts PLEASE NOTE THAT CREDIT OR DEBIT CARD DETAILS WILL BE VERIFIED BEFORE ANY BIDS ARE ACCEPTED. I authorise a payment for the buyers premium to be taken from my bank account listed below: 23 6 Lowlands Avenue, Tettenhall, Wolverhampton, West Midlands £189,000 DB Roberts

Name on card Card Type 24 Abdullah View, Steel Heath, Whitchurch, Shropshire £145,000 Barbers

Keates Hulme Card Number Security Number 25 40 Ogden Road, Stoke-on-Trent, Staffordshire £30,000

26 Rose Mount, Broughall, Shropshire £225,000 Barbers Valid From Expiry Date 27 2 Harrington Road, Worcester, Worcestershire £115,000 Nicol & Co Estate Agents

Remember! If you’re not planning to attend the auction, but would like to bid by proxy or phone, 28 48 Siemens Road, Stafford, Staffordshire £70,000 DB Roberts you must fill and return the form in this catalogue or contact the West Midlands team to pre-register on: 0121 3660 539 or [email protected] 29 36 Blakiston Street, Stafford, Staffordshire £85,000 DB Roberts 10 11 LOT LIST LOT LIST LIVE AUCTION EVENT 09/03/16 LIVE AUCTION EVENT 09/03/16

Lot Address Starting Bid Agents Lot Address Starting Bid Agents

30 3 Beech Grove, Huntington, Staffordshire £75,000 DB Roberts 59 1 Devon Road, Rubery, Rednal, West Midlands £62,500 Your Move

31 40 Applebrook, Shifnal, Shropshire £150,000 DB Roberts 60 74 Van Diemans Road, Wombourne, Staffordshire £165,000 Berriman Eaton

32 33 Waverley, Telford, Shropshire £65,000 DB Roberts 61 36 Taylor Road, Wolverhampton, West Midlands £105,000 DB Roberts

33 277 Burford, Brookside, Telford, Shropshire £65,000 DB Roberts 62 13 Barrington Close, Wolverhampton, West Midlands £68,000 DB Roberts

34 26 Wantage, Telford, Shropshire £67,000 DB Roberts 63 17 Water Lily Way, Nuneaton, Warwickshire £99,950 Your Move

35 46 Singleton, Sutton Hill, Telford, Shropshire £65,000 DB Roberts 64 Trench Tavern, Trench Road, Trench, Telford, Shropshire £100,000 DB Roberts

36 67 James Way, Donnington, Shropshire £80,000 DB Roberts 65 24 St. Michaels Road, Coventry, West Midlands £110,000 Your Move

37 20 Schoolfields Road, Shenstone, Staffordshire £180,000 Hunters Group 66 Flat 14 Stockton Court, Mason Street, Bilston, West Midlands £20,000 Skitts

38 181 Wimblebury Road, Heath Hayes, Staffordshire £80,000 Lovett & Co Estate Agents 67 42 Norton Grange, Norton Canes, Staffordshire £89,950 Webbs Estate Agents

39 7 Valley Road, Cradley Heath, West Midlands £110,000 Lex Allan Group 68 38 Gunner Lane, Rubery, Rednal, West Midlands £160,000 Elliot Laurence

40 11 Beatrice Street, Walsall, Staffordshire £79,950 Skitts

41 33 Gower Street, Walsall, Staffordshire £69,950 Skitts

42 27 Elgin Street, Shelton, Stoke-on-Trent, Staffordshire £50,000 Keates Hulme

43 21 Chartwell Road, Arleston, Shropshire £80,000 DB Roberts

44 11 Hartshill Avenue, Oakengates, Telford, Shropshire £95,000 Your Move

45 121 Bhylls Lane, Castlecroft, Wolverhampton, Staffordshire £150,000 Skitts

46 33 Hawke Road, Stafford, Staffordshire £95,000 DB Roberts

47 14 Parkers Croft Road, Stafford, Staffordshire £95,000 DB Roberts

48 7 Midhurst Drive, Hednesford, Staffordshire £115,000 DB Roberts

49 2022 Bristol Road South, Rubery, Rednal, West Midlands £67,500 Your Move

50 37a Wilson Road, Oldbury, West Midlands £79,950 Your Move

51 58 Antrobus Road, Sutton Coldfield, West Midlands £195,000 Green & Co

52 6 Millstone Avenue, Talke, Staffordshire £70,000 Keates Hulme

53 14 Barnard Road, Sutton Coldfield, West Midlands £310,000 Green & Co

54 Flat 2, Clyde Court, Garrard Gardens, Sutton Coldfield, West Midlands £110,000 Green & Co

55 1 Walter Scott Road, Bedworth, Warwickshire £95,000 Your Move

56 17 Grinshill Flats, Severn Drive, Wellington, Shropshire £50,000 Barbers

57 9 Wrockwardine Road, Wellington, Shropshire £125,000 Barbers

58 The Barn, Brockton Hall Farm, Brockton, Shifnal, Shropshire £80,000 DB Roberts 12 13 LOT 1 LOT 4

Starting Bid: £55,000 Starting Bid: £60,000 2 Southall 34 Highgate Street Dawley Cradley Heath Shropshire West Midlands TF4 3NE B64 5RY

