1 bed Flat For Sale £195,000
For sale on 27 October 2022
The National Property Auction will be conducted behind closed doors. The auction will be live-streamed online with remote bidding only. Registration for bidding will close at 12pm the day before the auction.
The auction will commence at 10:00.
For Sale by auction on 27/10/22
Hyde Estates are pleased to offer this one bedroom apartment in Barking, currently let producing £11,400 per annum.
This one bedroom apartment situated in Benedicts Wharf, a popular, gated development located on a quiet road, only moments from the tranquil River Roding. The property is surrounded by amenities and services and is within close proximity of Barking Station.
Benedicts Wharf benefits from gas central heating and double glazing throughout along with a secure entry system and car park with allocated parking space. London City Centre is easily accessible via bus or over/underground.
Note:
Length of lease: Tbc
Current ground rent: Tbc
Ground rent review period: Tbc
Current service charge: Tbc
Service charge review period: Tbc
This information should be clarified in the legal pack and we’ll update the information above when we receive it.
Hallway
Open Plan Lounge/Kitchen
Bedroom
Bathroom
Note:
Please be advised that the auctioneers have not personally inspected the property. Prospective buyers are advised to make a viewing enquiry and any other necessary independent enquiries before placing their bid, as this will be binding.
Tenure: Leasehold
EPC Rating: B
Terms:
Auction Details:
The sale of this property will take place on the stated date by way of Auction Event and is being sold as Unconditional with Variable Fee (England and Wales).
Binding contracts of sale will be exchanged at the point of sale.
All sales are subject to sdl Property Auctions’ Buyers Terms.
Auction Deposit and Fees:
The following deposits and non- refundable auctioneer’s fees apply:
• 5% deposit (subject to a minimum of £5,000)
• Buyer’s Fee of 4.8% of the purchase price for properties sold for up to £250,000, or 3.6% of the purchase price for properties sold for over £250,000 (in all cases, subject to a minimum of £6,000 inc. VAT). For worked examples please refer to the Auction Conduct Guide.
The Buyer’s Fee does not contribute to the purchase price and will be considered as part of the chargeable consideration for the property in the calculation of stamp duty liability.
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 Legal Pack carefully before bidding.
Additional Information:
For full details about all auction methods and sale types please refer to the Auction Conduct Guide which can be viewed on the sdl Property Auctions’ home page.
This guide includes details on the auction registration process, your payment obligations and how to view the Legal Pack.
Guide Price & Reserve Price:
Each property sold is subject to a Reserve Price. The Reserve Price will be within + or – 10% of the Guide Price. The Guide Price is issued solely as a guide so that a buyer can consider whether or not to pursue their interest. A full definition can be found within the Buyers Terms.
The National Property Auction will be conducted behind closed doors. The auction will be live-streamed online with remote bidding only. Registration for bidding will close at 12pm the day before the auction.
The auction will commence at 10:00.
For Sale by auction on 27/10/22
Hyde Estates are pleased to offer this one bedroom apartment in Barking, currently let producing £11,400 per annum.
This one bedroom apartment situated in Benedicts Wharf, a popular, gated development located on a quiet road, only moments from the tranquil River Roding. The property is surrounded by amenities and services and is within close proximity of Barking Station.
Benedicts Wharf benefits from gas central heating and double glazing throughout along with a secure entry system and car park with allocated parking space. London City Centre is easily accessible via bus or over/underground.
Note:
Length of lease: Tbc
Current ground rent: Tbc
Ground rent review period: Tbc
Current service charge: Tbc
Service charge review period: Tbc
This information should be clarified in the legal pack and we’ll update the information above when we receive it.
Hallway
Open Plan Lounge/Kitchen
Bedroom
Bathroom
Note:
Please be advised that the auctioneers have not personally inspected the property. Prospective buyers are advised to make a viewing enquiry and any other necessary independent enquiries before placing their bid, as this will be binding.
Tenure: Leasehold
EPC Rating: B
Terms:
Auction Details:
The sale of this property will take place on the stated date by way of Auction Event and is being sold as Unconditional with Variable Fee (England and Wales).
Binding contracts of sale will be exchanged at the point of sale.
All sales are subject to sdl Property Auctions’ Buyers Terms.
Auction Deposit and Fees:
The following deposits and non- refundable auctioneer’s fees apply:
• 5% deposit (subject to a minimum of £5,000)
• Buyer’s Fee of 4.8% of the purchase price for properties sold for up to £250,000, or 3.6% of the purchase price for properties sold for over £250,000 (in all cases, subject to a minimum of £6,000 inc. VAT). For worked examples please refer to the Auction Conduct Guide.
The Buyer’s Fee does not contribute to the purchase price and will be considered as part of the chargeable consideration for the property in the calculation of stamp duty liability.
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 Legal Pack carefully before bidding.
Additional Information:
For full details about all auction methods and sale types please refer to the Auction Conduct Guide which can be viewed on the sdl Property Auctions’ home page.
This guide includes details on the auction registration process, your payment obligations and how to view the Legal Pack.
Guide Price & Reserve Price:
Each property sold is subject to a Reserve Price. The Reserve Price will be within + or – 10% of the Guide Price. The Guide Price is issued solely as a guide so that a buyer can consider whether or not to pursue their interest. A full definition can be found within the Buyers Terms.
