Studio Flat For Sale £120,000
MyCastle is pleased to present this unique opportunity to purchase a ground-floor studio flat with its own private rear garden. The apartment has a shower room, a semi-open kitchen, a good-sized living/bedroom area, built-in storage, and access to the loft. It also has French doors that lead into the garden and the potential for expansion (stp)
The property is run by electricity only and has a 61-year lease remaining
The Studio is ideal for investors due to its short lease however would also be a great starter home. It is currently tenanted with an approx. Income of £977pcm and also benefits from no Chain.
Location
Abercorn cresent is ideally located just off Roxeth Green Avenue within a short walking distance to South Harrow High Street offering a range of shops, eateries, and pharmacies.
South Harrow Train Station (Piccadilly Line) 10 Min Walk
Harrow on the Hill (Metropolitan line and National Rail) 5 Min Drive
Supermarket stores such as Morrisons, Waitrose, Iceland and Sainsbury's all within a 5-10min drive Edit | Delete
Additional Information
Ground Floor
Studio Room
upvc double glazed window, electric radiator, cupboard housing washing machine, upvc double glazed door to garden Edit | Delete
Kitchen
kitchen comprising wall unit and range of base units with laminated worktops, single bowl single drainer sink unit with mixer taps, space for oven, space for fridge freezer, part tiled walls, wood effect laminate flooring
Shower Room
fully enclosed shower cubicle with electric shower unit, pedestal wash hand basin, low level WC, part tiled walls, double glazed window, wood effect laminate flooring
Rear Garden
mainly hard standing, enclosed panelled fencing, side access
Lease information
Current Valuation on a lease extension of 90 years at peppercorn ground rent is approximately between £20k to £22k.
Auctioneer comments
This property is for sale by the Modern Method of Auction. Should you view, offer or bid on the property, your information will be shared with the Auctioneer, iamsold Limited.
This method of auction requires both parties to complete the transaction within 56 days of the draft contract for sale being received by the buyers solicitor. This additional time allows buyers to proceed with mortgage finance (subject to lending criteria, affordability and survey).
The buyer is required to sign a reservation agreement and make payment of a non-refundable Reservation Fee. This being 4.2% of the purchase price including VAT, subject to a minimum of £6,000.00 including VAT. The Reservation Fee is paid in addition to purchase price and will be considered as part of the chargeable consideration for the property in the calculation for stamp duty liability. Buyers will be required to go through an identification verification process with iamsold and provide proof of how the purchase would be funded.
This property has a Buyer Information Pack which is a collection of documents in relation to the property. The documents may not tell you everything you need to know about the property, so you are required to complete your own due diligence before bidding. A sample copy of the Reservation Agreement and terms and conditions are also contained within this pack. The buyer will also make payment of £300 including VAT towards the preparation cost of the pack, where it has been provided by iamsold.
The property is subject to an undisclosed Reserve Price with both the Reserve Price and Starting Bid being subject to change.
Referral Arrangements
The Partner Agent and Auctioneer may recommend the services of third parties to you. Whilst these services are recommended as it is believed they will be of benefit; you are under no obligation to use any of these services and you should always consider your options before services are accepted. Where services are accepted the Auctioneer or Partner Agent may receive payment for the recommendation and you will be informed of any referral arrangement and payment prior to any services being taken by you.
The property is run by electricity only and has a 61-year lease remaining
The Studio is ideal for investors due to its short lease however would also be a great starter home. It is currently tenanted with an approx. Income of £977pcm and also benefits from no Chain.
Location
Abercorn cresent is ideally located just off Roxeth Green Avenue within a short walking distance to South Harrow High Street offering a range of shops, eateries, and pharmacies.
South Harrow Train Station (Piccadilly Line) 10 Min Walk
Harrow on the Hill (Metropolitan line and National Rail) 5 Min Drive
Supermarket stores such as Morrisons, Waitrose, Iceland and Sainsbury's all within a 5-10min drive Edit | Delete
Additional Information
Ground Floor
Studio Room
upvc double glazed window, electric radiator, cupboard housing washing machine, upvc double glazed door to garden Edit | Delete
Kitchen
kitchen comprising wall unit and range of base units with laminated worktops, single bowl single drainer sink unit with mixer taps, space for oven, space for fridge freezer, part tiled walls, wood effect laminate flooring
Shower Room
fully enclosed shower cubicle with electric shower unit, pedestal wash hand basin, low level WC, part tiled walls, double glazed window, wood effect laminate flooring
Rear Garden
mainly hard standing, enclosed panelled fencing, side access
Lease information
Current Valuation on a lease extension of 90 years at peppercorn ground rent is approximately between £20k to £22k.
Auctioneer comments
This property is for sale by the Modern Method of Auction. Should you view, offer or bid on the property, your information will be shared with the Auctioneer, iamsold Limited.
This method of auction requires both parties to complete the transaction within 56 days of the draft contract for sale being received by the buyers solicitor. This additional time allows buyers to proceed with mortgage finance (subject to lending criteria, affordability and survey).
The buyer is required to sign a reservation agreement and make payment of a non-refundable Reservation Fee. This being 4.2% of the purchase price including VAT, subject to a minimum of £6,000.00 including VAT. The Reservation Fee is paid in addition to purchase price and will be considered as part of the chargeable consideration for the property in the calculation for stamp duty liability. Buyers will be required to go through an identification verification process with iamsold and provide proof of how the purchase would be funded.
This property has a Buyer Information Pack which is a collection of documents in relation to the property. The documents may not tell you everything you need to know about the property, so you are required to complete your own due diligence before bidding. A sample copy of the Reservation Agreement and terms and conditions are also contained within this pack. The buyer will also make payment of £300 including VAT towards the preparation cost of the pack, where it has been provided by iamsold.
The property is subject to an undisclosed Reserve Price with both the Reserve Price and Starting Bid being subject to change.
Referral Arrangements
The Partner Agent and Auctioneer may recommend the services of third parties to you. Whilst these services are recommended as it is believed they will be of benefit; you are under no obligation to use any of these services and you should always consider your options before services are accepted. Where services are accepted the Auctioneer or Partner Agent may receive payment for the recommendation and you will be informed of any referral arrangement and payment prior to any services being taken by you.
