44 Sylvan Road, London, SE19 2RZ

Second Floor Studio Apartment, 44 Sylvan Road, London, SE19 2RZ

Overview

Hammer Price Homes are delighted to present for sale by online auction this vacant & chain free, 2nd floor studio apartment in a popular residential area of Crystal Palace. Open for cash buyers only.

The accommodation briefly comprises of: Entrance hallway leading to an open plan living area, kitchen, and bathroom. There is also a private balcony (South facing) adjoining the main living area providing outdoor space overlooking the pleasant vibrant communal gardens.

The vendors are looking for a quick sale hence the restriction to cash buyers only.

The accommodation requires full refurbishment and would suit those looking for a small modernisation project.

The service charge covers the maintenance of communal areas, building insurance and building works (including future planned works).

A search pack has been ordered and will be available for download from the Hammer Price Homes website prior to the start of the auction. This will be payable by the buyer at a cost of £300 (Inc. VAT) at the same time as the reservation fee.

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

Location

Sylvan Road is within walking distance to Crystal Palace Station servicing direct links into London Victoria, London Bridge & Shoreditch via the Overground Line. Crystal Palace Triangle is also within easy reach offering a wide range of amenities and restaurants.

Special conditions

This auction is open to cash buyers only. Please note that there will be no grounds to exit the sale with a return of the reservation fee if you withdraw for any reasons connected with securing lending on the property or for anything concerning information in the searches. 60 days to complete.

Other Information

Tenure: Leasehold (958years remaining) with a share of the Sylvan Estate Management Company (SEMCL).

Service Charge: Circa £3,680 per annum payable in advance in 4 quarterly instalments in March, June, Sept & Dec. Please see the document available for download from the Hammer Price Homes website labelled “Accounts – Service Charge.”

Ground Rent: £5 per annum rising to £30 per annum.

Sylvan Estate Rules – Please see the welcome pack available for download on the Hammer Price Homes Website which provides the Sylvan Estate shareholders and residents with some key information about their property and about living on the Sylvan Estate.

Estate Block: Block 4

Auction Details

** Open to cash buyers only. 60 Days to complete and no deposit payable**

Auction ends – Wednesday 6^th September 2023 at 1pm (please read anti-sniping rules which may extend the auction)

Bidding Window Opens – Monday 4^th September 2023 at 10am (Please note bidding won’t be possible until this time)

Starting price – £86,500 (Reserve price is higher & unpublished)

Fees

All fees are payable by bank transfer only (we do not take card payments).

Reservation Fee – There is a Reservation Fee of 3.6% (Inc. VAT) payable by the winning bidder within 2 hours of 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.

Search Fees – The buyer is required to pay £300 (Inc. VAT) for the search pack. This is payable at the same time as the reservation fee. The Searches be available for download from the Hammer Price Homes website prior to the start of the auction.

Viewings

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

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.