End Terraced House Front Garden Terraced Local Amenities 4 Bedrooms Requires Renovation 3 Bedrooms Patio Lawned Area 2 Reception Rooms EPC: E 2 Reception Rooms EPC: E 1 Bathroom 1 Bathroom

Wellington: 01952 221200 Halesowen: 0121 550 5400

LOT 2 LOT 5

Starting Bid: £65,000 Starting Bid: £90,000 23 Burtondale 1 Rose Villas Brookside, Telford Corngreaves Road, Cradley Heath Shropshire West Midlands TF3 1PG B64 7DT

Mid Terraced House Well Presented End Terraced House Rear Garden 3 Bedrooms Kitchen/Diner 3 Bedrooms End Terraced House 1 Reception Room EPC: TBC 2 Reception Rooms EPC: E 1 Bathroom 1 Bathroom

Telford Centre: 01952 291722 Halesowen: 0121 550 5400

LOT 3 LOT 6

Starting Bid: £180,000 Starting Bid: £175,000 14 Walton 43 Garland Crescent High Ercall Halesowen Shropshire West Midlands TF6 6AR B62 9NH

Semi Detached Cottage Conservatory Semi Detached House Local Amenities 3 Bedrooms Rear Garden 3 Bedrooms Garage & Garden 1 Reception Room EPC: F 1 Reception Room EPC: TBC 1 Bathroom 1 Bathroom

Wellington: 01952 221200 Halesowen: 0121 550 5400

1 2 14 15 LOT 7 LOT 10

Starting Bid: £70,000 Starting Bid: £90,000 44 Belmont Road 1 East Road Wolverhampton Ketley Bank West Midlands Shropshire WV4 5UD TF2 0DD

Terraced House Central Heating Detached House Rear Garden 3 Bedrooms Double Glazing 3 Bedrooms Gas Central Heating 2 Reception Rooms EPC: E 2 Reception Rooms EPC: D 1 Bathroom 1 Bathroom

Wolverhampton: 01902 427 257 Wellington: 01952 221200

LOT 8 LOT 11

Starting Bid: £360,000 Starting Bid: £95,000 25 Broadway 107 Crowmere Road Walsall Shrewsbury Staffordshire Shropshire WS1 3EZ SY2 5JD

Detached House Rear Garden Semi Detached House No Onward Chain 4 Bedrooms Detached Garage 3 Bedrooms Repair Required 2 Reception Rooms EPC: E 2 Reception Rooms EPC: TBC 1 Bathroom 1 Bathroom

Walsall: 01922 611 133 Shrewsbury: 01743 357 032

LOT 9 LOT 12

Starting Bid: £145,000 Starting Bid: £130,000 23 Smithfield Road 14 Longville Road Market Drayton Shrewsbury Shropshire Shropshire TF9 1EJ SY1 3HN

Semi Detached House Driveway & Garage Semi Detached House Conservatory 3 Bedrooms Front & Rear Garden 3 Bedrooms No Chain 2 Reception Rooms EPC: E 1 Reception Room EPC: D 1 Bathroom 1 Bathroom

Market Drayton: 01630 653641 Shrewsbury: 01743 357 032

3 4 16 17 LOT 13 LOT 16

Starting Bid: £59,950 Starting Bid: £165,000 11 Bridge Road 1 Codsall Road Wellington Wolverhampton Shropshire Staffordshire TF1 1EA WV6 9EE

End Terraced House No Upward Chain Detached House Front Garage 2 Bedrooms Loft Room 3 Bedrooms Rear Garden 2 Reception Rooms EPC: E 2 Reception Rooms EPC: D 1 Bathroom 1 Bathroom

Wellington: 01952 641 242 Tettenhall: 01902 747744

LOT 14 LOT 17

Starting Bid: £125,000 Starting Bid: £75,000 207 Wood End Road 67 Gorsemoor Road Birmingham Cannock West Midlands Staffordshire B24 8BL WS12 3HW

Terraced House Driveway Semi Detached House Rear Garden 3 Bedrooms Enclosed Rear Garden 2 Bedrooms Off Road Parking 1 Reception Room EPC: D 2 Reception Rooms EPC: E 1 Bathroom 1 Bathroom

Walmley: 0121 313 1991 Cannock: 01543469966

LOT 15 LOT 18

Starting Bid: £100,000 Starting Bid: £75,000 10 Romsey Grove 85 Bank Street Wolverhampton Cannock Staffordshire Staffordshire WV10 6QU WS12 2ES

End Terraced House Ample Driveway Semi Detached House Conservatory 2 Bedrooms Garage 2 Bedrooms Off Road Parking 1 Reception Room EPC: TBC 2 Reception Rooms EPC: TBC 1 Bathroom 1 Bathroom

Wolverhampton: 01902 427 257 Cannock: 01543 505566

5 6 18 19 LOT 19 LOT 22

Starting Bid: £80,000 Starting Bid: £135,000 22 Chapel Street 28 Fairoak Avenue Castle Gresley Stafford Derbyshire Staffordshire DE11 9HZ ST16 1LU

