Flat 1, BEXHILL-ON-SEA, TN401QN

This auction has ended!
   
Final Bid:
£148,000.00
  • Overview
  • Particulars
  • Agent Details
  • Fees & Charges Explained

Property Overview

An exciting opportunity to acquire this particularly spacious two bedroom ground floor purpose built flat which is conveniently situated within a short walk to Bexhill town centre, seafront promenade and mainline railway station. Accommodation comprises: Entrance hall which gives access into the lounge/diner, fitted kitchen, two good size bedrooms and a stunning newly fitted bathroom/WC. Further benefits include: a covered allocated parking space to the rear and a share of freehold.

Starting Bid and Reserve Price

*Please note this property is subject to an undisclosed reserve price which is generally no more than 10% in excess of the starting bid, both the starting bid and reserve price can be subject to change. Terms and conditions apply to the auction, which is powered by IAM Sold.

Auctioneer's Comments

This property is offered through Modern Method of Auction. Should you view, offer or bid your data will be shared with the Auctioneer, iamsold.

This method requires both parties to complete the transaction within 56 days, allowing 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 of 4.2% of the purchase price including VAT, subject to a minimum of £6,000.00 including VAT. This 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 containing documents about the property. The documents may not tell you everything you need to know, so you must complete your own due diligence before bidding. A sample copy of the Reservation Agreement and terms and conditions are contained within this pack.

The Partner Agent and Auctioneer may recommend the services of third parties to you, in which they may be paid for the referral. These services are optional and you will be advised of any payment, in writing, before any services are accepted.

Listing is subject to a start price, and hidden reserve price that can change.

Energy Performance Certificate (EPCs)

Energy Performance Certificates (EPCs) give information on how to make your home more energy efficient and reduce your energy costs. All homes bought, sold or rented require an EPC. EPCs carry ratings that compare the current energy efficiency and estimated costs of energy use with potential figures that your home could achieve. Potential figures are calculated by estimating what the energy efficiency and energy costs could be if energy saving measures were put in place. The rating measures the energy efficiency of your home using a grade from ‘A’ to ‘G’. An ‘A’ rating is the most efficient, while ‘G’ is the least efficient. The average efficiency grade to date is ‘D’. All homes are measured using the same calculations, so you can compare the energy efficiency of different properties.

Property Particulars

Access Via Communal front door into communal entrance hall with a private front door into. Entrance Hall With laminate flooring, security entry phone system, airing cupboard cupboard with hot water cylinder, walk-in storage cupboard, telephone point, coved ceiling. Door into Lounge 20' 9" Into Bay x 12' 3" ( 6.32m Into Bay x 3.73m ) With laminate flooring, TV & Telephone points, dual aspect windows to the front & side aspect Kitchen 11' 10" x 7' 5" ( 3.61m x 2.26m ) Fitted with a matching range of wall & base level storage units with drawers beneath work surfaces with inset single sink & drainer unit, built in electric oven with inset hob and extractor hood over, plumbing & space for washing machine, space for fridge freezer, window to the side aspect Bedroom One 17' x 10' 9" ( 5.18m x 3.28m ) Wall mounted electric heater, coved ceiling and a window to the front aspect Bedroom Two 11' 11" x 8' 10" ( 3.63m x 2.69m ) Wall mounted electric heater, coved ceiling and a window to the front aspect Bathroom Fitted & comprising a panel bath with mixer tap and shower attachment, pedestal wash hand basin, low level w.c, extractor fan Outside To the rear of the block there is allocated parking which is covered

Fox and Sons

Local Branch: 1 Devonshire Square, Bexhill on Sea, TN40 1AB
Head Office: Cumbria House, 16-20 Hockliffe Street, Leighton Buzzard, LU7 1GN

Fees & Charges Explained

Flat 1, BEXHILL-ON-SEA, TN401QN

This property is sold subject to payment of a non-refundable reservation fee of 4.2% to a minimum of £6,000.00 including VAT.

Any successful purchaser will pay this to secure the sale. The reservation fee is in addition to the purchase price. Please take this into account when bidding.

A reservation fee is payable by the buyer only when the seller pays no fees to sell. As sellers pay no fees to sell, this is usually taken into account with a lower reserve price.

This property is being sold under the Modern Method of Auction, which requires the completion of the purchase to be within 56 days, although all reasonable endeavours must be made to exchange contracts within 28 days following the Draft Contract being received by the Buyer's Solicitor.

A non-refundable Reservation fee must be paid by the buyer within 2 hours following the conclusion of the auction or acceptance of an offer. This must be paid by cleared funds to the auctioneer who will issue an acknowledgement of reservation and purchase agreement in the 28 day period following the auction or the date of acceptance of the offer.

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.

 

Need More Information?

For further information or to speak to one of our team, please call 020 3096 0248.

Disclaimer

These particulars, whilst believed to be accurate are set out as a general outline only for guidance and do not constitute any part of an offer or contract. Intending purchasers should not rely on them as statements of representation of fact, but must satisfy themselves by inspection or otherwise as to their accuracy. No person in this firms employment has the authority to make or give any representation or warranty in respect of the property.

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