6 bed detached house for sale

Sailors Bank, Lower Broadheath, Worcester WR2

Currently arranged as four individual flats with approved planning permission for conversion into a single dwelling. The property offers exceptional scope for redevelopment, multi-generational living, commercial adaptation or mixed-use potential, subject to any necessary consents.

Description

• Substantial detached property, extending to approximately 3,767 sq ft.

• Approved planning for conversion into a substantial single dwelling.

• Flexible opportunity suited to redevelopment, investment or owner-occupation.

• Potential for residential, office or mixed-use applications, subject to the necessary consents.

• Generous off-road parking and low-maintenance gardens, conveniently positioned for Worcester city centre and major transport links.

Agent Note
Please note that the vendor of this property is a relative of an employee of Andrew Grant. The property is currently held under a single title, as shown within the outlined boundaries. It is proposed that Mariners will benefit from its own separate access and driveway arrangement upon sale. The two additional adjoining flats may also be available by separate negotiation. Further information is available upon request.

Location

Lower Broadheath offers a balance of countryside surroundings and everyday convenience, with a range of local amenities including a village shop, post office, primary school and public houses. Worcester city centre lies approximately ten minutes away by car, providing an extensive range of retail, dining and cultural facilities. The area is also well connected via the M5 motorway and Worcester’s railway stations, offering access to Birmingham, Cheltenham and further afield.

Services

The property benefits from mains gas electricity water and drainage.

Each property is separately assessed for Council Tax and falls within Band A.

Broadband Speed: Superfast broadband available. Download speeds up to 80 Mbps and upload speeds up to 20 Mbps source: Ofcom checker.

Mobile Coverage: Likely available from EE Three Vodafone and O2 source: Ofcom checker.

Flood Risk Long-term forecast: According to the Environment Agency’s long-term flood risk data the property is currently at very low risk for river and surface water flooding.

Fees

Reservation Fee - refundable on exchange

A reservation fee, refundable on exchange, is payable prior to the issue of the Memorandum of Sale and after which the property may be marked as Sold Subject to Contract. The fee will be reimbursed upon the successful Exchange of Contracts.

The fee will be retained by Andrew Grant in the event that you the Buyer withdraws from the purchase or does not Exchange within 6 months of the fee being received other than for one or more of the following reasons:

1. Any significant material issues which individually are more than 1% of the agreed purchase price and are highlighted in a survey and were not evident or drawn to the attention of you, the Buyer, prior to the Memorandum of Sale being issued.
2. Serious and material defect in the seller’s legal title.
3. Local search revealing a matter that has a material adverse effect on the market value of the property that was previously undeclared and not in the public domain.
4. The vendor withdrawing the property from sale.

The reservation fee will be 0.5% of the accepted offer price for offers below £800,000 and 1% for offers of £800,000 or over. This fee, unless specified otherwise, is payable upon acceptance by the vendor of an offer from a buyer and completion of an assessment of the buyer’s financial status and ability to proceed.

Should a buyer’s financial position regarding the funding of the property prove to be fundamentally different from that declared by the buyer when the Memorandum of Sale was completed, then the Vendor has the right to withdraw from the sale and/or the reservation fee retained. For example, where the buyer declares themselves as a cash buyer but are in fact relying on an unsecured sale of their property. The reservation fee will not be refunded where there is an inability on the part of the Buyer to raise any required mortgage after the Memorandum of Sale is completed.

Once the reservation fee has been paid, any renegotiation of the price stated in the memorandum of sale for any reason other than those covered in points 1 to 3 above will lead to the reservation fee being retained. A further fee will be levied on any subsequent reduced offer that is accepted by the vendor. This further fee will be subject to the same conditions that prevail for all reservation fees outlined above.

Compliance and Verification Fee

A Compliance and Verification Fee of £85 plus VAT (£102 inc VAT) per individual purchaser or related party requiring anti-money laundering, identity, source and proof of funds or financial verification checks is payable upon acceptance of an offer and receipt of the reservation fee.

This fee represents the cost of compliance administration and verification services undertaken in connection with the proposed purchase including anti-money laundering checks, sanctions screening, source of funds verification, proof of funds checks and associated compliance procedures.

The Compliance and Verification Fee shall be deducted from the reservation fee monies held by Andrew Grant.

No compliance or verification work shall be commenced until the reservation fee has been received in cleared funds.

The Compliance and Verification Fee becomes due immediately upon acceptance of the offer and receipt of the reservation fee and shall become non-refundable once any compliance or verification work has commenced, irrespective of whether the transaction subsequently proceeds to Exchange of Contracts or completion.

Where all or part of the reservation fee is refundable under the reservation fee terms, any Compliance and Verification Fees incurred shall first be deducted from the monies returned.