Ground floor flat
Freehold investment opportunity
A vacant one bedroom ground floor apartment with its own private garden including the freehold of the whole building.
Situated in a highly popular location close the the amenities within Penge and Sydenham. Numerous train and tube stations and within easy reach of Crystal Palace Park.
The freehold of the building is included in the sale. There is a further flat to the first floor which has been sold on a long leasehold basis.
We believe the property benefits from gas central heating and UPVC double glazing and comes with its own, private, rear garden.
An ideal first time buy or excellent buy to let opportunity with estimated rental value of £1250 pcm / £15,000 per annum.
Hallway, Lounge, Breakfast Kitchen, Inner Hallway, Bedroom, Bathroom
Enclosed rear garden which is mainly laid to lawn.
We are informed that there is presence of Japanese Knotweed to the rear garden.
Please be advised that the auctioneers have not personally inspected the property. Prospective buyers are advised to make a viewing enquiry and any other necessary independent enquiries before placing their bid, as this will be binding.
O2, EE, Three and Vodafone are available in this location.
BT, Sky and Virgin are available in this location.
Standard 15 mbps. Superfast 64 mbps. Ultrafast 1000 mbps
Solid brick, as built, no insulation (assumed) Information taken from EPC
River and Sea - Negligible<br>Surface Water - High<br>Groundwater - Negligible
Freehold. See legal pack.
- Heating Supply: Double Glazing, Gas Central
- Electric Supply: Mains Supply
- Water Supply: Mains Supply
- Sewerage Arrangements: Mains Supply
On Street
Auction Details
The sale of this property will take place on the stated date by way of Auction Event and is being sold under an Unconditional sale type.
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 (subject to a minimum of £6,000 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.