End Terraced House Double Garage Detached House Garage 2 Bedrooms No Upward Chain 4 Bedrooms Parkside Development 1 Reception Room EPC: D 2 Reception Rooms EPC: D 1 Bathroom 1 Bathroom

Swadlincote: 01283 219 892 Stafford: 01785 255800

LOT 20 LOT 23

Starting Bid: £125,000 Starting Bid: £189,000 109 Hillside Road 6 Lowlands Avenue Linton Tettenhall, Wolverhampton Derbyshire West Midlands DE12 6RB WV6 9PA

Detached Bungalow Rear Garden Semi Detached House No Chain 2 Bedrooms Driveway 3 Bedrooms EPC: D 1 Reception Room EPC: E 2 Reception Rooms EPC: TBC 1 Bathroom 1 Bathroom

Swadlincote: 01283 219 892 Wolverhampton: 01902 427 257

LOT 21 LOT 24

Starting Bid: £108,000 Starting Bid: £145,000 57 Winchester Drive Abdullah View Midway Steel Heath, Whitchurch Derbyshire Shropshire DE11 7LS SY13 3LF

Semi Detached House No Upward Chain Detached Bungalow No Upward Chain 3 Bedrooms Front & Rear Gardens 2 Bedrooms Double Garage 1 Reception Room EPC: C 1 Reception Room EPC: TBC 1 Bathroom 1 Bathroom

Swadlincote: 01283 219 892 Whitchurch: 01948 667272

7 8 20 21 LOT 25 LOT 28

Starting Bid: £30,000 Starting Bid: £70,000 40 Ogden Road 48 Siemens Road Stoke-on-trent Stafford Staffordshire Staffordshire ST1 3BX ST17 4DT

Mid Terraced House Refurbishment Needed Mid Terraced House EPC: D 2 Bedrooms Yard 2 Bedrooms EPC: TBC 1 Reception Room EPC: TBC 1 Reception Room 1 Bathroom 1 Bathroom

Stoke: 01782 413580 Stafford: 01785 255800

LOT 26 LOT 29

Starting Bid: £225,000 Starting Bid: £75,000 Rose Mount 36 Blakiston Street Broughall Stafford Shropshire Staffordshire SY13 4AE ST16 3PE

Detached House Cobbled Driveway Semi Detached House Off Road Parking 3 Bedrooms 6 Acres of Land 2 Bedrooms Rear Garden 2 Reception Rooms EPC: F 1 Reception Room EPC: F 1 Bathroom 1 Bathroom

Whitchurch: 01948 667272 Stafford: 01785 255800

LOT 27 LOT 30

Starting Bid: £115,000 Starting Bid: £75,000 2 Harrington Road 3 Beech Grove Worcester Huntington Worcestershire Staffordshire WR2 5HB WS12 4QW

Semi Detached House No Onward Chain Semi Detached House Parking To Front 3 Bedrooms Off Road Parking 2 Bedrooms Front & Rear Gardens 2 Reception Rooms EPC: E 1 Reception Room EPC: D 1 Bathroom 1 Bathroom

Worcester: 01905 676000 Cannock: 01543469966

9 10 22 23 LOT 31 LOT 34

Starting Bid: £150,000 Starting Bid: £67,000 40 Applebrook 26 Wantage Shifnal Telford Shropshire Shropshire TF11 9PZ TF7 5PA

Semi Detached House Garage End Terraced House Front Garden 3 Bedrooms Rear Garden 3 Bedrooms Rear Garden 1 Reception Room EPC: C 1 Reception Room EPC: D 1 Bathroom 1 Bathroom

Shifnal: 01952 461999 Wellington: 01952 256 272

LOT 32 LOT 35

Starting Bid: £65,000 Starting Bid: £65,000 33 Waverley 46 Singleton Telford Sutton Hill, Telford Shropshire Shropshire TF7 5LS TF7 4JH

End Terraced House Vacant Possession Mid Terraced House Enclosed Rear Garden 3 Bedrooms Garden Space 3 Bedrooms EPC: D 1 Reception Room EPC: TBC 1 Reception Room EPC: TBC 1 Bathroom 1 Bathroom

Wellington: 01952 256 272 Telford Centre: 01952 291722

LOT 33 LOT 36

Starting Bid: £65,000 Starting Bid: £80,000 277 Burford 67 James Way BrooksIde, Telford Donnington Shropshire Shropshire TF3 1LT TF2 8AY

End Terraced House Rear Garden Terraced House Front & Rear Gardens 3 Bedrooms Communal Parking 3 Bedrooms Drive & Garage 1 Reception Room EPC: D 1 Reception Room EPC: D 1 Bathroom 1 Bathroom

Telford Centre: 01952 291722 Oakengates: 01952 620021

11 12 24 25 LOT 37 LOT 40

Starting Bid: £180,000 Starting Bid: £79,950 20 Schoolfields Road 11 Beatrice Street Shenstone Walsall Staffordshire Staffordshire WS14 0LW WS3 2AY

