This property is being sold through a modern method of auction, where the buyer's and seller's personal data will be shared with IAM-Sold Ltd, the auctioneer. The buyer is required to complete the transaction within a 56-day reservation period and must ensure that the property is suitable for a mortgage before bidding. The buyer will 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 factored into the calculation for stamp duty.