For sale by Modern Method of Auction: Starting Bid Price £160,000 plus reservation fee.
Excellent investment opportunity:
In need of some general updating this two bedroom second floor purpose built flat is an ideal investment opportunity or first time buy. Leasehold with 65 years remaining.
The property has an entrance hall which leads to an open plan kitchenette/living room. There is a double bedroom and a single bedroom along with a bathroom with vanity hand basin, bath and wc.
Makepeace Road is a quiet residential road situated closely to the A40 and local amenities plus transport links include the Central Line station and buses.
This property is for sale by the London and South East Property Auction, powered by iam-sold.
This property is for sale by the Modern Method of Auction which is not to be confused with Traditional auction. The Modern Method of Auction is a flexible buyer friendly method of purchase. We do not require the purchaser to exchange contracts immediately, but grant 28 days to achieve exchange of contracts from the date the buyers solicitor is in receipt of the draft contracts and a further 28 days thereafter to complete. Allowing the additional time to exchange on the property means interested parties can proceed with traditional residential finance. Upon close of a successful auction or if the vendor accepts an offer during the auction, the buyer will be required to put down a non-refundable reservation fee of 4.2% subject to a minimum of £6000 which secures the transaction and takes the property off of the market. The buyer will be required to sign an Acknowledgment of Reservation form to confirm acceptance of terms prior to solicitors being instructed. Copies of the reservation form and all terms and conditions can be found in the legal pack which can be downloaded for free from the auction section of our website or requested from our Auction Department.
Please note this property is subject to an undisclosed Reserve Price which is generally no more than 10% in excess of the starting bid. Both the starting bid and reserve price can be subject to change. Our primary duty of care is to the vendor. Terms and conditions apply to the Modern Method of Auction, which is operated by London and South East Property Auction, powered by iam-sold Ltd.
TO VIEW OR MAKE A BID PLEASE CONTACT LAWRENCE RAND OR VISIT www.iamsold.co.uk