Semi Detached House No Upward Chain Semi Detached House No Chain 4 Bedrooms Rear Garden 2 Bedrooms Double Glazing 2 Reception Rooms EPC: TBC 2 Reception Rooms EPC: E 1 Bathroom 2 Bathrooms

Lichfield: 01543 419000 Bloxwich: 01922 478104

LOT 38 LOT 41

Starting Bid: £80,000 Starting Bid: £69,950 181 Wimblebury Road 33 Gower Street Heath Hayes Walsall Staffordshire Staffordshire WS12 2EW WS2 9AS

End Terraced House Rear Garden Terraced House Lawned Garden 3 Bedrooms No Onward Chain 2 Bedrooms uPVC Double Glazed 2 Reception Rooms EPC: TBC 1 Reception Room EPC: D 1 Bathroom 1 Bathroom

Lichfield: 01543889410 Bloxwich: 01922 478104

LOT 39 LOT 42

Starting Bid: £110,000 Starting Bid: £50,000 7 Valley Road 27 Elgin Street Cradley Heath Shelton, Stoke-on-trent West Midlands Staffordshire B64 7LX ST4 2RD

Semi Detached House Garden Terraced House Rear Yard 3 Bedrooms No Upward Chain 3 Bedrooms uPVC Double Glazing 1 Reception Room EPC: D 1 Reception Room EPC: E 1 Bathroom 1 Bathroom

Halesowen: 0121 550 5400 Stoke: 01782 413580

13 14 26 27 LOT 43 LOT 46

Starting Bid: £80,000 Starting Bid: £95,000 21 Chartwell Road 33 Hawke Road Arleston Stafford Shropshire Staffordshire TF1 2LR ST16 1PZ

Semi Detached House No Chain Semi Detached House Rear Garden 3 Bedrooms Garage/Store 3 Bedrooms Off Road Parking 2 Reception Rooms EPC: D 2 Reception Rooms EPC: TBC 1 Bathroom 1 Bathroom

Wellington: 01952 256 272 Stafford: 01785 255800

LOT 44 LOT 47

Starting Bid: £95,000 Starting Bid: £95,000 11 Hartshill Avenue 14 Parkers Croft Road Oakengates, Telford Stafford Shropshire Staffordshire TF2 6AR ST17 4AJ

Semi Detached House Front & Rear Gardens Semi Detached House Courtyard to Rear 3 Bedrooms EPC: TBC 2 Bedrooms Local Amenities 2 Reception Rooms 2 Reception Rooms EPC: E 1 Bathroom 1 Bathroom

Wellington: 01952 641 242 Stafford: 01785 255800

LOT 45 LOT 48

Starting Bid: £150,000 Starting Bid: £115,000 121 Bhylls Lane 7 Midhurst Drive Castlecroft, Wolverhampton Hednesford Staffordshire Staffordshire WV3 8DZ WS12 4RF

Semi Detached House Enclosed Rear Garden Semi Detached House Off Road Parking 3 Bedrooms Driveway parking 4 Bedrooms Rear Garden 1 Reception Room EPC: TBC 2 Reception Rooms EPC: C 1 Bathroom 2 Bathrooms

Wolverhampton: 01902788188 Cannock: 01543469966

15 16 28 29 LOT 52 LOT 49 Starting Bid: £70,000 Starting Bid: £67,500 6 Millstone Avenue 2022 Bristol Road South Talke Rubery, Rednal Staffordshire West Midlands ST7 1LG B45 9JL

Semi Detached House Paved Parking Flat Garden 3 Bedrooms Read Garden 1 Bedroom EPC: C 2 Reception Rooms EPC: TBC 1 Reception Room EPC: TBC 1 Bathroom 1 Bathroom

Stoke: 01782 413580 Rubery: 01214533041

LOT 50 LOT 53 Starting Bid: £310,000 Starting Bid: £79,950 14 Barnard Road 37a Wilson Road Sutton Coldfield Oldbury West Midlands West Midlands B75 6AP B68 9JN

Detached House Garage Semi Detached House Rear Garden 3 Bedrooms Enclosed Garden 2 Bedrooms Off Road Parking 2 Reception Rooms EPC: TBC 2 Reception Rooms EPC: TBC 1 Bathroom 1 Bathroom

Quinton: 0121 421 7766 Sutton Coldfield: 0121 355 8828

LOT 51 LOT 54

Starting Bid: £195,000 Starting Bid: £110,000 Flat 2 58 Antrobus Road Clyde Court, Garrard Gardens, Sutton Coldfield Sutton Coldfield West Midlands West Midlands B73 5EJ B73 6DX

Semi Detached House EPC: TBC Flat Local Amenities 3 Bedrooms 2 Bedrooms EPC: TBC 2 Reception Rooms 1 Reception Room 1 Bathroom 1 Bathroom

