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Flat 1, 8 Huntingdon Court, Huntingdon Road, Leicester, Leicestershire LE4 9GF

Lot no: 113 Withdrawn Post
 

Guide Price £85,000+ plus fees

Unconditional with Fixed FeeOn the fall of the hammer, the successful bidder will be legally bound to purchase the property. The successful bidder must immediately exchange contracts and pay the applicable deposit and Buyer’s Fee stated on the property description, both of which are non-refundable. The deposit contributes to the purchase price. The Buyer’s Fee does not contribute to the purchase price. Completion must take place usually within 30 days, unless the Special Conditions of Sale within the legal pack state otherwise.

Wednesday 31st January 2024

10.00am
Key Features
  • Two Bedroom Apartment
  • UPVC double glazing and electric heating
  • Parking to rear
  • Popular location of Gipsy Road
  • Ideal Buy To Let
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Withdrawn Post

Ground floor flat

Property Description:

A spacious two bedroom apartment situated on the ground floor of this modern, purpose built block.

The property offers UPVC double glazing and electric heating but would benefit from some cosmetic modernisation.

There is residents parking to the rear.

Well placed for local amenities, road links and public transport.

An ideal potential buy to let investment with estimated rental value of £700 per calendar month/ £8,400 per annum, after modernisation (based on comparable evidence). Prospective buyers are advised to make all necessary independent enquiries prior to placing their bid as this will be binding.

Reception Hallway

With electric radiator, airing cupboard and doors to all rooms.

Lounge 4.57m x 3.40m

With laminate wood flooring, electric fireplace and window to front aspect.

Dining Kitchen 3.63m x 2.59m

With base and wall units, worktops with inset sink, space for appliances, further space for table and chairs and window to front.

Bedroom One 3.25m x 2.83m

With electric radiator and window to rear aspect.

Bedroom Two 3.25m x 2.03m

With electric radiator and window to rear aspect.

Bathroom

Havinglow flush w.c. wash hnad basin and panel bath with shower over.

Outside

Gardens to front and rear and residents parking to the back of the building.

Leasehold Information

The Lease is 125 years from 1 May 1994. The current Ground Rent is £32.75 each half year (£65.50 per year). The Current Service Charge is £510.91 each half year (£1021.82 per year). Any ground rent and service charge review periods will be confirmed in the lease documents within the legal pack.

Tenure:

Leasehold. Vacant possession upon completion.

Ground Rent

£66

Unexpired Years

95

Annual Service Charge

£1,022




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 Fixed Fee.

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 fee apply:

• 10% deposit (subject to a minimum of £5,000)

• Buyers Fee of £1,500 inc. VAT

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.