top of page

Castletown, Portland, DT5

Guide Price £325,000

Property type

Tenure

Bedrooms

bed.png

Bathrooms

bath.png

Detached

Freehold

9

4

300x200.jpg

Key features

  • Development opportunity 

  • Close to beach 


Full description

This property is being sold by conditional online auction. Unlike a private treaty sale (i.e. private negotiated sale), the property will be sold via an online auction and at the end of the auction, the highest bidder and seller contractually commit to progress the sale (which remains subject to contract) within a specified period, giving both parties commitment and more certainty that the transaction will proceed.


To see the current highest bid price, auction end date or length of exclusivity period, or, to log in or register to bid, please visit the property page on the agent's own website.


The auction bidding window will end at the time and date stated on this property's page on the agent's website. At that point, a reservation fee will be paid by the highest bidder, giving them an exclusive period of time in which to exchange contracts and complete the transaction, during which the seller agrees not to take steps to sell the property to anyone else. 


The reservation fee is non-refundable and for this property is £6,500. Inclusive of VAT. Reservation Fees do not contribute towards purchase prices (or deposit payments), although they will be considered as part of the chargeable consideration for the property in the calculation of stamp duty liability.


Occasionally, the seller of the property may charge additional fees, listed in the Special Conditions of Sale, which will be available to view within the Legal Pack. We strongly recommend that you read the Legal Pack carefully before bidding and obtain independent legal advice, where necessary.


Contracts do not exchange immediately at the end of the auction period and can take place when you are ready, also allowing you time to raise a mortgage if you require one. The exclusivity period granted to the highest bidder is, however, time limited (note the length of this period will vary from property to property) and should you not exchange contracts and complete the transaction within this period, the seller shall be entitled to take steps to sell the property to a third party. The exclusivity period for this property is 28 days from the end of the auction.


 If you feel that you would require more time than this, please enquire with the agent before you place a bid, as the seller may be able to offer some flexibility.


Each property sold is subject to a reserve price - only offers in excess of the reserve price shall be accepted. The reserve price will be within 10% of the guide price. The guide price is provided as an indication so that a bidder can consider whether or not to pursue their interest.


All of our conditional online auctions are subject to our Bidder Terms, available at https://www.landmark.co.uk/wp-content/uploads/2023/03/Optimus-Bid-Bidder-Terms.pdf

NB – if you are interested in placing a bid for this property, you will need to register on the Auction Website via the link in the Bidding Window. There are several steps to complete for the registration including an ID check. It is recommended that you register asap to avoid disappointment but please note that bidder registration closes 24 hours before the end of the auction.

300x200_edited_edited.jpg

Location:

bottom of page