Boldmere: 0121 321 3991 Sutton Coldfield: 0121 355 8828

18 17 30 31 LOT 58 LOT 55 Starting Bid: £80,000 Starting Bid: £95,000 The Barn, Brockton Hall Farm 1 Walter Scott Road Brockton, Shifnal Bedworth Shropshire Warwickshire TF11 9LZ CV12 9HD

CALL TO ARRANGE AN EARLY VIEWING, prior to full details Detached Bungalow Rear Garden being issued, so as not to miss out on this wonderful 2 Bedrooms Corner Plot opportunity. 1 Reception Room EPC: D 1 Bathroom

Shifnal: 01952 461999 Bedworth: 02476 490 011

LOT 56 LOT 59 Starting Bid: £62,500 Starting Bid: £50,000 1 Devon Road 17 Grinshill Flats Rubery, Rednal Severn Drive, Wellington West Midlands Shropshire B45 0NJ TF1 3JS

Flat Allocated Parking Flat Double Glazing 1 Bedroom First Floor Flat 1 Bedroom Gas Central Heating 1 Reception Room EPC: C 1 Reception Room EPC: C 1 Bathroom 1 Bathroom

Wellington: 01952 221200 Rubery: 01214533041

LOT 57 LOT 60

Starting Bid: £125,000 Starting Bid: £165,000 74 Van Diemans Road 9 Wrockwardine Road Wombourne Wellington Staffordshire Shropshire WV5 0DE TF1 3DA

Detached Bungalow Parking Facilities Semi Detached House Gas Central Heating 2 Bedrooms Conservatory 3 Bedrooms Detached Garage 1 Reception Room EPC: D 1 Reception Room EPC: TBC 1 Bathroom 1 Bathroom

Wellington: 01952 221200 Wombourne: 01902 326366

20 19 32 33 LOT 64 LOT 61 Starting Bid: £100,000 Starting Bid: £105,000 Trench Tavern, Trench Road 36 Taylor Road Trench, Telford Wolverhampton Shropshire West Midlands TF2 6NU WV4 6HP

A two bedroom house and tavern with Planning Permission. Semi Detached House Off Road Parking 3 Bedrooms Rear Garden 2 Reception Rooms EPC: C 1 Bathroom

Oakengates: 01952 620021 Wolverhampton: 01902 427 257

LOT 62 LOT 65 Starting Bid: £110,000 Starting Bid: £68,000 24 St. Michaels Road 13 Barrington Close Coventry Wolverhampton West Midlands West Midlands CV2 4EJ WV10 6AZ

End Terraced House Rear Garden Mid Terraced House Rear Garden 2 Bedrooms Ideal For Investors 3 Bedrooms Requires Updating 2 Reception Rooms EPC: E 1 Reception Room EPC: B 1 Bathroom 1 Bathroom

Wolverhampton: 01902 427 257 Coventry: 02476 552 255

LOT 63 LOT 66

Starting Bid: £99,950 Starting Bid: £20,000 Flat 14 Stockton Court 17 Water Lily Way Mason Street, Bilston Nuneaton West Midlands Warwickshire WV14 9SY CV10 7SJ

Flat No Upward Chain Terraced House No Upward Chain 1 Bedroom Communal Parking 2 Bedrooms Rear Garden 1 Reception Room EPC: C 1 Reception Room EPC: B 1 Bathroom 1 Bathroom

Nuneaton: 02476 344 566 Sedgley: 01902 686 868

22 21 34 35 LOT 67 CLIENT FEEDBACK THE AUCTION EXPERIENCE Starting Bid: £89,950 42 Norton Grange Norton Canes Staffordshire WS11 9QZ

Semi Detached House No Chain 3 Bedrooms Off Road Parking “Totally professional, good 1 Reception Room EPC: D 1 Bathroom advice and prompt action - well done” Cannock: 01543468846 S. LOONAT LOT 68

Starting Bid: £160,000 38 Gunner Lane Rubery, Rednal “Great communication West Midlands B45 9EX throughout - very helpful and informative. Knowledgeable Detached Bungalow Detached Garage 2 Bedrooms Rear Garden staff on process” 1 Reception Room EPC: C 1 Bathroom L. FABER

Rubery: 01214532106

““Great service - I was always kept in the loop,with weekly contact in the early stages, then almost every day up to exchange and completion ”

L. MALLINDER

23 36 37 ADVERTISEMENT SIGN UP to The West Midlands Property Auction

If you would like to sign up to our catalogue subscription service, please email [email protected].

