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1 bed Flat For Sale £85,000
Cheriton Road, Folkestone CT20


Description
For sale by Modern Method of Auction; Starting Bid Price £85,000 plus Reservation Fee

one bedroom flat in A central location just A short walk from the station & the high street.

Offered to the market with no onward chain is this bright and spacious one bedroom apartment. Positioned in a grand regal build boasting high ceilings and bay windows. The accommodation offers a lounge / diner which leads through via an archway to the fitted kitchen. There is a three piece bathroom in the centre plus a large double bedroom. The property is well decorated throughout and would make a perfect ready made investment with good tenant in place paying £450pcm.

'Please note that there is currently a tenant in-situ and they could be required to be given up to 2 months’ notice to vacate the property'
Material information

Length of lease : 68 (99 years from 1990)
Annual ground rent amount : £75
Ground rent review period : N/A
Annual service charge amount : N/A
Service charge review period : N/A
Council tax band : A

This property is for sale by “Regional Auction name powered by iamsold Ltd” or “iamsold Ltd”

Just West of the main Folkestone Town is Cheriton, a very popular area to reside and offers both excellent transport links and fine schooling including both junior and grammar levels. The High Speed Link to London is a strong lure for those looking to commute back into town and the eclectic mix of homes ranging from new builds to Victorian make it an ideal spot to find what you are looking for.

First Floor

Entrance

Lounge / Diner (5.03m x 3.20m (16'6 x 10'6))

Kitchen (4.17m x 1.98m (13'8 x 6'6))

Bathroom (2.24m x 1.24m (7'4 x 4'1))

Bedroom (3.94m x 3.15m (12'11 x 10'4))

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.?

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 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 £300.00 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.?

Reservation Fee is paid in addition to purchase price and will be considered as part of the chargeable

Follow the link for more information:
        
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