Property Details

Check out this one bedroom first-floor flat in the popular area of L20.

Guide Price £10,000 – £20,000.

It requires some improvements but offers so much potential. Flats in the area are offered for rent at between £500 and £525 pcm.

This could be a potential investment that could generate over 60% yield.

EPC Rating – C

Note
Prospective buyers are advised to make all necessary independent enquiries prior to placing their bid as this will be binding.

Leasehold Information
Any ground rent and service charge review periods will be confirmed in the lease documents within the legal pack.

Draft Sales Details
These sales details are awaiting vendor approval.

Tenure:
Leasehold. Vacant possession upon completion.

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.

We are fully regulated/members of the leading industry professional bodies including:

ARLA Propertymark – the UK’s foremost professional body for letting agents.

NAEA Propertymark – the UK’s leading professional body for estate agency personnel.

TPOS The Property Ombudsman – the UK’s leader for property dispute resolution.

MyDeposits Scheme – the only scheme authorised to operate in England, Wales, Scotland, Northern Ireland and Jersey.

EPC Cerfiticate