You’ll receive email updates including auction date reminders, digital copies of our brochures, property promotions and links to useful resources if you’re interested in buying. Your advert Terms & Conditions here 5. If the Bidder wishes to withdraw or alter his instructions Telephone or Proxy Bidding or to attend the Auction to bid it is their responsibility to 1. A prospective buyer wishing to make a telephone or notify the Auctioneers in writing before the Auction. proxy bid (a “Bidder”) must complete, sign and date the form within this catalogue. 6. The Auctioneers shall not be liable for any failure to bid due to inadequate or unclear instructions being received Separate forms must be completed for each lot on which or for any other reason. The Auctioneers have absolute a bid is to be placed. discretion as to whether or not and in what manner to bid. Our large distribution network allows your 2. The form must be delivered to The Auction 7. The Bidder is deemed to have full knowledge business to be seen across the region, both in Department, 7 & 8 Diamond Court, Newcastle upon of the General and Special Conditions of Sale and the Tyne, NE3 2EN at least 24 hours prior to the start of the Notice to All Prospective Buyers herein. The Bidder is online and printed copies of this catalogue. Auction. also deemed to have full knowledge of any addendum produced by the Auctioneers at or prior to the Auction. 3. In the case of a telephone bid a member of the The Bidder is therefore advised to check whether any Auctioneers’ staff will attempt to contact the Bidder by relevant addendum has or will be produced but the Full A5 page £350 + VAT telephone before the lot in question is offered for sale. If Auctioneers will not be liable to the Bidder if he fails to so Half A5 page £200 + VAT contact is made the Bidder may compete in the bidding check. through the Auctioneers’ staff. However if telephone contact cannot be made or the connection is lost the Bidder hereby authorises the Auctioneers and their staff Contact our Marketing Department today to to bid on their behalf up to their maximum authorised bid for the lot in question. Remember! If you’re not planning to attend discuss advertising in any of our regional auction the auction, but would like to bid by proxy or 4. If the Bidder is successful the Bidder phone, you must fill and return the form in catalogues nationwide. hereby authorises the Auctioneers to sign the this catalogue or contact the West Midland Property Auction team to pre-register on: Memorandum of Agreement on their behalf. 0121 366 0539 0845 5193 126 [email protected] [email protected]

38 39 1. Glossary Modern Method of Auction Terms & Conditions (V3.1) This glossary applies to the auction conduct conditions and the sale conditions.

Reservation Fee Wherever it makes sense:

These conditions govern the conduct of “conditional” or “modern method” auctions operated by IAM Sold Limited • singular words can be read as plurals, and plurals as singular words; (Company or Auctioneer or us/we/our). • a ‘person’ includes a corporate body; All properties sold by auction using the Company website or by a physical auction which are expressed to be either a “conditional” or “modern method” auction are governed by these conditions. • words of one gender include the other genders;

A non-refundable reservation fee of 3.5 % subject to a minimum of £5,000 + VAT must be paid by the buyer • references to legislation are to that legislation as it may have been modified or re-enacted by the date of the auction immediately following the conclusion of the auction or acceptance of an offer. This must be paid by cleared funds to the or the contract date (as applicable); and Auctioneer who will issue an Acknowledgement of Reservation. • where the following words printed in bold type appear they have the specified meanings. Introduction These conditions have three main sections. Approved financial institution Any bank or building society that has signed up to the Banking Code or Business Banking Code or is otherwise 1. Glossary acceptable to us. This gives special meanings to some words used in the rest of the conditions. Auction The auction advertised as online or in the catalogue (as applicable). 2. The conduct of the auction This section regulates the conduct of the auction. If you bid for a property which is offered for sale by conditional Auction conduct conditions auction you do so on the basis that you accept them. The conditions so headed, including any extra auction conduct conditions. 3. Conditions of reservation If you win a conditional auction for a property you must sign a reservation form under which you agree to be bound by Auctioneers the conditions of reservation relevant to that property. The conditions are legally binding. The auctioneers of the auction.

Important notice A prudent buyer will, before bidding for a property: Buyer Information Pack The pack of documents relating to a property which is advertised online for conditional auction. • Inspect the Buyer Information Pack for the relevant property. Buyer • Have finance available for the fees, deposit and purchase price. The person who agrees to buy the property or, if applicable, that person’s personal representatives. If two or more are

• Carry out usual searches and make usual enquiries. jointly the buyer their obligations can be enforced against them jointly or against each of them separately.

• Take professional advice from a conveyancer and, in appropriate cases, a chartered surveyor and an accountant. Catalogue Any catalogue to which the conditions refer including any supplement to it. • Check the content of all available leases and other documents relating to the property. Condition • Check that what is said about the property in the Buyer Information Pack is accurate. One of the auction conduct conditions or sales conditions.

• Check whether VAT registration and election is advisable for commercial properties. Conditional auction A conditional or “modern method” of auction as described in these conditions. The conditions assume that the buyer has acted like a prudent buyer. If you choose to buy a property without Contract taking these normal precautions you do so at your own risk. The contract by which the seller agrees to sell and the buyer agrees to buy the property.

Online On our website or, where applicable, one of our accredited partner’s websites.

