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Flat 6, Kingsmead Lodge, Heathcote Grove, London, E4 6RU

Lot no: 9 Sold at Auction for £235,000
 

Guide Price £220,000+ plus fees

ConditionalOn the fall of the hammer, the successful bidder will enter into a reservation agreement with the seller. This agreement confers an exclusivity period of 60-days on the successful bidder, in which to exchange contracts and complete the purchase. The non-refundable Reservation Fee will be payable to us immediately on the fall of the hammer, the amount of which will be stated on the property description. This fee does not contribute to the purchase price. The deposit will be payable later on exchange of contracts via your solicitor. You must make every effort to exchange contracts of sale and complete the purchase within the 60-day exclusivity period, unless the Special Conditions of Sale within the legal pack state otherwise.

Wednesday 31st March 2021

11.30am
Key Features
  • A two bedroomed self-contained apartment
  • Light and airy accommodation
  • Garage
  • Communal gardens
  • EPC Rating: D
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Sold at Auction for £235,000

Flat

Property Description:

A two bedroomed apartment situated within a purpose built building. The property benefits from a garage, entry phone system and communal gardens. The property has been well maintained and is bright and airy. The property benefits from having a reception hall with ample storage cupboards, fitted kitchen and lounge, two bedrooms and a bathroom with shower over.

Location:

Located on the popular Heathcote Grove, this 2 bedroom apartment is ideally situated surrounded by open green spaces and Epping Forest is close by whilst also being walking distance to an array of coffee shops, restaurants, bars and shops. Chingford station is only a short walk away and will get you directly into Liverpool Street in twenty five minutes. If its good schools you are looking for there is an excellent choice of local schools, with many primary/secondary's close by.

Lease:

The unexpired lease term is 136 years.

Note:

The buyers fee is £2,400 inc VAT, this is only payable if you are the successful purchaser. There is no cost to participating in the sale.

Rights of Way, Wayleaves, Easements, Restrictive Covenants Etc.

The site is sold subject to or with the benefit of any Rights of Way, Wayleaves, Easements, Restrictive Covenants, which may exist whether mentioned in these particulars or not. For further information in relation to these matters please refer to the legal pack.

Tenure:

Leasehold.



Auction Details:
The sale of this property will take place on the stated date by way of Auction Event and is being sold as Conditional with Reservation Fee (England and Wales).

Contracts of sale will not be immediately exchanged. As the successful buyer, you will enter into a 40 business-day exclusivity agreement with the seller, in which to exchange contracts and complete. Please refer to our Auction Conduct Guide for further information on our auction types and sale methods.

All sales are subject to SDL Property Auctions’ Buyers Terms. Properties located in Scotland will be subject to applicable Scottish law.

Auction Fees:
The following non- refundable auctioneers fee applies:
• Reservation Fee of 4.8% of the purchase price for properties sold for up to £250,000, or 3.6% of the purchase price for properties sold for over £250,000 (in all cases, subject to a minimum of £6,000 inc. VAT). For worked examples please refer to the Auction Conduct Guide.

The Buyer’s Fee does not contribute to the purchase price, however it will be taken into account when calculating the Stamp Duty Land Tax for the property (known as Land and Buildings Transaction Tax for properties located in Scotland), because it forms part of the chargeable consideration for the property.

There may be additional fees listed in the Special Conditions of Sale, which will be available to view within the Legal Pack. You must read the Legal Pack carefully before bidding.

Additional Information:
For full details about all auction methods and sale types please refer to the Auction Conduct Guide which can be viewed on the SDL Property Auctions’ home page.

This guide includes details on the auction registration process, your payment obligations and how to view the Legal Pack (and any applicable Home Report for residential Scottish properties).

Guide Price & Reserve Price
Each property sold is subject to a Reserve Price. The Reserve Price will be within + or – 10% of the Guide Price. The Guide Price is issued solely as a guide so that a buyer can consider whether or not to pursue their interest. A full definition can be found within the Buyers Terms.

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