58 Davidson Terraces Windsor Road, London, E7 0QT
- Conditional Online Auction Sale
- Bedrooms: 2
ONLINE AUCTION WITH THE GOTO GROUP FOR THIS TWO BEDROOM APARTMENT IN LONDON - E7
Tenure
LEASEHOLD
Description
The Property
Visit PURPLEBRICKS.CO.UK 25/7 to make arrangements to view!
Purplebricks take pride in being selected to exclusively market this two bedroom ex local authority apartment set within a popular leafy residential location in Forest Gate, East London.
The property presents an ideal opportunity for young professional first time buyers and investment purchasers looking to snap up an attractive investment acquisition.
Perfect for those would-be purchasers looking to stamp their own market on a property rich in potential, the flat boasts 700 square feet approx of accommodation and features double glazed windows, gas heating, generous built in interior storage and secured entry via intercom function.
This property also carries the huge advantage of being marketed with NO ONWARD CHAIN!
Location
Davidson Terraces, E7 stands enviably situated on the borders of thriving Forest Gate & Stratford!
Forest Gate has rapidly gained its reputation as a highly coveted residential pocket of East London. With its superb array of pubs, restaurants and contemporary cafes, delis, independent boutiques and general retail amenities, Forest Gate is ideal for young families and professionals alike.
The area is also popular due to the amount of green open parkland in the vicinity, with both West Ham Park and Wanstead Flats being conveniently accessible - providing plenty of options for pursuing recreational activities, picnicking with friends and family, dog walking or for simply whiling away the hours on a sunny summer’s day!
Transport wise, neighbouring Stratford is considered one of the major hubs outside the centre of town. Offering excellent connections to various parts of the city and beyond, Stratford Underground Station is served by the Central and Jubilee lines as well as the DLR. London Overground, TFL Rail and mainline links are also available including the Fenchurch Street-Southend 'C2C'. Stratford International Station is served by the high-speed Eurostar trains which provide direct links to Paris, Brussels, Amsterdam and a variety of other European destinations. Within the immediate vicinity, Forest Gate Elizabeth Line Station is positioned just around a 5 min walk away.
Stratford is famed for its shopping district, Westfield Stratford, Europe's largest urban shopping centre with over 250 shops, restaurants and bars! There also several other attractions in the local area, such as Queen Elizabeth Olympic Park, the distinctive ArcelorMittal Orbit Tower and The Theatre Royal, Stratford East.
Property ownership information
Leasehold - 125 years from 23/10/1995 which may effect the the ability to purchase the property with a mortgage or lending
Ground rent: £10,00 per year
Ground rent review period: No review period
Service charge review period: Every 1 year
Service charge: £949.00
Material information:
The information above has been provided by the vendor, agent and GOTO Group and may not be accurate. Please refer to the property’s Legal Pack. (You can download this once you have registered your interest against the property). This pack provides material information which will help you make an informed decision before proceeding. It may not yet include everything you need to know so please make sure you do your own due diligence as well.
EPC Rating
current 75 / 75 potential
Opening Bid and Reserve Price
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.
Comments
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 reserve the property to the buyer during the Reservation Period and are paid in addition to the purchase price and are considered within calculations for Stamp Duty Land Tax. 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.
If the vendor accepts an offer, the buyer will be required to make payment of a non-refundable reservation fee of £11,340 including VAT and a legal pack charge of £372 including VAT. This reserves the property for the buyer during the Reservation Period. 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 is in addition to the final selling price and is considered within calculations for Stamp Duty Land Tax.
All buyers will be required to verify their identity and provide proof of how the purchase will be funded.
Buyer's Administration Charge
If the Buyer Information Pack has been produced and provided by GOTO Group any successful purchaser will be required to pay the fee specified above towards the cost of the preparation of the pack. These can then be used by your solicitor to progress the sale.
Buyer Fees
There are no other fees or charges payable to the Auctioneer however, there are other costs to consider such as:
- You will need a Solicitor to act for you during the conveyancing and your Solicitor will advise you in relation to the associated costs. If you do not have a Solicitor, we can recommend the services of one of our Panel Solicitors who are all selected for their expertise in Auction Transactions. Please call the number below for more information.
- Stamp Duty Land Tax (SDLT) is applicable if you buy a property or land over a certain price in England, Wales or Northern Ireland. Please click here for more information.
Energy Performance Certificate (EPCs)
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.
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