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, with a minimum payment of £6,600 including VAT. This fee will be added to the purchase price and considered part of the chargeable consideration for the property, affecting the stamp duty liability. Additionally, buyers will need to undergo an identification verification process with iamsold and provide relevant documentation.