A substantial property with 5 bedroom and attached barn. On a river side location with long last views and only 10 minutes gentle walk to town.
The Old Pump House was built at the beginning of the 20th Century as the pumping station for Llandrindod Wells and closed in the 1950s. It was converted to a residential property in the 1980s. Although not a listed building, it has retained some interesting features and is of local historical interest.
The Old Pump House has magnificent views of the River Ithon , water meadows and the Radnor hills. This property includes approximately 180â€™ of riverbank which is a designated SSI (site of Special Scientific Interest) and is rich in flora and fauna.
Although providing the lifestyle, peace and quiet of a rural property, it is only a ten minute walk into the centre of Llandrindod Wells which is a pleasant market town with good transport links and recreational facilities.
The auction for this property will be conducted online through our online-bidding platform. This is a â€œTimed Auctionâ€, so there are no other lots being sold alongside this property.
The timeslot for the auction is displayed on SDL Property Auctionsâ€™ website. To view this, search for the property via their website, then click onto the property to view the property details. The time remaining to bid, and end date of the auction, is displayed on the page.
You are required to undertake identity checks before you can be authorised to bid. You must also provide your payment details. If you do not provide this information, your registration will not be processed.
When you place your bid, you are deemed to have agreed to SDL Property Auctionsâ€™ Buyers Terms (England & Wales) which are available to read on SDL Property Auctionsâ€™ website.
Auction type- Conditional with Reservation Fee
If you are the highest bidder when the auction for the property comes to an end, you will enter into a reservation agreement with the seller. You must then pay the applicable reservation fee. You will then have 40 business days within which to exchange contracts and complete the sale, unless the Special Conditions of Sale contained within the Legal Pack specify a different time limit. If you fail to do so, you may lose your reservation fee. During the 40-business day reservation period, the seller is not able to accept other offers.
The following non-refundable fees apply:
â€¢ Reservation Fee- payable immediately when the auction ends. This is calculated as a percentage of the actual purchase price of the property. Either:
(a) 4.8% (including VAT) of the purchase price, for properties up to and including £250,000
(b) 3.6% (including VAT) of the purchase price for properties sold for over £250,000
The Reservation Fee is subject always to a minimum of £6,000 (including VAT). The Reservation Fee does not contribute to the purchase price and will be considered as part of the chargeable consideration for the property in the calculation of stamp duty liability.
There may be additional fees listed in the Special Conditions of Sale, which will be available to view within the Legal Pack. You must read the Special Conditions carefully before bidding. Any additional fees are included at the sellerâ€™s discretion, not on the instruction of SDL Property Auctions, and will be in addition to any fees payable to us. SDL Property Auctions has limited control over the content of the Special Conditions of Sale.
This property is listed under the Conditional with Reservation Fee sale method, therefore the deposit will be payable on exchange of contracts and executed via the solicitors. The amount to be paid will be listed in the Special Conditions of Sale.
When you register to bid, you will be prompted to provide your payment details to SDL Property Auctions. In the event that you are the winning bidder, your card will automatically be charged a proportion of the Reservation Fee. The payment will be calculated based on the guide price of the property, in line with the fee scale described above. Where the actual purchase price is higher than the guide price, you will be required to pay the difference immediately after the end of the auction, which can be paid by debit card or bank transfer. Payment by cash or cheque will not be accepted.
Example: You win the bid on a property with a guide price of £150,000, but the actual purchase price is £170,000. At this point your bid is successful you will be charged as follows:
â€¢ Reservation fee of £7,200 â€“ calculated as 4.8% of guide price- this will be charged immediately after the auction if you are the winning bidder.
As the actual purchase price amounted to £170,000, after the auction, you will be required to pay the following additional amounts on top of the initial payment:
â€¢ £960 for Reservation Fee shortfall (£8160 due as 4.8% of actual purchase price)
Before bidding, you must view the legal pack for the property. This is the collection of legal documents that apply to the sale. The documents will include but are not limited to: Special Conditions of Sale, title documents from the Land Registry and Energy Performance Certificate.
To view the legal pack, first search for the property on SDL Property Auctionsâ€™ website, and click onto the property to view the property details. There will be a sub-heading â€œLegal Documentsâ€. Underneath this, you will be prompted to â€œLog in to view the legal documentsâ€. Follow this link, you will then be directed to create an account with Auction Passport to view the documents.
The legal pack can change at any time up until the auction starts so you must check for the most recent vers
Special Conditions of Sale
The property is sold subject to any Special Conditions of Sale. These are contractual conditions that are included by the seller of the property - they are not part of SDL Property Auctionsâ€™ terms and conditions. The Special Conditions of Sale are legally binding. You are taken to have read and accepted these at the point of bidding, even if you have not done so. The Special Conditions of Sale are available to read in the legal pack.
To register to bid on the property, search for the lot on SDL Property Auctionsâ€™ website. Click onto the property, follow the link to â€œLog in/register to bidâ€, and you will then be directed to create an account with the online-bidding platform provider, EIG.
Video Viewings:If proceeding without a physical viewing please note that you must make all necessary additional investigations to satisfy yourself that all requirements you have of the property will be met. Video content and other marketing materials shown are believed to fairly represent the property at the time they were created.