2 Bedroom First Floor Maisonette, 680a Hanworth Road, Hounslow, TW4 5NS

Overview

Hammer Price Homes are delighted to present for sale by online auction this 2 bedroom first floor maisonette in Hounslow. The property has a short lease (32 years remaining) and as such is deemed unmortgageable, for this reason this auction is open to cash buyers only.

The property, which is accessed via a private entrance stairway to the side of the property, briefly comprises: To the first floor is an entrance hallway leading to a living room, kitchen, bathroom and two bedrooms.

Outside there is a pleasant private garden to the rear of the property. For boundary details, please see photos and view the land registry document which includes a title plan, this is available for download from the Hammer price homes website.

The property is in need of modernisation throughout and presents a good opportunity for those looking for a project.

Please see the other information section regarding the short lease and the anticipated costs to extend the lease.

The property is sold as seen and is open for cash buyers only. There will be no grounds to withdraw from the sale with a return of the reservation fee citing issues around the condition of the property or for anything to do with the short lease / lease extension.

To view the property please visit the Hammer Price Homes website, register as a buyer and book in for a viewing.

Location

The property is very well placed, with Whitton town centre just a 6 minute drive away, which boasts a range of amenities including shops, eateries and a post office. Whitton train station is just a 5 minute drive away from here, with direct links to London, which can be reached in around 30 minutes. There are also a number of green open spaces close by including Crane Park, and Hounslow Heath, a lovely nature reserve with walking trails which is just a short stroll from here.

Special Conditions

This auction is strictly open for cash buyers only as due to the short lease the property is considered unmortgageable. You will not be able to withdraw from the purchase with a return of the reservation fee citing issues around financing the property, for any reasons concerning the short lease / lease extension, or for any reasons around the general condition of the property.

Other Information

Tenure – Short lease with 33 years remaining (99 years from 24^th June 1956)

Please see a copy of the lease which is available to download from the Hammer Price Homes website.

Ground rent – £9.50 per annum

Service charge – The flats are maintained privately by the owners and as such there is no maintenance / service charges payable.

Lease Extension – Please note that the new buyer will be responsible for extending the lease if they wish to do so, post completion. Shepherd Property Consultants are the management company for the freeholder, and advised in June 2021 that the cost to extend the lease by 90 years would be £100,000.

The vendors solicitor has advised that they will be willing to issue the section 42 and pass the rights over to the buyer if the buyer wishes. The buyer will be responsible for the vendor’s associated legal costs for issuing the section 42.

There may be other legal fees, such as the freeholders legal fees to consider. Please do you own research and if needed, seek legal advice prior to bidding.

Auction Details

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

Please note that there is a Reservation fee (3% Inc. VAT subject to a minimum of £3,000 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 – Wednesday 1^st June 2022 at 1pm (Subject to anti-sniping)

Bidding Window Opens – Monday 30^th May 2022 at 10am (Bidding will not be possible until this time)

Starting price – £96,000 (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 and book in for a viewing. Bidding is only permitted for those who have viewed. Viewers must to 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 by trustees. The trustees/solicitor have never lived at the property so may not be able to answer the usual pre-contract questions.