Flat 4 Porchester House, Philpot Street, London, E1 2JF
- Conditional Online Auction Sale
- Bedrooms: 2
THE GOTO GROUP PRESENTS THIS TWO BEDROOM APARTMENT IN LONDON - E1
Tenure
LEASEHOLD
Description
The Property
Visit PURPLEBRICKS.COM anytime 24/7 to make arrangements to view!
Situated within the highly celebrated and much coveted Whitechapel area, Purplebricks take great pride in being chosen to exclusively market this outstanding two double bedroom purpose built apartment.
Forming part of a handsome red-brick mansion-style building, the property’s accommodation is arranged over two floors boasts around square feet in area.
The apartment comes with a well presented interior and is superbly appointed with a range of modern, high spec fixtures & fittings along with a smart, neutral finish.
The property is bright, airy and offers an uplifting feel throughout its interior. The apartment
has beautiful high ceilings throughout and a spacious lounge/diner with attractive three-light bay window.
Further benefits include a secured entrance with access via intercom facility, gas heating and a deep built in hallway storage cupboard.
For potential landlords, please note the proximity to the Royal London Hospital just around the corner, the City of London 10 minutes to the west and Queen Marys University 10 minutes to the east ensures almost garunteed and continued rental demand.
This property comes with the added advantage of being marketed with NO ONWARD CHAIN!
Location
The property stands enviably in the heart of London’s wonderfully eclectic E1 postcode district!
For the ease and convenience of commuters, the flat is situated around ¼ mile (5 min walk approx') of Whitechapel Station (District, Hammersmith & City & London Overground). Stepney Green Tube as well as Shadwell DLR/Overground stations also lie only around 1/2 mile away (10 minute walk approx'). The recent arrival of the much-heralded Elizabeth Line to the local area has made access across Central London and to Heathrow Airport be even quicker!
The property’s favourable location means that you will have some of London's globally renowned cultural, culinary and social hotspots at your convenient disposal. Whether you're in the mood for the vibrant diversity of Brick Lane and Columbia Road, or the bright lights and bustle of the City and West End, or maybe even some of the trendy hang-outs synonymous with the Shoreditch and Old Street areas, there really is something for everyone and access to all of this could hardly be easier!
Some local attractions within the immediate vicinity include Stepney City Farm, Brick Lane, Whitechapel Art Gallery, the Genesis Cinema, Stepney Park, the Blind Beggar Pub as well as the world famous Rinkoff bakery.
Property ownership information
Ground rent review period: No review period
Service charge review period: Every 123 years
Lease Information 189 Year Lease from 25th March 1980
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 73|Potential 80
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 £12,600 including VAT and a legal pack charge of £396 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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