This property is being sold through a traditional online auction, where the exchange will occur when the online timer reaches zero, provided the seller's reserve price has been met or exceeded. The guide price is an indication of the seller's minimum expectation, but the property will not be sold for less than the reserve price, which is set no more than 10% above the guide price. The winning buyer will be legally obliged to purchase the property at the final price, which includes a buyers premium of £3,600 (including VAT) and £1,400 payable towards the purchase price. Additionally, the buyer will pay £300 to the seller on completion.