40 41 Property (b) offer each property for sale by conditional auction; Each separate property described in the catalogue or (as the case may be) online. (c) receive and hold reservation deposits (if applicable); Price The price that the buyer agrees to pay for the property. (d) receive reservation fees (if applicable);

Reservation Deposit (e) sign each reservation form on behalf of each seller; and A non-refundable deposit paid by the buyer to us to reserve a property. This deposit is used by the seller to pay our fees for conducting the conditional auction. (f) treat a reservation form as repudiated if the buyer fails to sign that reservation form or pay a reservation fee or reservation deposit (as applicable). Reservation Fee A non-refundable fee paid by the buyer to us to reserve a property. This is in payment of our fees for conducting the A2.2. Our decision on the conduct of the conditional auction is final. conditional auction. A2.3 We may cancel the conditional auction, or change the way in which a property is offered for sale. We may also Reservation Form combine or divide properties. A property may be sold or withdrawn from sale prior to the conditional auction. The form of contract which is to be signed by a buyer and by us (on behalf of the seller) reserving the property for sale by the seller to the buyer as further described in the conditions of reservation. A2.4 You acknowledge that to the extent permitted by law we owe you no duty of care and you have no claim against us for any loss. Seller The person selling the property. If two or more are jointly the seller their obligations can be enforced against them A3 Bidding and reserve prices jointly or against each of them separately. A3.1 All bids are to be made in pounds sterling exclusive of any applicable VAT. We (and us and our) The auctioneers. A3.2 We may refuse to accept a bid. We do not have to explain why.

You (and your) A3.3 All bids made online must comply with the terms and conditions which apply to use of our website or to the use of Someone who bids on an auction, whether or not a buyer. our partner’s websites (as applicable).

2. The Conduct of the Auction A3.4 if there is a dispute over bidding we are entitled to resolve it, and our decision is final.

A1 Introduction A3.5 Unless stated otherwise each property is subject to a reserve price (which may be fixed just before theproperty is offered for sale). If no bid equals or exceeds that reserve price the property will be withdrawn from the conditional A1.1 Words in bold type have specified meanings, which are defined in theGlossary . auction.

A1.2 Where a property is advertised for auction: A3.6 Where there is a reserve price the seller may bid (or ask us or another agent to bid on the seller’s behalf) up to the reserve price but may not make a bid equal to or exceeding the reserve price. You accept that it is possible that all (a) online, you have been given access to that auction only on the basis that you accept these auction conduct bids up to the reserve price are bids made by or on behalf of the seller. conditions; A3.7 Where a guide price (or range of prices) is given that guide is the minimum price at which, or range of prices (b) in a catalogue, you are only issued that catalogue on the basis that you accept these auction conduct within which, the seller might be prepared to sell at the date of the guide price. But guide prices may change. The conditions, last published guide price will normally be at or above any reserve price, but not always – as the seller may fix the final reserve price just before bidding commences. which govern our relationship with you and cannot be disapplied or varied by the sale conditions (even by a condition purporting to replace the whole of the Conditional Auction Conditions). They can be varied only if we agree. A4 The Buyer Information Pack and other information

A2 Our role A4.1 We have taken reasonable care to describe each property (either online or in a catalogue). The description of a property is based on information supplied by or on behalf of the seller. You need to check that the information is A2.1 As agents for each seller we have authority to: correct.

(a) prepare the catalogue (as applicable) from information supplied by or on behalf of each seller; A4.2 The description of a property and the Buyer Information Pack may change prior to the conditional auction and it is your responsibility to check that you have the correct versions.

42 43 R.1.3 These reservation conditions summarise the terms of the reservation form. A4.3 If we provide information, or a copy of a document, provided by others we do so only on the basis that we are not R2 Payment of reservation fee responsible for the accuracy of that information or document. R2.1 This condition applies where a reservation fee must be paid by you on winning a conditional auction for a A5 The reservation form property.

A5.1 A successful bid is one we accept as such (normally on the fall of the hammer or close of an auction online). R2.2 Conditional upon payment of the reservation fee and you signing the reservation form, the property shall This condition A5 applies to you if you make the successful bid for a property. be reserved to the buyer for the reservation period stated in that reservation form, this is the period in which time the buyer is to exchange contracts to purchase the property. A5.2 You are obliged to enter into a reservation form which obliges you to proceed to purchase the property at the price you bid plus VAT (if applicable). R3 Payment of reservation deposit

A5.3 You must: R3.1 This condition applies where a reservation deposit must be paid by you on winning a conditional auction for a property. (a) provide all information we reasonably need from you to enable us to complete the reservation form (including proof of your identity and address if required by us); R3.2 The reservation deposit is to be held by us and, following formal exchange of contracts for the sale and purchase of the property, transferred to the seller’s solicitors as part payment of the purchase price under the (b) sign the completed reservation form; and contract for the purchase of the property.

(c) pay the reservation fee or reservation deposit (as required by the reservation form). R4 Seller’s obligations

