This property is being sold through a modern method of auction with a starting bid price of £150,000. 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 a minimum of £6,600. Additionally, the buyer will need to go through an identification verification process with iamsold and provide necessary documentation. The reservation fee will be considered part of the chargeable consideration for the property in the calculation for stamp duty liability.