1 bed Flat For Sale £68,000
1 bedroom flat, 29A Gordon Road, Southend on Sea, Essex SS1 1NJ
Overview
Hammer Price Homes are delighted to present for sale by online auction this 1 bedroom first floor flat in Southend on Sea. The property has a short lease (52 years remaining) and as such is deemed unmortgageable, for this reason this auction is open to cash buyers only.
The property briefly comprises: To the first floor is an entrance hallway leading to a living room, kitchen, bedroom, bathroom and separate W.C.
Please see the other information section regarding the short lease and ground rent / service charges.
The property is sold as seen and is open for cash buyers only. There will be no grounds to withdraw from the sale with a return of the reservation fee citing issues around the condition of the property or for anything to do with the short lease / lease extension.
To view the property please visit the Hammer Price Homes website, register as a buyer and book in for a viewing.
Location
The property is very well located, situated in the heart of Southend-on-Sea. The town centre is a short walk away, boasting amenities such as 2 large shopping centres and a range of eateries and supermarkets. The property is also conveniently located next to two train stations, Southend Central and Southend Victoria, both of which can be used to get to London, at just under an hour away.
Special Conditions
This auction is strictly open for cash buyers only as due to the short lease the property is considered unmortgageable. You will not be able to withdraw from the purchase with a return of the reservation fee citing issues around financing the property, for any reasons concerning the short lease / lease extension, or for any reasons around the general condition of the property.
Other Information
Tenure – Short lease with 52 years remaining (99 years from 24th October 1975)
Lease - Please see a copy of the lease which is available to download from the Hammer Price Homes website.
Freeholder – sharp Commercial Limited (Hockley). Please be advised that the LPE1 form is available for download from the Hammer Price homes website. Any outstanding balances for service charges / Insurance/ ground rent will be settled by the current owners for up to completion.
Ground rent – £25 per annum
Service charge – Nil
Insurance – Insurance is organised by the freeholder and billed to the leaseholder annually, cost for 2022 – 2023 is around £350.
Lease Extension – Please note that the new buyer will be responsible for extending the lease if they wish to do so post completion. Please do your own research as to what an extension may cost.
The vendors solicitor has advised that they will be willing to issue the section 42 and pass the rights over to the buyer if the buyer wishes. The buyer will be responsible for the vendor’s associated legal costs for issuing the section 42.
Auction Details
** Open for cash buyers only. 90 days to complete**
Please note that there is a Reservation fee (3% Inc. VAT subject to a minimum of £3,000 Inc. VAT) payable by the buyer on winning the auction. The reservation fee does not constitute part of the sale price, this is the auctioneer's fee and is to be paid over & above the sale price paid to the Vendor.
Auction ends – Wednesday 21st September 2022 at 1pm (Subject to anti-sniping)
Bidding Window Opens – Monday 19th September 2022 at 10am (Bidding will not be possible until this time)
Starting price - £68,000 (Reserve price is higher & unpublished, typically the starting price will be 15 – 20% below the Reserve figure as per our Buyer Terms)
Viewings
To view the property please visit the Hammer Price Homes website, register as a buyer and book in for a viewing. Bidding is only permitted for those who have viewed. Viewers must to stick to their time precisely.
Property Details
Approx. Gross internal floor area – 678 sq ft / 63.03SQM
First Floor
Entrance hallway leading to these rooms:
Lounge - 16'2 x 13'10 (4.93m x 4.22m)
Kitchen – 13'9 x 10'6 (4.19m x 3.21m)
Bedroom – 11'6 x 10'2 (3.51m x 3.10m)
Bathroom – 9'5 x 7'3 (2.87m x 2.22m)
W.C. – 4'6 x 2'8 (1.36m x 0.82m)
Parking
On-street
How to make an offer
Offers can only be made via the online auction in the form of a bid once the bidding window has opened. No offers will be accepted outside of the auction process.
Once a sale has been agreed (STC) and a price agreed then no further price negotiation will take place. This sale price is fixed at the winning auction price and the buyer honoured to pay it. Any subsequent attempt by the buyer to contact the vendor direct to renegotiate on price would hold the buyer in breach of our terms. Should the buyer withdraw then they may have to forfeit the reservation fee. Please read the buyer terms and faq’s on the site for more details.
