1 bed Flat For Sale £36,000
1 Bedroom Basement Flat, 20 Devonshire Road, Hastings, TN34 1NE
Overview
Hammer Price Homes are delighted to present for sale by online auction this one-bedroom basement flat with parking and rear garden in Hastings Town Centre. The property is a very poor condition and has a short lease of 66 years and we therefore open the auction to cash buyers only.
The accommodation, located at basement level and entered via a private entrance briefly comprises: Hallway leading to a lounge, kitchen & utility, bedroom and a bathroom.
Outside there is a dedicated parking bay and a rear garden.
The property needs a complete renovation and will be of appeal to those looking for a modernisation project.
Please see the other information section regarding the short lease and the various annual 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 (structural or other) or for anything concerning the searches or short lease / lease extension.
A full search pack has been ordered and will be made available prior to bidding. The buyer will be required to pay for the search pack which is £250 plus vat, this is payable at the same time as the reservation fee.
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 conveniently situated in the heart of the town centre within walking distance of local amenities, mainline railway station and the sea front.
Special Conditions
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 (structural or other) or for anything concerning the searches or short lease / lease extension.
Other Information
Tenure – Short lease with 66 years remaining (99 years from 25th June 1990)
Ground Rent - £35 per annum rising to £70 per annum in 2023
Service charge (Paid by vendor) – Service charges are £1,526 for the period ending 31st December 2022. Service charges are billed half yearly in advance (see attachment labelled Service Charge for what this covers, Flat 20 contribution is a 5th of the total charge). For 2021 the charge was £1,166 and £994 for 2020.
Lease Extension – Please note that the new buyer will be responsible for extending the lease if they wish to do so, post completion. East Sussex Estates Limited are the freeholders and are communicative, so no issues are expected in terms of lease extension matters.
The vendor’s solicitor has advised that the vendor 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.
Buyers are advised to do their own research as regards lease extension costs/process and if needed, seek legal advice prior to bidding.
Searches – Searches have been ordered and will be available on the listing prior to bidding. These will be charged to the winning bidder at £250 + VAT
Downloads – These will include the searches (on order and to be added) and also a number of land registry documents available for download from the Hammer Price Homes website that interested parties should read prior to bidding. These include the following:
• Leasehold land registry title documentation, title plan and lease for number 20
• Freehold land registry title documentation.
• Full search pack including Local authority and mining searches.
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 – Thursday 24th November 2022 at 2pm (Subject to anti-sniping)
Bidding Window Opens – Tuesday 22nd November 2022 at 10am (Bidding will not be possible until this time)
Starting price - £36,000 (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 are asked to keep to their appointment time.
Property Details
Approx. Gross internal floor area – 664 sq ft / 61.71SQM
Lower Ground Floor
Entrance hallway leading to these rooms:
Living Room - 14'1 x 12'8 (4.30m x 3.86m)
Kitchen – 18'11 x 6'4 (5.76m x 1.94m)
Utility – 5'9 x 4'11 (1.76m x 1.50m)
Bedroom – 12'5 x 10'8 (3.78m x 3.24m)
Bathroom – 8'10 x 5'10 (2.68m x 1.79m)
Outside Space
Rear Garden
Parking
Dedicated Parking Bay
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
Overview
Hammer Price Homes are delighted to present for sale by online auction this one-bedroom basement flat with parking and rear garden in Hastings Town Centre. The property is a very poor condition and has a short lease of 66 years and we therefore open the auction to cash buyers only.
The accommodation, located at basement level and entered via a private entrance briefly comprises: Hallway leading to a lounge, kitchen & utility, bedroom and a bathroom.
Outside there is a dedicated parking bay and a rear garden.
The property needs a complete renovation and will be of appeal to those looking for a modernisation project.
Please see the other information section regarding the short lease and the various annual 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 (structural or other) or for anything concerning the searches or short lease / lease extension.
A full search pack has been ordered and will be made available prior to bidding. The buyer will be required to pay for the search pack which is £250 plus vat, this is payable at the same time as the reservation fee.
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 conveniently situated in the heart of the town centre within walking distance of local amenities, mainline railway station and the sea front.
Special Conditions
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 (structural or other) or for anything concerning the searches or short lease / lease extension.
Other Information
Tenure – Short lease with 66 years remaining (99 years from 25th June 1990)
Ground Rent - £35 per annum rising to £70 per annum in 2023
Service charge (Paid by vendor) – Service charges are £1,526 for the period ending 31st December 2022. Service charges are billed half yearly in advance (see attachment labelled Service Charge for what this covers, Flat 20 contribution is a 5th of the total charge). For 2021 the charge was £1,166 and £994 for 2020.
Lease Extension – Please note that the new buyer will be responsible for extending the lease if they wish to do so, post completion. East Sussex Estates Limited are the freeholders and are communicative, so no issues are expected in terms of lease extension matters.
The vendor’s solicitor has advised that the vendor 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.
Buyers are advised to do their own research as regards lease extension costs/process and if needed, seek legal advice prior to bidding.
Searches – Searches have been ordered and will be available on the listing prior to bidding. These will be charged to the winning bidder at £250 + VAT
Downloads – These will include the searches (on order and to be added) and also a number of land registry documents available for download from the Hammer Price Homes website that interested parties should read prior to bidding. These include the following:
• Leasehold land registry title documentation, title plan and lease for number 20
• Freehold land registry title documentation.
• Full search pack including Local authority and mining searches.
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 – Thursday 24th November 2022 at 2pm (Subject to anti-sniping)
Bidding Window Opens – Tuesday 22nd November 2022 at 10am (Bidding will not be possible until this time)
Starting price - £36,000 (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 are asked to keep to their appointment time.
Property Details
Approx. Gross internal floor area – 664 sq ft / 61.71SQM
Lower Ground Floor
Entrance hallway leading to these rooms:
Living Room - 14'1 x 12'8 (4.30m x 3.86m)
Kitchen – 18'11 x 6'4 (5.76m x 1.94m)
Utility – 5'9 x 4'11 (1.76m x 1.50m)
Bedroom – 12'5 x 10'8 (3.78m x 3.24m)
Bathroom – 8'10 x 5'10 (2.68m x 1.79m)
Outside Space
Rear Garden
Parking
Dedicated Parking Bay
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
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