This method of auction requires both parties to complete the transaction within 56 days of the draft contract for sale being received by the buyers solicitor. This additional time allows buyers to proceed with mortgage finance (subject to lending criteria, affordability and survey).
The buyer is required to sign a reservation agreement and make payment of a non-refundable Reservation Fee. This being 4.2% of the purchase price including VAT, subject to a minimum of £6,000.00 including VAT. The Reservation Fee is paid in addition to purchase price and will be considered as part of the chargeable consideration for the property in the calculation for stamp duty liability.
Buyers will be required to go through an identification verification process with iamsold and provide proof of how the purchase would be funded.
This property has a Buyer Information Pack which is a collection of documents in relation to the property. The documents may not tell you everything you need to know about the property, so you are required to complete your own due diligence before bidding. A sample copy of the Reservation Agreement and terms and conditions are also contained within this pack.
The buyer will also make payment of £300.00 including VAT towards the preparation cost of the pack, where it has been provided by iamsold.
The property is subject to an undisclosed Reserve Price with both the Reserve Price and Starting Bid being subject to change.
The Partner Agent and Auctioneer may recommend the services of third parties to you. Whilst these services are recommended as it is believed they will be of benefit; you are under no obligation to use any of these services and you should always consider your options before services are accepted.
Where services are accepted the Auctioneer or Partner Agent may receive payment for the recommendation and you will be informed of any referral arrangement and payment prior to any services being taken by you.
This property is for sale by the Modern Method of Auction. Should you view, offer or bid on the property, your information will be shared with the Auctioneer, iamsold.
GROUND FLOOR EX-WARNER MAISONETTE : An attractive two bedroom Ex-Warner maisonette with long lease located on a peaceful and quiet road.
Built by Walthamstow's most famous family. This property perfectly demonstrates the character and charm that people associate with Warner homes. The building, and indeed the entire terrace is constructed from London-stock brick accented with red-brick detailing. The garden path leads to a distinctive arch formed from terracotta bricks and distinctive Warner front door. At low level the entrance is protected against wear-and-tear by glazed brickwork - a fantastic example of the attention to detail and pragmatic approach which is the hallmark of Victorian workmanship.
Inside, the property is a blank canvas and is in move-in condition. The space has been cleverly used and there is ample storage. Both bedrooms are light, airy and feel relaxing with the rear bedroom benefitting from uninterrupted views over the gardens. The white bathroom suite has been well maintained.
The fitted galley kitchen is clean and there is plenty of cupboard space with good quality appliances. The rear garden is grassed and feels secluded with the neighbouring gardens all being well kept and the terrace feeling inviting.
The roof coverings appear in good condition, the windows are double glazed and the timber floors are currently protected by carpet. A great opportunity for a buyer with vision to further update the property and get the most of it by bringing some of the period features back to life.
Hitcham Road is a peaceful tree lined street with ample parking. Lea Bridge Road is close by and there are excellent transport links into The City. The A406, A12 and M11 are also easily accessible.
Please call for further information.