1 bed Apartment Sold
Call: 020 3973 8725
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Property Description
- On Street Parking
** AUCTION ENDS WEDNESDAY 14TH MAY 4PM **
Located in the sought-after SE20 postcode, near Birkbeck Station, this ground-floor flat presents a fantastic opportunity for investors, developers, or first-time buyers looking for a project. With rental demand for 1-bed apartments high in the area - where over 40% of properties are rentals and average in excess of £1,400 pcm - this property offers significant potential for a strong buy-to-let yield.
The property requires some essential works, including damp proofing (full survey completed), and a new kitchen and bathroom. The rest of the property requires cosmetic updates, but it already benefits from a full rewire and EICR, completed within the last year.
Conveniently located near Birkbeck Station, offering excellent transport links to central London, as well as local amenities and services nearby.
Key Info:
Leasehold
Lease - 102years
Ground Rent £150 PA
EPC D
Council Tax Band C
Accessibility - No special measures
The lot is to be sold by traditional online auction with an end date and time of Wednesday 14th May 2025 at 4pm. Available to mortgage buyers - please call us to discuss.
An auction buyer’s fee of 3.6% (inc of VAT) subject to a minimum fee of £6,000 (inc of VAT) is payable in addition to the purchase price at the end of the auction.
The auction will be exclusively available online via the Rocket Auctions website including the legal pack information.
The registration process is extremely simple and free. Please visit the Rocket Auctions website, and click on the 'register' button (or login - if you have already registered).
Stage 1) Register your email address, create a password and confirm your account.
Stage 2) View the legal pack and arrange any viewings
Stage 3) If you would like to bid, use the 'dashboard' button and complete your ID check and enter your payment and solicitors details
Stage 4) You are ready to bid - Good Luck!
No deposit monies are required before you bid.Guide price(s) are an indication of the seller's expectation. Reserve price(s) are a figure below which the auctioneer cannot sell the lot at auction. The reserve price is not disclosed and remains confidential between the seller and the auctioneer and is set within the guide range.
A legal pack and special conditions are available to download to anyone who has registered. It is the purchaser's responsibility to make all necessary legal and financial enquiries prior to placing any bids.
The complete legal pack would need to be inspected before an offer would be considered.
Please get in touch if you have any questions regarding Online auctions or would like to arrange a viewing. Contact the agent on Ext 108.
