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 is met or exceeded. The guide price is an indication of the seller's minimum expectation, but the property will not be sold below the reserve price, which is set no more than 10% above the guide price. The winning buyer will be charged a buyers premium of £3,600 (including VAT) and £1,400 towards the purchase price, making a total of £5,000. Additionally, the buyer will need to pay Stamp Duty Land Tax or Land and Buildings Transaction Tax if applicable.