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2 bed Flat For Sale £210,000
Banstead Road, Caterham, Surrey CR3


Description
For sale by Conditional Online Auction

Two double bedroom ground floor maisonette with secluded rear garden and driveway. The property briefly comprises of: Spacious reception room, 13ft kitchen with built in appliances, two good size bedrooms and a white bathroom suite. The property also benefits from gas central heating via radiators and double glazed windows.

Situated in Caterham on the Hill which offers local shopping facilities, including Tesco store at the village, together with bus route, health centre, library, restaurants and pubs, whilst Caterham Valley has a wider range of shops, including two supermarkets and mainline station. The area is in close proximity to open countryside whilst the motorway network can be accessed via junction 6 off the M25 at Godstone.

Caterham main line station is just over a mile away and ensures an easy commute into London. Nestled just inside the M25, Gatwick Airport can also be reached in around 20 minutes. Well connected bus services are also available. Caterham is renowned for its fantastic restaurants and variety of shops, with the High Street and Church Walk both boasting numerous stores, from High Street brands to boutiques and furniture shops. Tesco is just a short walk away.

Several fantastic Primary schools are close by, alongside De Stafford Secondary School. Two of the country's best private schools, Woldingham and Caterham School, are also in the local area. EPC Rating D.

*Ground floor maisonette
*13ft Kitchen with built in appliances
*Spacious lounge
*Two bedrooms
*Driveway
*Garden

Entrance Hall

Radiator. Wood laminate flooring. Under stairs storage. Doors to;

Lounge (4.04m x 3.28m)

Double glazed window to rear. Double glazed door to rear leading to garden. Radiator. Coving.

Kitchen (4.04m x 1.78m)

Double glazed window to side. Double glazed door to rear. Fitted with a range of wall and base level units with complementary work surface over. Stainless steel sink/drainer unit. Built in electric oven and gas hob with extractor hood over. Space for fridge/freezer and washing machine. Radiator. Fully tiled walls. Ceramic tiled flooring.

Bedroom 1 (4.22m x 2.95m)

Double glazed window to front. Radiator. Two built in double wardrobes. Coving.

Bedroom 2 (2.9m x 2.67m)

Double glazed window front. Radiator. Coving.

Bathroom (2.84m x 1.65m)

Double glazed window to side and rear. Fitted with a white suite comprising: Panel enclosed bath with shower attachment, pedestal wash basin and low level W/C. Radiator. Part tiled walls. Ceramic tiled flooring. Boiler.

Rear Garden (14.33m x 7.37m)

Mainly laid to lawn. Patio area. Outside tap. Shed. Enclosed by fencing.

Tenure

See Legal Pack

Terms

Auction Method

The auction for this property will be conducted online through our online-bidding platform. This is a "Timed Auction", so there are no other lots being sold alongside this property. The timeslot for the auction is displayed on sdl Property Auctions' website. To view this, search for the property via their website, then click onto the property to view the property details. The time remaining to bid, and end date of the auction, is displayed on the page. You are required to undertake identity checks before you can be authorised to bid. You must also provide your payment details. If you do not provide this information, your registration will not be processed.
When you place your bid, you are deemed to have agreed to sdl Property Auctions' Buyers Terms (England & Wales) which are available to read on sdl Property Auctions' website.

Auction Type - Conditional With Reservation Fee

If you are the highest bidder when the auction for the property comes to an end, you will enter into a reservation agreement with the seller. You must then pay the applicable reservation fee. You will then have 40 business days within which to exchange contracts and complete the sale, unless the Special Conditions of Sale contained within the Legal Pack specify a different time limit. If you fail to do so, you may lose your reservation fee. During the 40-business day reservation period, the seller is not able to accept other offers.

Auction Fees

The following non-refundable fees apply:
Reservation Fee- payable immediately when the auction ends. This is calculated as a percentage of the actual purchase price of the property. Either:
(a) 4.8% (including VAT) of the purchase price, for properties up to and including £250,000
(b) 3.6% (including VAT) of the purchase price for properties sold for over £250,000
The Reservation Fee is subject always to a minimum of £6,000 (including VAT). The Reservation Fee does not contribute to the purchase price.
There may be additional fees listed in the Special Conditions of Sale, which will be available to view within the Legal Pack. You must read the Special Conditions carefully before bidding. Any additional fees are included at the seller's discretion, not on the instruction of sdl Property Auctions, and will be in addition to any fees payable to us. Sdl Property Auctions has limited control over the content of the Special Conditions of Sale.

Deposit

This property is listed under the Conditional with Reservation Fee sale method, therefore the deposit will be payable on exchange of contracts and executed via the solicitors. The amount to be paid will be listed in the Special Conditions of Sale.

Payment Method

When you register to bid, you will be prompted to provide your payment details to sdl Property Auctions. In the event that you are the winning bidder, your card will automatically be charged a proportion of the Reservation Fee. The payment will be calculated based on the guide price of the property, in line with the fee scale described above. Where the actual purchase price is higher than the guide price, you will be required to pay the difference immediately after the end of the auction, which can be paid by debit card or bank transfer. Payment by cash or cheque will not be accepted.

Example

You win the bid on a property with a guide price of £150,000, but the actual purchase price is £170,000. At this point your bid is successful you will be charged as follows:
Reservation fee of £7,200 – calculated as 4.8% of guide price - this will be charged immediately after the auction if you are the winning bidder.
As the actual purchase price amounted to £170,000, after the auction, you will be required to pay the following additional amounts on top of the initial payment:
£960 for Reservation Fee shortfall (£8160 due as 4.8% of actual purchase price)

Legal Pack

Before bidding, you must view the legal pack for the property. This is the collection of legal documents that apply to the sale. The documents will include but are not limited to: Special Conditions of Sale, title documents from the Land Registry and Energy Performance Certificate.
To view the legal pack, first search for the property on sdl Property Auctions' website, and click onto the property to view the property details. There will be a sub-heading "Legal Documents". Underneath this, you will be prompted to "Log in to view the legal documents". Follow this link, you will then be directed to create an account with Auction Passport to view the documents.
The legal pack can change at any time up until the auction starts so you must check for the most recent version of the legal pack. At the point of placing your bid, you are deemed to have read the legal pack in its entirety, including any changes. Failure to check for changes to the legal pack will not be a valid (truncated)

Special Conditions Of Sale

The property is sold subject to any Special Conditions of Sale. These are contractual conditions that are included by the seller of the property - they are not part of sdl Property Auctions' terms and conditions. The Special Conditions of Sale are legally binding. You are taken to have read and accepted these at the point of bidding, even if you have not done so. The Special Conditions of Sale are available to read in the legal pack.

Registration Process

To register to bid on the property, search for the lot on sdl Property Auctions' website. Click onto the property, follow the link to "Log in/register to bid", and you will then be directed to create an account with the online-bidding platform provider, eig.

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