This is a probate property and is sold as seen. The administrator / solicitor have never lived at the property so may not be able to answer the usual pre-contract questions.
Overview
Hammer Price Homes are delighted to present for sale by online auction this 1 bedroom first floor flat in Southend on Sea. The property has a short lease (52 years remaining) and as such is deemed unmortgageable, for this reason this auction is open to cash buyers only.
The property briefly comprises: To the first floor is an entrance hallway leading to a living room, kitchen, bedroom, bathroom and separate W.C.
Please see the other information section regarding the short lease and ground rent / service charges.
The property is sold as seen and is open for cash buyers only. There will be no grounds to withdraw from the sale with a return of the reservation fee citing issues around the condition of the property or for anything to do with the short lease / lease extension.
To view the property please visit the Hammer Price Homes website, register as a buyer and book in for a viewing.
Location
The property is very well located, situated in the heart of Southend-on-Sea. The town centre is a short walk away, boasting amenities such as 2 large shopping centres and a range of eateries and supermarkets. The property is also conveniently located next to two train stations, Southend Central and Southend Victoria, both of which can be used to get to London, at just under an hour away.
Special Conditions
This auction is strictly open for cash buyers only as due to the short lease the property is considered unmortgageable. You will not be able to withdraw from the purchase with a return of the reservation fee citing issues around financing the property, for any reasons concerning the short lease / lease extension, or for any reasons around the general condition of the property.
Other Information
Tenure – Short lease with 52 years remaining (99 years from 24th October 1975)
Lease - Please see a copy of the lease which is available to download from the Hammer Price Homes website.
Freeholder – sharp Commercial Limited (Hockley). Please be advised that the LPE1 form is available for download from the Hammer Price homes website. Any outstanding balances for service charges / Insurance/ ground rent will be settled by the current owners for up to completion.
Ground rent – £25 per annum
Service charge – Nil
Insurance – Insurance is organised by the freeholder and billed to the leaseholder annually, cost for 2022 – 2023 is around £350.
Lease Extension – Please note that the new buyer will be responsible for extending the lease if they wish to do so post completion. Please do your own research as to what an extension may cost.
The vendors solicitor has advised that they will be willing to issue the section 42 and pass the rights over to the buyer if the buyer wishes. The buyer will be responsible for the vendor’s associated legal costs for issuing the section 42.
Auction Details
** Open for cash buyers only. 90 days to complete**
Please note that there is a Reservation fee (3% Inc. VAT subject to a minimum of £3,000 Inc. VAT) payable by the buyer on winning the auction. The reservation fee does not constitute part of the sale price, this is the auctioneer's fee and is to be paid over & above the sale price paid to the Vendor.
Auction ends – Wednesday 21st September 2022 at 1pm (Subject to anti-sniping)
Bidding Window Opens – Monday 19th September 2022 at 10am (Bidding will not be possible until this time)
Starting price - £68,000 (Reserve price is higher & unpublished, typically the starting price will be 15 – 20% below the Reserve figure as per our Buyer Terms)
Viewings
To view the property please visit the Hammer Price Homes website, register as a buyer and book in for a viewing. Bidding is only permitted for those who have viewed. Viewers must to stick to their time precisely.
Property Details
Approx. Gross internal floor area – 678 sq ft / 63.03SQM
First Floor
Entrance hallway leading to these rooms:
Lounge - 16'2 x 13'10 (4.93m x 4.22m)
Kitchen – 13'9 x 10'6 (4.19m x 3.21m)
Bedroom – 11'6 x 10'2 (3.51m x 3.10m)
Bathroom – 9'5 x 7'3 (2.87m x 2.22m)
W.C. – 4'6 x 2'8 (1.36m x 0.82m)
Parking
On-street
How to make an offer
Offers can only be made via the online auction in the form of a bid once the bidding window has opened. No offers will be accepted outside of the auction process.
Once a sale has been agreed (STC) and a price agreed then no further price negotiation will take place. This sale price is fixed at the winning auction price and the buyer honoured to pay it. Any subsequent attempt by the buyer to contact the vendor direct to renegotiate on price would hold the buyer in breach of our terms. Should the buyer withdraw then they may have to forfeit the reservation fee. Please read the buyer terms and faq’s on the site for more details.
This is a probate property and is sold as seen. The administrator / solicitor have never lived at the property so may not be able to answer the usual pre-contract questions.
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