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No onward chain Nestled within the sought-after village of Wrington, this charming 2-bedroom end-of-terrace property offers a unique opportunity for those looking to create their dream home. Dating back to the 1800s, this home exudes character and heritage, coupled with the promise of modernisation to suit contemporary living needs.
Virtual tour. A charming detached two-bedroom bungalow nestled in the picturesque village of Wrington, located in the popular South Meadows area, and offered to the market with no onward chain. Built in the 1960s, this property has been modernised by the current owner and now boasts a delightful interior and sits within a generous plot that ...
Sep 20, 2024 · A charming detached two-bedroom bungalow nestled in the picturesque village of Wrington, located in the popular South Meadows area, and offered to the market with no onward chain. Built in the 1960s, this property has been modernised by the current owner and now boasts a delightful interior and sits within a generous plot that provides the option to extend subject to the relevant permissions.
- Detached bungalow in the rural village of Wrington
- The Problem with House Sale Chains…
- Will Your Buyer Move Forward If There Is An Onward Chain?
- Inherited Property
- Tenanted Property
- Property Investor / Professional Buyer Sales
- Auction Sales
- Repossessed Property Sales
- Part-Exchanged Sales
- Those with A Back Up Plan
When there’s a property chain, the transactions become interdependent and one ‘break’ potentially means the same for all involved. For example, let’s say Mr A agrees to sell to Ms B. Mr A plans to use the proceeds of sale to buy a property from Mr C who also needs to sell to be able to buy a property from Mr and Mrs D. In the diagram below, the flo...
If your property is under offer or sold subject to contractand you need the funds to buy another property, you may be worried about whether things will go ahead. Although no onward chains are preferable, there are several reasons why a buyer will not pull out… 1. The property being sold is perfect for them and they don’t want to lose it; 2. Similar...
People who have inherited a property or are currently going through probate often do not reside within it. This means that they simply wish to get the house sold and release any equity (which will not go towards the purchase of another).
Although selling a rented property with a tenant in situ has its own complications, most sellers are simply looking to receive the money locked into the value of the house. When the money goes into their bank account, it often stays there (for at least a little while), rather than straight into another property.
Professional investors who are accustomed to selling property regularly often have enough money in circulation. They will usually keep the funds from the sale and put it back to use when the time is right. This often means that there are no chain-related holdups (one sale does not depend on another). Our We Buy Any Houseservice, for example, would ...
As auction sales are effectively guaranteed at the point of exchange, the buyer is at major risk of losing the deposit if the completion doesn’t happen. The fact that there is an onward chain is irrelevant, as the buyer has a legal obligation to buy the property within the agreed timeline. There are also many professional homebuyers that head to au...
After a mortgage lender has taken back possession of a property (i.e. repossessioncannot be stopped), they are legally obliged to sell the property on the open market. There are no other ties other than to sell to the best buyer. The money will go towards clearing the mortgage loan debt and other liabilities, rather than towards buying another prop...
Properties that have been taken on by a developer due to the owner buying a new build property are unlikely to have any kind of involvement in a chain. Whilst they will want to sell as quickly as possible, the money will go back into their coffers (rather than to purchase another property).
We sometimes also come across people that would ideally like to sell their property first and use the proceeds to buy but have savings as well. In the worst-case scenario, these sellers can use this money to progress things. This gives the other parties in the chain reassurance that the sale should go ahead, regardless of what happens. One issue th...
Description. 2 Church Cottages is a characterful two bedroom cottage, set just off the triangle in Wrington, meticulously renovated over recent years it blends gorgeous original charm with smart modern refinements, in a delightful village setting next to the historic All Saints Church in Wrington. Approached via a smart gated stone pathway ...
15 School Road, Wrington, BS40 5PE Price: £250,000 • NO ONWARD CHAIN • Detached bungalow with separate garage • Two double bedrooms • Plentiful front and rear gardens • Perfect situation within Wrington • Walking distance to Wrington High Street and shops DESCRIPTION
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Jul 18, 2024 · 4 bedroom detached house for sale in Garstons Orchard, Wrington, Bristol. BS40 5LZ, BS40. Tap to open video. 1/21 1. SOLD STC. Garstons Orchard, Wrington, Bristol. BS40 5LZ. £435,000 Knowing the purchase price means you can work out the total cost of buying the property. Read more.
