3 Bedroom First Floor Flat, 19 Clement Close, Purley, Surrey, CR8 4BZ

Overview

Hammer Price Homes are delighted to present for sale by online auction this vacant & chain free, 3-bedroom first floor flat located in a sought-after residential area of Purely, a suburban area of South London. Due to the general condition of this property this auction is recommended for cash buyers only.

The accommodation briefly comprises: There is an entrance hallway leading to a living room with balcony, kitchen, 3 bedrooms, bathroom and separate W.C.

Outside there are communal gardens and on street parking.

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

Please see the other information section for tenure, ground rent, service charges, and for further information with regards maintenance fees etc.

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

Location

The property is very well positioned within close proximity to the local amenities, shops, schools, pubs, restaurants, schools and transport links on offer in both Purely and Coulsdon. The property is also in close proximity to extensive areas of green open space including Dollypers Hill Nature Reserve and Betts Mead Recreation Ground.

Other Information

Tenure – Leasehold (83 years remaining) 20^th December 1981 – Land registry documentation is available for download from the Hammer Price Homes website.

Ground Rent – £10

Service charges – Please see the document titled Service charges Assignment letter dated 5^th April 2023 that is available for download from the Hammer Price Homes website . This provides information on the past and current service charges and significant works that are expected. Services charges for the year April 2023 – March 2024 is expected to be around £600. The previous years service charge letters are also available for download from the Hammer Price Homes website for reference.

Section 20 notice – Please note that there is a section 20 notice in relation to communal Lighting, the contribution for the flat is estimated to be £1,008.11, please see the notice which is available for download from the Hammer Price Homes website.

Insurance – Insurance if organised by the freeholder, the cost falls on the flat owner and is in addition to the annual service charge. The insurance premium for 2022 / 2023 was £298.36

Lease – a copy of the lease is available for download from the Hammer Price Homes website.

Lease extension – The vendors are happy to serve the section 42 notice on the freeholders and pass the rights over to the buyer if the buyer wishes. Any associated costs for the vendors serving the notice will be payable by the buyer.

Auction Details

** Recommended for cash buyers only. 90 days to complete**

Please note that there is a Reservation fee (3% Inc. VAT), payable by the buyer on winning the auction. 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.

Auction ends – Thursday 1st June 2023 at 1pm (Subject to anti-sniping)

Bidding Window Opens – Tuesday 30th May 2023 at 10am (Bidding will not be possible until this time)

Starting price – £130,000 (Reserve price is higher & unpublished, typically the starting price will be 15 – 20% below the Reserve figure as per our Buyer Terms).

Viewings

To view the property please visit the Hammer Price Homes website, register as a buyer (its free to register) and book your place on an open day. Bidding is only permitted for those who have viewed. Viewers must stick to their time precisely.

Special Conditions

This auction is recommended for cash buyers only. Please note that there will be no grounds to withdraw from the sale with a return of the reservation fee citing issues around the general condition of the property or for any issues in financing the purchase.

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 is a probate property and is sold as seen. The Administrator / Solicitor dealing with the estate have never lived at the property so may not be able to answer the usual pre-contract questions.