This sale is strictly open for cash buyers only as due to the condition the property is deemed unmortgageable. There will be no grounds for the buyer to withdraw from the sale with a return of the reservation fee citing issues around the condition of the property (including anything of a structural nature), for any issues in financing the purchase, or for any concerning information within the searches. The property is sold as seen.
60 days to complete.
Searches have been ordered and will be made available for download from the Hammer Price Homes website prior to the bidding taking place. The winning bidder will be required to pay for the search pack which is £300 (Inc. VAT), this is payable at the same time as the reservation fee. Prospective buyers are to review all searches available prior to bidding.
Hammer Price Homes are pleased to present for sale by online auction this 1 bedroom second floor flat in Forest Gate, London. The sale is strictly open for cash buyers only.
The property briefly comprises: An entrance hallway with stairs giving access to a landing leading to a living room, kitchen, 1 bedroom and a bathroom.
To the rear the property benefits from a portion of a large, enclosed garden (edged red on the Leasehold Title Plan).
Please see ‘Tenure/Management Information’ section for tenure, freeholder information, management pack information, service charges and ground rent.
The property requires full renovation throughout, and this sale is strictly open for cash buyers only due to the condition, it is deemed unmortgageable. There will be no grounds for the buyer to withdraw from the sale with a return of the reservation fee citing issues around the condition of the property (including anything of a structural nature), for any issues in financing the purchase, or for any concerning information within the searches. The property is sold as seen.
Prospective buyers are to obtain their own independent legal advice in relation to the Property, the Tenure and Management information prior to taking part in the auction.
To view the property please visit the Hammer Price Homes website, register as a buyer and book in for a viewing.
The property is conveniently set in a family-friendly street with a real sense of community and within easy reach to Westfield Stratford (boasting over 200 shops, restaurants and bars) and The Queen Elizabeth Olympic Park with the cafes and bars of East Village & Hackney Wick.
Excellent transport links are nearby with Stratford station (Central Line, Jubilee Line, DLR & National Rail) Forest Gate (Overground) providing easy access into the City, West End and beyond.
There are also a variety of reliable bus links on the doorstep and excellent road links for the motorist with the A12 and A406 easily accessible.
This sale is strictly open for cash buyers only as due to the condition the property is deemed unmortgageable. There will be no grounds for the buyer to withdraw from the sale with a return of the reservation fee citing issues around the condition of the property (including anything of a structural nature), for any issues in financing the purchase, or for any concerning information within the searches. The property is sold as seen.
60 days to complete.
Tenure – Leasehold (89 years remaining) – Land Registry documents and a copy of the original Lease dated 07.10.1988 are available for download from the Hammer Price Homes website.
Service Charge: £1,548 per annum (last demand covers period 25/06/2024 to 24/06/2025).
Ground Rent: £75 per annum
Freeholder Information: G & O ESTATES LIMITED
Management pack information – LPE1 has been obtained from the management company and contains useful information regarding the management company rules and charges etc. The LPE1 and other supporting documents are available for download from the Hammer Price Homes Website.
Lease: A copy of the lease and other Land Registry documents are available for download.
Prospective buyers are to obtain their own independent legal advice in relation to the Property, the Tenure and Management information prior to taking part in the auction.
The Administrator / Solicitor dealing with the estate has never lived at the property and therefore has limited knowledge. The below information has been provided to the best of our knowledge and should not be relied on in full. Please note due to the nature of the property some of the services may be isolated.
Council Tax Band – B
EPC Rating – E
Accessibility – The flat is located on the second floor with stepped access only.
Utilities:
Primary source of Water Supply: Assumed Mains
Primary source of Electricity Supply: Assumed Mains
Primary source of Gas Supply: Mains Gas Supply (information taken from EPC Certificate)
Source/s of heating: Boiler & Radiators (information taken from EPC Certificate)
Primary arrangement for Sewerage/Drainage: Foul and Surface water from the property drains into a public sewer (information taken from the Regulated Drainage & Water Search).
Searches have been ordered and will be made available for download from the Hammer Price Homes website prior to the bidding taking place. The winning bidder will be required to pay for the search pack which is £300 (Inc. VAT), this is payable at the same time as the reservation fee. Prospective buyers are to review all searches available prior to bidding.
** Strictly open for cash buyers only. 60 days to complete**
Auction ends – Thursday 12th September 2024 at 1:30pm (Subject to anti-sniping).
Bidding Window Opens – Tuesday 10th September 2024 at 12:00pm (Bidding will not be possible until this time).
Starting price – £128,000 (Reserve price is higher & unpublished, typically the starting price will be 15 – 20% below the Reserve figure as per our Buyer Terms)
All fees are payable by bank transfer only (we do not take card payments).
Reservation Fee – Please note that there is a Reservation Fee (3.6% Including VAT) payable by the buyer 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.
Searches –The buyer is required to pay £300 (Inc. VAT) for the search pack. This is payable at the same time as the reservation fee.
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 stick to their time precisely.
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 has never lived at the property so may not be able to answer the usual pre-contract questions or provide a property information form.
Comprises of an entrance hallway leading to these rooms:
Comprises of a landing leading to these rooms:
