Spacious First-Floor Flat with Character Features – Sold via Modern Auction.

Being sold via Secure Sale online bidding. Terms & Conditions apply. Starting Bid £200,000.

Set in a charming period building, this spacious first-floor flat offers nearly 700 sq. ft and it is only a 10-minute walk to Sutton station. With original fireplaces, shutters, and double glazing, this property retains its character and is a blank canvass for the new buyer to decorate to their tastes.

The flat features a separate kitchen and bathroom, both ready for a refresh to suit your taste. Central heating ensures comfort year-round. Outside, enjoy your own section of the garden, perfect for relaxing outdoors. First-come, first-served parking is available for residents and on-street permit parking.

The building consists of just five flats, and this property benefits from a 165 year lease with Right to Manage in place. Service charges are minimal.

For buy to let investors, there is a gross yield of around 9% based on a rental of £1600pcm in current condition.

A fantastic opportunity for buyers looking to add value in a well-connected location. Sold via modern auction with immediate exchange of contracts possible– don’t miss out!

Auctioneers Additional Comments 

Pattinson Auction are working in Partnership with the marketing agent on this online auction sale and are referred to below as 'The Auctioneer'. 

This auction lot is being sold either under conditional (Modern) or unconditional (Traditional) auction terms and overseen by the auctioneer in partnership with the marketing agent. 
 
The property is available to be viewed strictly by appointment only via the Marketing Agent or The Auctioneer. Bids can be made via the Marketing Agents or via The Auctioneers website. 

 
Please be aware that any enquiry, bid or viewing of the subject property will require your details being shared between both any marketing agent and The Auctioneer in order that all matters can be dealt with effectively. 
 

The property is being sold via a transparent online auction.  

In order to submit a bid upon any property being marketed by The Auctioneer, all bidders/buyers will be required to adhere to a verification of identity process in accordance with Anti Money Laundering procedures. Bids can be submitted at any time and from anywhere.  

Our verification process is in place to ensure that AML procedure are carried out in accordance with the law. 

 The advertised price is commonly referred to as a ‘Starting Bid’ or ‘Guide Price’, and is accompanied by a ‘Reserve Price’. The ‘Reserve Price’ is confidential to the seller and the auctioneer and will typically be within a range above or below 10% of the ‘Guide Price’ / ‘Starting Bid’. 

A Legal Pack associated with this particular property is available to view upon request and contains details relevant to the legal documentation enabling all interested parties to make an informed decision prior to bidding. The Legal Pack will also outline the buyers’ obligations and sellers’ commitments. It is strongly advised that you seek the counsel of a solicitor prior to proceeding with any property and/or Land Title purchase. 
 
Auctioneers Additional Comments 

In order to secure the property and ensure commitment from the seller, upon exchange of contracts the successful bidder will be expected to pay a non-refundable deposit equivalent to 5% of the purchase price of the property. The deposit will be a contribution to the purchase price. A non-refundable reservation fee of up to 4.5% inc VAT (subject to a minimum of 6,000 inc VAT) is also required to be paid upon agreement of sale. The Reservation Fee is in addition to the agreed purchase price and consideration should be made by the purchaser in relation to any Stamp Duty Land Tax liability associated with overall purchase costs. 
 
Both the Marketing Agent and The Auctioneer may believe necessary or beneficial to the customer to pass their details to third party service suppliers, from which a referral fee may be obtained. There is no requirement or indeed obligation to use these recommended suppliers or services.