113 Brookscroft Road, London, E17 4JP
- Conditional Online Auction Sale
- Bedrooms: 2
The Property ***Attention all project enthusiasts! Modern Method Auction***
Description
This two-bedroom ground-floor flat is now available for viewing and offers an exciting opportunity to create your dream home. While the property requires a complete refurbishment and a lease extension, its fantastic potential is undeniable.
Inside, the flat features two well-proportioned bedrooms, a family bathroom, and a kitchen, providing a solid foundation for you to personalize and reimagine. The highlight is undoubtedly the generously sized mature garden, offering a private outdoor oasis perfect for entertaining, gardening, or simply unwinding after a long day.
Lease info: 99 years from 25 March 1982 which may affect the ability to purchase the property with a mortgage or lending.
(29.05.1985) Short particulars of the lease(s) (or under-lease(s)) under which the land is held:
Date : 4 April 1985
Term : 99 years from 25 March 1982
Rent : £50 rising to £150 and insurance rent
With some creative vision and renovation, this property could be transformed into a stunning home tailored to your tastes.
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.
Location
Located in the vibrant neighbourhood of Walthamstow, Brookscroft Road presents an ideal setting for families and professionals alike, combining community charm with urban convenience. The area is renowned for its family-friendly atmosphere, boasting a variety of highly regarded local schools within easy reach, making it a prime choice for those prioritizing education.
Nature enthusiasts and active families will appreciate the abundance of nearby parks and green spaces, perfect for leisurely strolls, outdoor activities, or simply unwinding in a tranquil setting. Complementing this are Walthamstow’s distinctive amenities, including a rich selection of independent cafes, trendy eateries, and boutique shops that lend the area its unique character and vibrant local culture.
Brookscroft Road is exceptionally well-connected, with excellent transport options that make commuting to central London and beyond a breeze. Whether by car or public transport, residents can easily access key destinations, enhancing the appeal of this sought-after location. Its blend of connectivity, amenities, and community feel makes it an attractive choice for a diverse range of residents.
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 £10,260 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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