This property is being sold through a Modern Method of Auction, where the buyer and seller will complete the transaction within a 56-day reservation period. The buyer will be required to sign a reservation agreement and pay a non-refundable reservation fee of 4.5% of the purchase price, including VAT, which is subject to a minimum of £6,600 including VAT. This fee is paid in addition to the purchase price and is considered within the calculation for stamp duty. The buyer will also need to ensure that their lender is suitable for the property before bidding.