LEASEHOLD
The Property
This property is available chain free and can be purchased either in full or shared ownership (minimum share of 40% with an opportunity to staircase accordingly).
A very well presented first floor 2 double bedroom flat in a great part of town. The flat has the typical feel of a modern development - secure and clean. At almost 680sqft, there is plenty of 'elbow room' here and the property manages to have great proportions and a lovely balance of space. The open plan kitchen/reception leads to a private balcony at the rear of the building.
But the best bit is the area which has justifiably earned itself the reputation as a great place to live! In one direction you have some of the magnificent period buildings and roads that lead first up to Clapham High Street and then Clapham Old Town. And then in the other direction you have Stockwell and Brixton with their own unique feel!! The location is great as it is close enough to Central London for commuting/entertainment etc and is situated adjacent to a gym. The property benefits from very good transport links, being just a short walk from several stations including; Stockwell Underground Station (Victoria Line & Northern Line) and Clapham North Underground Station (Northern Line). Head towards the Wandsworth Road and you have a flagship Sainsbury’s, local restaurants and shops, and primary school are within a short walk as well as Central London/London Eye etc. This means it is suitable not just for those wanting to live in a great area, but also those needing to commute. There is plenty of green space, with Larkhall Park a stone's throw away, and Clapham Common nearby. In summary, a really good place to live and/or invest.
Lease info: 125 years from and including 24 June 2017
Property ownership information
Ground rent review period: No review period
Service charge review period: Every 1 year
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.
CURRENT 84/84 POTENTIAL
This property is offered for sale via the Reservation Fee Service which is a flexible and buyer friendly method of purchase. The purchaser will be given 90 working days in which to 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 Merchant 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 Merchant 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 Merchant.
If the vendor accepts an offer, the buyer will be required to make payment of a non-refundable reservation fee of £6,780 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.
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.