A5.4 If you do not we may either: R4.1 On the reservation form being signed and either reservation fee or reservation deposit being paid, the seller will grant to the buyer a period of exclusivity. (a) as agent for the seller treat that failure as your repudiation of the reservation form and offer the property for sale again. The seller may then have a claim against you for breach of contract; or R4.2 During the exclusivity period the seller agrees: (b) sign the reservation form on your behalf. (a) he or she has instructed us not to agree another reservation of the property; A5.5 Where a reservation deposit is paid, that reservation deposit: (b) not to encumber or deal with the title to the property; (a) is to be held by us as agent for the seller, but otherwise is to be held as stated in the reservation conditions; and (c) not to send, instruct or allow anyone else to send any contract for sale of the property to anyone other than the (b) must be paid in pounds sterling by cheque or by credit card, debit card or bankers’ draft made payable to us on an buyer’s solicitors; approved financial institution or by such other method of payment as we may notify to you. (d) to give such access to the property as may be reasonably required by any surveyor or valuer appointed by the A5.6 We may retain the reservation form signed by or on behalf of the seller until the reservation deposit or buyer; reservation fee (as applicable) has been received in cleared funds. (e) not to give access to any other person to view the property nor negotiate with anyone other than the buyer any A5.7 If you do not comply with your obligations under the reservation form then you are personally liable to comply terms for the sale of the property; with the obligations under the reservation form even if you are acting as an agent for the buyer. (f) to use all reasonable endeavours to proceed to a formal exchange of contracts within the exclusivity period; A5.8 Where the buyer is a company, you warrant that the buyer is properly constituted and able to buy the property. (g) to supply all documentation, information and authority to enable the seller’s solicitors to draft and negotiate the 3. Conditions of Reservation sale and purchase contract and do all work necessary to enable contracts for sale of the Property to be exchanged within the exclusivity period; R1 Introduction (h) to immediately instruct the seller’s solicitors to issue a contract for the sale of the property to the buyer’s R1.1 Words in bold type have specified meanings, which are defined in theGlossary . solicitors and to do all other work required to enable contracts for the sale of the property to be exchanged within the exclusivity period. R1.2 Where you win a conditional auction for a property you must sign a reservation form, which is a legally binding contract between the buyer and seller reserving the property for purchase by the buyer. R4.3 The seller may (but shall not be obliged to) grant an extension of the exclusivity period stated in the reservation form. Any such extension shall be confirmed in writing.

44 45 R6.3 The seller may terminate the reservation of the property with by written notice to the buyer if the buyer is in R5 Buyer’s obligations breach of the buyer’s obligations set out above.

R5.1 The buyer agrees: R7 Binding obligations

(a) to use all reasonable endeavours to proceed to a formal exchange of contracts within the exclusivity period; R7.1 These conditions of reservation must be read in conjunction with the reservation form applicable to a particular property. Where there is any conflict or inconsistency between these conditions and the provisions of an individual (b) to immediately instruct the buyer’s solicitors to investigate title to the property, negotiate the draft contract for the reservation form, the relevant provisions of the reservation form shall apply. purchase of the property, raise enquiries of the seller and any third parties about the property and do any other work required to enable contracts for the purchase of the property to be exchanged within the exclusivity period; R7.2 As these conditions and the reservation form comprises legally binding obligations on you, it is recommended you seek independent legal advice on these conditions and the reservation form before making any bid on a (c) to promptly: property.

(i) if the buyer intends to use a loan in connection with the purchase of the property, the buyer shall apply to the R8 Auctioneer relevant lender and complete all necessary documentation and do all such things as such lender may require to process the buyer’s application as soon as possible including the payment of any application fees; R8.1 You acknowledge and agree that we act as an agent of the seller and not in our own capacity.

(ii) if the buyer or the buyer’s mortgagee or lender requires that the property is surveyed and/or valued, the buyer R8.2 Save in the event of fraud or death or personal injury resulting from our negligence, neither the us nor any of our will use all reasonable endeavours to arrange for the survey and/or valuation to take place at the property as soon as group companies, affiliates, third party service providers, licensors, officers, directors or employees shall have any reasonably practicable including the payment of any valuation fee; liability of any nature howsoever arising in relation to these conditions or to any property.

(iii) keep the auctioneer and the seller’s solicitors advised of progress with the application for the loan;

(d) Within 5 working days of receiving draft contracts from the seller’s solicitor, the buyer must ensure that their nominated solicitor has raised initial enquiries in relation to the draft contract, in writing with the seller’s solicitor. If this has not been undertaken, the seller reserves the absolute right to re-offer the property for sale free of any obligation to the buyer. In this event the Reservation Fee is deemed non refundable.

(e) the date of completion shall be specified in the contract exchanged for the purchase of theproperty but such date shall be no later than the date being 28 days after the date of exchange of contracts and the buyer shall use all reasonable endeavours to complete the purchase of the property by such date;

(f) the buyer shall pay to the auctioneer the cost of the preparation of the Buyer Information Pack relating to the property;

(g) buyer has received the Buyer Information Pack (if applicable) and is ready willing and able to proceed with the purchase of the property;

(h) the buyer agrees that if contracts for the purchase of the property have not been legally and unconditionally exchanged within the exclusivity period the seller has the absolute right to re-offer the property for sale free of any obligation to the buyer.

R6 Termination of reservation

R6.1 The reservation form shall not be capable of termination by the seller or buyer during the exclusivity period except as specified below.

R6.2 On the expiry of the exclusivity period specified in thereservation form (or the expiry of any extension granted by the seller in writing) if the buyer has not exchanged contracts to purchase the property, the reservation of the property shall terminate at the discretion of the auctioneer.

46 47 WEST MIDLANDS 0121 366 0539 PROPERTY AUCTION www.westmidlandspropertyauction.co.uk iamsold

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