Flat
A one bedroom, top floor flat, with parking.
Situated in a modern purpose build block in a popular residential location and benefitting from double glazing and electric heating.
Well placed for local amenities as well as numerous Nature Reserves and parks. Excellent transport links with the A13 and M25 close by as well as Chafford hundred train station.
The auctioneers have not inspected the property internally but believe the floor plan shows an accurate layout, but all interested parties must rely on their own investigations.
An ideal potential buy to let investment with estimated rental value of £1000 per calendar month/£12,000 per annum, based on comparable evidence. Prospective buyers are advised to make all necessary independent enquiries prior to placing their bid as this will be binding.
Radiator, storage cupboard, loft access, secure entry intercom.
An L shaped room with two double glazed windows, two radiators and open archway through to kitchen.
With double glazed window, a range of matching base level and wall units, with built in oven and hob, extractor hood. Stainless steel sink and drainer, roll top worksurface and tiled splash backs.
Double glazed window and radiator.
Panel bath with mixer tap and overhead shower, wash hand basin, low flush wc and part tiled walls.
One allocated parking space.
We are informed that there is approximately 91 years remaining on the lease. The service charge is approximately £1169.50 per annum. Please see legal pack for more information. Ground Rent is a peppercorn. Curent service charge for the period 1.1.23 to 31.12.23 is £1,169.50 – no increase anticipated within the next 2 years.
Leasehold. Vacant possession upon completion.
91
£1,170
Auction Details
The sale of this property will take place on the stated date by way of Auction Event and is being sold as Unconditional with Variable Fee (England and Wales).
Binding contracts of sale will be exchanged at the point of sale.
All sales are subject to SDL Property Auctions Buyers Terms. Properties located in Scotland will be subject to applicable Scottish law.
Auction Deposit and Fees
The following deposits and non- refundable auctioneers fees apply:
• 5% deposit (subject to a minimum of £5,000)
• Buyers 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 Buyers 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.
