3 Bedroom Detached House, 25 James Street, Epping, CM16 6RR
Overview
Hammer Price Homes are delighted to present for sale by online auction this vacant & chain free, 3 bedroom detached house in a quiet street in the sought after town of Epping. This auction is open to mortgage buyers also.
The property briefly comprises: To the ground floor there is an entrance porch and hallway leading to a large open reception room and a kitchen. To the first floor there are 3 bedrooms, a bathroom and a separate W.C.
The large open plan reception room has patio doors leading to a well-positioned lawned garden with wonderful views across the adjoining green open country side.
There is also a small front garden and a driveway & garage providing off street parking.
The property, which is in need of a full modernisation programme, offers plenty of scope for reconfiguration and extending subject of course to gaining the necessary planning consents.
Please note that the EPC rating on this property is an F. Whilst we believe that the property would be suitable for a residential mortgage, you may not be able to get a buy to let mortgage due to this low rating. Our advice, if you are planning on getting a BTL mortgage is to check with your lender / broker that you are able to get the mortgage with the EPC rating, prior to bidding as you will not be able to withdraw from the sale with a return of the reservation fee if you are unable to get a BTL mortgage on the property.
To view this property please visit the Hammer Price Homes website, register as a buyer and book your place on an open day.
Location
James Street is located in a quiet street within walking distance of Epping high street with its array of shops, bars and restaurants. Epping underground station (Central Line) is also within close proximity with regular services into central London in less than 40 minutes. Epping is close to all major roads links such as the M11 and M25 and has easy access into Epping Forest.
There are several well regarded state and private schools within easy reach. Local leisure facilities include golf courses, sport clubs and sport centres.
Other Information
Tenure – Freehold (The property is unregistered, the vendors solicitor has the deeds)
Special Conditions
This auction is open to mortgage buyers however we believe that it is unlikely to be passed for a Buy to let mortgage based on the low EPC rating (F). If you are planning on getting a buy to let mortgage then ensure that you have spoken with your lender / broker prior to bidding, as you will not be able to withdraw from the sale with a return of the reservation fee if you are unable to get a BTL mortgage on the property.
Auction Details
** Open to mortgage buyers also. 90 days to complete, no deposit payable**
Please note that there is a Reservation fee (2.4% 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 7th October 2021 at 1pm
Bidding Window Opens – Tuesday 5th October 2021 (Bidding will not be possible until this time)
Starting price – £460,000 (Reserve price is higher & unpublished, typically the starting price will be 15 – 20% below the Reserve figure as per our Buyer Terms)
Viewings
We will continue to keep abreast of Government guidelines re Covid-19. This property is vacant which means we should comfortably be able to conduct viewings whereby safe distancing is adhered to. We allow a maximum of 2 bookings per 15 minute time slot. Viewers must to stick to their time precisely.
Please try and maintain a safe distance if you are in the property at the same time as another viewer who is not from your household.
The wearing of face masks whilst currently is not mandatory, is advisable.
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 vendors / solicitor may not be able to answer the usual pre-contract questions
