Flat 7 Lexden Place, Halstead Road, Colchester, Essex, CO3 9FD
- Conditional Online Auction Sale
- Bedrooms: 2
GOTO PRESENTS THIS 2 BEDROOM FLAT IN COLCHESTER CO3
Tenure
leasehold
Description
Presenting a delightful opportunity for investors, first-time buyers, and couples alike, this two-bedroom flat is now on the market. The property is located in a sought-after location, offering the perfect blend of convenience and tranquillity.
The flat, which is situated on the first floor, comprises two double bedrooms, a three-piece bathroom suite, and a naturally lit kitchen. The kitchen is spacious and filled with natural light, providing a welcoming atmosphere for culinary adventures. Each of the double bedrooms offers ample space and the potential to personalise to your taste.
The property boasts a generously proportioned reception room, characterised by large windows that allow for an abundance of natural light. This space is perfect for entertaining or simply relaxing after a busy day. Although the flat needs a touch of modernisation, it's a wonderful opportunity to create a home that truly reflects your style and preferences.
Notably, the flat is assigned an EPC rating of C and falls within the council tax band B. A key feature of this property is the communal areas with seating and allocated parking, providing a sense of community and convenience. In addition, the location has the added benefit of being close to the A12, Stane Park retail park, and Tollgate retail park.
The location is well-served by public transport links, nearby schools, local amenities, and green spaces. This includes nearby parks, walking routes, and cycling routes, offering ample opportunities for both relaxation and recreation.
In summary, this flat offers the opportunity to create a beautiful home in a fantastic location, with the added benefit of low-cost charges. Don't miss out on this excellent investment opportunity.
Leasehold Information 125 years from 24 June 1993 which may affect the ability to purchase the property with a mortgage or lending.
Ground rent payable 6 monthly £100, and the Service charge is currently £465.00 per year.
Leasehold Information 125 years from 24 June 1993 which may affect the ability to purchase the property with a mortgage or lending
EPC Rating
Current 71/79 Potential
Lease Start Date
24/06/1993
Lease Duration
125 years (93 years unexpired)
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 £6,600 including VAT, plus a buyer's administration charge of £396 including VAT, a total of £6,996. 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 £396 (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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