*** NO CHAIN SALE *** A Well-appointed One Bedroom Mid-Floor Apartment, ideally located just moments away from an abundance of shops and amenities at Romford Shopping Centre. Romford Station (Elizabeth Line) is also close by, for quick access to Stratford (Westfields) and the City of London.
This property boasts a lovely modern feel, benefitting from one good sized bedroom with built-in wardrobe, a beautiful high-spec open-plan kitchen with integrated appliances, a separate utility area and a good-sized living area with a separate bathroom/wc which is fitted out to a high standard. The flat benefits from a Long 995 Year Lease, making this property an ideal First Time Purchase or Buy to Let Investment.
Location: The property is situated close to Romford Town Centre which is a vibrant shopping, business, leisure and entertainment centre. You will find a great choice of shops, restaurants and cafés across the town shopping centres, along with the traditional outdoor market. Romford's Sapphire Ice & Leisure offers a fantastic range of activities. Along with the ice rink, you can also enjoy their state-of-the-art gym, two swimming pools and dance studios. The property is just a short walk to Romford Main Line Railway Station (Crossrail/Elizabeth Line and Distract Line).
Viewings can be booked and confirmed instantly 24/7 via the Purple Bricks website or by Clicking on the Brochure Tab at the bottom of this Advert.
Property ownership information
Ground rent : £199 Per annum
Service charge: Averaging £1,200 per annum
Lease end date: 01/01/3018
CURRENT 68/68 POTENTIAL
This Property is subject to an undisclosed Reserve Price which in general will not be 10% more than the Opening Bid. The Reserve Price and Opening Bid can be subject to change. The Online Auction terms and conditions apply.
This property is offered for sale via Online Auction which is a flexible and buyer friendly method of purchase. The purchaser will not be exchanging contracts on the fall of the virtual hammer, but will be given 56 working days in which to exchange and complete the transaction from the date the Draft Contract is issued by the sellers solicitor.
By giving a buyer time to exchange contracts on the property, normal residential finance can be arranged. The Buyer’s Premium secures the transaction and takes the property off the market. Fees paid to the Auctioneer may be considered as part of the chargeable consideration for the property and be included in the calculation for stamp duty liability. Further clarification on this must be sought from your legal representative.
The buyer will be required to give the Auctioneer authority to sign the Reservation Form on their behalf and to confirm acceptance of the Terms and Conditions prior to solicitors being instructed. Copies of the Reservation Form and all Terms and Conditions can be found in the Information Pack which can be downloaded from our website or requested from our Auctioneer.
Upon close of a successful auction, or if the vendor accepts an offer during the auction, the buyer will be required to make payment of a non-refundable Buyer's Premium of £8,100 including VAT, plus a buyer's administration charge of £372 including VAT, a total of £8,472. This secures the transaction and takes the property off the market. Any additional fees and charges over and above this will be confirmed within the terms and conditions available on the website.
The Buyer's Premium and buyer's administration charge are in addition to the final negotiated selling price.
All buyers will be required to verify their identity and provide proof of how the purchase will be funded.
If the Buyer Information Pack has been produced and provided by GOTO Group any successful purchaser will be required to pay £372.00 (including VAT) towards the cost of the preparation of the pack. These can then be used by your solicitor to progress the sale.
There are no other fees or charges payable to the Auctioneer however, there are other costs to consider such as:
An EPC is broadly like the labels provided with domestic appliances such as refrigerators and washing machines. Its purpose is to record how energy efficient a property is as a building. The certificate will provide a rating of the energy efficiency and carbon emissions of a building from A to G, where A is very efficient, and G is inefficient. The data required to allow the calculation of an EPC includes the age and construction of the building, its insulation and heating method. EPCs are produced using standard methods with standard assumptions about energy usage so that the energy efficiency of one building can easily be compared with another building of the same type. The Energy Performance of Buildings Directive (EPBD) requires that all buildings have an EPC when they are marketed for sale or for let, or when houses are newly built. EPCs are valid for 10 years, or until a newer EPC is prepared. During this period the EPC may be made available to buyers or new tenants.
By setting a proxy bid, the system will automatically bid on your behalf to maintain your position as the highest bidder, up to your proxy bid amount. If you are outbid, you will be notified via email so you can opt to increase your bid if you so choose.
If two of more users place identical bids, the bid that was placed first takes precedence, and this includes proxy bids.
Another bidder placed an automatic proxy bid greater or equal to the bid you have just placed. You will need to bid again to stand a chance of winning.