- Two bedrooms
- Purpose built block
- Modern flat
- 603 Sq.Ft.
- Buy-to-let opportunity
- Communal off-street parking
- Short walk to Barking Station
- Convenient for the A12 & A13
- 159 year lease
This property is for sale by conditional online auction.
Please visit the Keller Williams website and click 'Buy' then 'Property Auction'. In order to bid click 'Register' and verify your email, then do the following via the 'Dashboard':
. Join the watchlist
. Pass an ID check
. Enter your payment details
This property is a second floor flat in Barking and would be a good starter home for any First Time Buyer looking to get onto the property ladder, or an ideal purchase for investment into the rental market.
The flat is modern inside with a bright outlook. There is a contemporary Kitchen and Bathroom, carpets throughout, storage heating, part double glazing and communal off-street parking.
Kitchen: 3.30m x 1.99m (10'10" x 6'6")
Reception Room: 4.79m x 4.38m (15'9" x 14'4")
Bedroom One: 3.70m x 2.83m (12'2" x 9'3")
Bedroom Two: 2.75m x 2.09m (9'0" x 6'10")
Situated just a short walk to Barking Station and short drive to the A12 and A13, this flat is ideal for commuters and therefore a renter's dream, which is great news for any buy-to-let investors.
OTHER KEY INFORMATION
Length of lease: 159 years
Recent service charge: £1261.45
Ground rent: £10
Council tax band: B
EPC rating: 69 * C
The current owner previously let this property on a guaranteed rental scheme to the local authority. The current rental value for the property would be between £850 - £1050 per calendar month.
Tenure & Possession
The property is offered for sale leasehold with full vacant possession of all parts available upon completion of the purchase which will be scheduled to take place 28 days from the closing date of the online auction or earlier by agreement between the parties. The 28 days includes 20 days from the closing date to exchange contracts and a further 8 days maximum to complete.
Barking & Dagenham.
Viewers must notify the selling Agents, Keller Williams, of their intention to view, and provide full name, address, and contact details prior to viewing. All agreed viewings will then be unaccompanied, during daylight hours.
Method of Sale
The property will be offered for sale by online conditional auction.
The property will be offered for sale subject to an undisclosed reserve and the Vendors reserve the right through their Agents to bid up to and including the reserve price.
The Auction Pack, prepared by the vendor's solicitors, will be available to view online prior to the final auction date at https://www.kwukplus.com/onlineauction/
All prospective purchasers bidding through the online auction will be deemed to have bid for the property in the full knowledge of their contents and shall not raise any requisition or objection whatsoever thereafter.
The successful purchaser(s) will be liable to pay a "reservation fee" of 2% of the sale price (plus VAT)
All potential bidders are required to register online at https://www.kwukplus.com/onlineauction/ in order to view the legal documents and/or bid.
Consumer Protection Regulations
Whilst we endeavour to make our sales details accurate and reliable, if there is any point which is of particular interest to you, please contact the office and we will be pleased to confirm the position for you, particularly if you are contemplating travelling some distance to view the property.
Guide Price: An indication of the seller's current minimum acceptable price at auction. The guide price or range of guide prices is given to assist consumers in deciding whether or not to pursue a purchase. It is usual, but not always the case, that a provisional reserve range is agreed between the seller and the auctioneer at the start of marketing. As the reserve is not fixed at this stage and can be adjusted by the seller at any time up to the day of the auction in the light of interest shown during the marketing period, a guide price is issued. This guide price can be shown in the form of a minimum and maximum price range within which an acceptable sale price (reserve) would fall, or as a single price figure within 10% of which the minimum acceptable price (reserve) would fall. A guide price is different to a reserve price (see separate definition). Both the guide price and the reserve price can be subject to change up to and including the day of the auction.
Reserve Price: the seller's minimum acceptable price at auction and the figure below which the auctioneer cannot sell. The reserve price is not disclosed and remains confidential between the seller and the auctioneer. Both the guide price and the reserve price can be subject to change up to and including the day of the auction. * Leasehold Information - Number of years remaining on the lease: 159. Current ground rent and any review period - Ground rent: 10.00Per year. Review Period: 99 year(s). Current service charge and any review period - Service charge: 126145.00.Per year. Review Period: 1 year(s). * Council tax band: B