152 Ladlands, Overhill Road, East Dulwich, London, SE22 0PW

1st floor duplex flat, 152 Ladlands, Overhill Road, East Dulwich, London, SE22 0PW

Overview

Hammer Price Homes are delighted to present for sale by online auction this vacant & chain free, 1^st floor duplex flat in a popular residential area in East Dulwich. Mortgage Buyers Welcome.

The accommodation briefly comprises of: To the First Floor: Landing leading to 2 bedrooms, a bathroom and a private balcony. To the Second Floor: Entrance hallway leading to an open plan lounge-diner and a kitchen.

To the outside there are extensive communal gardens and a children’s play area.

The accommodation requires a full refurbishment suiting those looking for a modernisation project.

To view this property please visit the Hammer Price Homes website, register your details, and book in for an open day.

Location

The estate is surrounded by parks, with its own nature reserve and is a stone’s throw away from both Peckham Rye and Dulwich Park and Village. It is a short walk to the independent shops, pubs and restaurants of Lordship Lane.

East Dulwich station has rail links which reach London Bridge in around 15 minutes. Forest Hill, Denmark Hill and Peckham Rye stations are all a short bus ride away for access to the London Overground and trains to Victoria station.

Other Information

Tenure: Leasehold (84 years remaining).

Service Charges : The service charge is approx £132 per month, the ground rent of £10 per annum is included in this. We have included the service charge estimate document from the management company for the period April 2023 to March 2024 for download from the Hammer Price Homes website, this shows the breakdown.

Section 20 major works:

Lift works: The management company have advised that lift repairs are required to the block. A formal Section 20 notice will be issued in the coming months with costs estimated in the region of £2,000 – £3,000 per flat. The buyer will be expected to pick up the costs associated with the lift works. Recent correspondence is available to view and download on the Hammer Price Homes website.

Other works: The whole block has recently benefitted from extensive roof works and other improvements under a Section 20 notice, with works being undertaken in 2021. Works cost in excess of £2.6 million, and associated costs will be picked up by the current vendor. Recent correspondence is available to view and download on the Hammer Price Homes website.

Online Auction Details

** Mortgage Buyers Welcome. 90 Days to complete and no deposit payable**

Online Auction ends – Thursday 17^th August 2023 at 1pm (please read anti-sniping rules which may extend the auction)

Online Auction Bidding Window opens – Tuesday 15^th August 2023 at 10am (Please note bidding won’t be possible until this time)

Starting price – £185,000 (Reserve price is higher & unpublished)

Fees

Reservation Fee – Please note that there is a Reservation Fee (3.6% Inc. VAT) payable by the buyer within 2 hours of winning the auction. Payment is to be made by Bank Transfer; we do not accept card payments. The reservation fee does not constitute part of the sale price, this is the auctioneer’s fee and is to be paid over & above the sale price paid to the Vendor.

Viewings

To view the property please visit the Hammer Price Homes website, register as a buyer and book in for a viewing. Bidding is only permitted for those who have viewed. Viewers are asked to keep to their appointment time.

How to make an offer

Offers can only be made via the online auction in the form of a bid once the bidding window has opened. No offers will be accepted outside of the auction process.

Once a sale has been agreed (STC) and a price agreed then no further price negotiation will take place. This sale price is fixed at the winning auction price and the buyer honoured to pay it. Any subsequent attempt by the buyer to contact the vendor direct to renegotiate on price would hold the buyer in breach of our terms. Should the buyer withdraw then they may have to forfeit the reservation fee. Please read the buyer terms and FAQ’s on the site for more details.

This property is being sold as part of a deceased estate with vacant possession and is sold as seen. The administrator and solicitor may not be able to answer the usual pre-contract questions.