1 Bedroom Duplex Maisonette – 36 Vulcan Way, London, N7 8XP

Overview

Hammer Price Homes are pleased to present for sale by online auction this vacant & chain free, 1 bedroom duplex maisonette (End Terraced) on this popular residential estate. This auction is open to mortgage buyers also.

The living accommodation (which is accessed via a private entrance and staircase) is split between 2 floors and briefly comprises: To the first floor there is a hallway, open plan living / dining room, and a kitchen. To the first floor there is a landing leading to a well sized bedroom with eaves that can be used for storage and a bathroom

The property does not have a garage.

The property is in need of modernisation throughout and may be of appeal to those looking for a project.

Please see the other information section for details around the tenure and maintenance fees etc.

To view this property please visit the Hammer Price Homes website, register as a buyer and book your place on an open day.

Location

The property is well placed within walking distance from a number of amenities and green spaces. It is also conveniently located for commuters with Caledonian Road and Highbury & Islington stations both within walking distance from here.

Other Information

Tenure – Leasehold with 88 years remaining (125 years from 25^th March 1986) a copy of the lease is available for download from the Hammer Price Homes website.

Freeholder – The Mayor & Burgess of the London Borough of Islington

Ground Rent – £10 per annum

Maintenance Fees – The maintenance fees are only estimated in September. Please note that the maintenance fees for 2021- 2022 were £1,051.84 and for the year 2020 – 2021 it was £947.67. The vendors will be responsible for any fees prior to completion.

Other available documents – You can see the letter titled ‘sell on information form’ which provides all information on maintenance fees etc. You will also see another letter title ‘HO Letter’ which details information around possible asbestos materials which have been found in other flats and, if there are any then they should be dealt with by the new buyer as part of the renovation.

Auction Details

** Open for mortgage buyers also. 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 1^st September 2022 at 1:30pm (subject to anti-sniping)

Bidding Window Opens – Tuesday 30^th August 2022 (Bidding will not be possible until this time)

Starting price – £230,000 (Reserve price is higher & unpublished, typically the starting price will be 15 – 20% below the Reserve figure as per our Buyer Terms)

Viewings

Bidding is only permitted for those who have viewed. Please register as a buyer on the Hammer Price Homes website and book in for an open day.

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 sold as seen. This is a probate sale so the solicitor / administrator may not be able to answer the usual pre-contract questions.