Flat 120 Bryant Court, Whiston Road, London, E2 8EQ
- Conditional Online Auction Sale
- Bedrooms: 2
ONLINE AUCTION WITH THE GOTO GROUP FOR THIS TWO BEDROOM FLAT IN LONDON - E2
Tenure
LEASEHOLD
Description
We are delighted to market this fabulously charming, two bedroom apartment set in this prime London location, perfect for first-time buyers or buy-to-let investment & offer with no onward chain.
Recently refurbished to the highest standard, this apartment benefits from two double bedrooms, a spacious living room opening to a fully equipped kitchen with integrated appliances and family bathroom.
Set in a family-friendly and residential area with a real sense of community, this property is within walking distance of Hoxton Station allowing an easy commute into the City and numerous bus routes on Kingsland Road to connect all over London.
Hoxton, Broadway Market, Regents Canal and Shoreditch High Street are within walking distance with all their bars, restaurants and local amenities set for your comfort.
This property offers plenty of rental opportunities to landlords and is chain free and available to view by-appointment-only!
Whiston Road is set mere moments from the ever popular Broadway Market and Columbia Road Market & the vibrant & varied shops, boutiques, restaurants & bars of Shoreditch.
Great transport links are provided with Cambridge Heath, London Fields, (National Rail), Hoxton (Overground) & Bethnal Green (Central line) all within easy reach, providing easy access into the City, West End & beyond.
The green open spaces of Haggerston Park, London Fields and Victoria Park are also within easy reach, with the delights and charm of Regents Canal with its colourful collection of narrowboats also just a short walk away
LEASE INFORMATION
We have been informed by the current owners of the following:
Lease Term: From 18 November 2002 expiring on 15 September 2116
Service Charge: c £2,900 per annum
Ground Rent; c. £9 per annum
EPC Rating: C
Council Tax: B
(Figures are direct from the vendor & should be confirmed via solicitors)
Seller has advised there are safety concerns regarding the external wall, however these are being addressed by the freeholder but we have no confirmed timeline at present.
Please note this property has a short lease under 99 years which may affect your ability to obtain a mortgage - Please seek advice on this or contact us for more information.
Leasehold information
Years left on leasehold title: 92
Service charge: £250 per month
Ground rent: £10.00 per month
EPC Rating
current 75 / 78 potential
Opening Bid and Reserve Price
This Property is subject to an undisclosed Reserve Price which in general will not be 10% more than the Opening Bid. The Reserve Price and Opening Bid can be subject to change. The Online Auction terms and conditions apply.
Comments
This property is offered for sale via Online Auction which is a flexible and buyer friendly method of purchase. The purchaser will not be exchanging contracts on the fall of the virtual hammer, but will be given 56 working days in which to exchange and complete the transaction from the date the Draft Contract is issued by the sellers solicitor.
By giving a buyer time to exchange contracts on the property, normal residential finance can be arranged. The Buyer’s Premium secures the transaction and takes the property off the market. Fees paid to the Auctioneer reserve the property to the buyer during the Reservation Period and are paid in addition to the purchase price and are considered within calculations for Stamp Duty Land Tax. Further clarification on this must be sought from your legal representative.
The buyer will be required to give the Auctioneer authority to sign the Reservation Form on their behalf and to confirm acceptance of the Terms and Conditions prior to solicitors being instructed. Copies of the Reservation Form and all Terms and Conditions can be found in the Information Pack which can be downloaded from our website or requested from our Auctioneer.
Upon close of a successful auction, or if the vendor accepts an offer during the auction, the buyer will be required to make payment of a non-refundable Buyer's Premium of £9,000 including VAT, plus a buyer's administration charge of £372 including VAT, a total of £9,372. This secures the transaction and takes the property off the market. Any additional fees and charges over and above this will be confirmed within the terms and conditions available on the website.
The Buyer's Premium and buyer's administration charge are in addition to the final negotiated selling price.
All buyers will be required to verify their identity and provide proof of how the purchase will be funded.
Buyer's Administration Charge
If the Buyer Information Pack has been produced and provided by GOTO Group any successful purchaser will be required to pay £372 (including VAT) towards the cost of the preparation of the pack. These can then be used by your solicitor to progress the sale.
Buyer Fees
There are no other fees or charges payable to the Auctioneer however, there are other costs to consider such as:
- You will need a Solicitor to act for you during the conveyancing and your Solicitor will advise you in relation to the associated costs. If you do not have a Solicitor, we can recommend the services of one of our Panel Solicitors who are all selected for their expertise in Auction Transactions. Please call the number below for more information.
- Stamp Duty Land Tax (SDLT) is applicable if you buy a property or land over a certain price in England, Wales or Northern Ireland. Please click here for more information.
Energy Performance Certificate (EPCs)
An EPC is broadly like the labels provided with domestic appliances such as refrigerators and washing machines. Its purpose is to record how energy efficient a property is as a building. The certificate will provide a rating of the energy efficiency and carbon emissions of a building from A to G, where A is very efficient, and G is inefficient. The data required to allow the calculation of an EPC includes the age and construction of the building, its insulation and heating method. EPCs are produced using standard methods with standard assumptions about energy usage so that the energy efficiency of one building can easily be compared with another building of the same type. The Energy Performance of Buildings Directive (EPBD) requires that all buildings have an EPC when they are marketed for sale or for let, or when houses are newly built. EPCs are valid for 10 years, or until a newer EPC is prepared. During this period the EPC may be made available to buyers or new tenants.
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