Top Floor Studio Flat & Garage, Flat 21 Clifton House, 19 Campbell Road, Croydon, CR0 2SQ
Overview
Hammer Price Homes are delighted to present for sale by online auction this vacant & chain free, top floor studio flat and garage in Croydon.
The property briefly comprises: There is an entrance hallway leading to a living room / bedroom, kitchen and bathroom.
The property comes with a garage (No 21) and there are communal gardens.
The tenure is a share of freehold.
The flat is in need of significant modernisation throughout and due to the general condition this auction is open to cash buyers only as you will not be able to finance through a traditional mortgage. The property is sold as seen and you will not be able to withdraw from the sale with a return of the reservation fee citing issues around securing lending on the property or for reasons concerning the general condition of 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
Clifton house is well placed close to local amenities and just a short walk from Croydon Hospital. Croydon Town Centre, with its array of bars, shops and restaurants is located around a mile away from here and West Croydon Train Station is just a 15 minutes’ walk away.
Special Conditions
This auction is open for cash buyers only as due to the condition we feel you will not be able to secure lending through a traditional mortgage. You will not be able to withdraw from the sale with a return of the reservation fee citing issues around securing lending on the property or for reasons concerning the condition of the property.
Other Information
Tenure – share of freehold (85 years remaining on current lease) – A copy of the Lease is available for download from the Hammer Price Homes website. Please be advised that there would be no charge to extend the lease, however the buyer will have to pay any associated legal (solicitor) fees for the freeholder in order to extend the lease.
Ground rent: £5 per annum
Service charges: The service charges are due yearly in advance on 1st April. The service charge for the period of April 1st 2021 – March 31st 2022 is £1,006.
Auction Details
** Open to cash buyers also. 90 days to complete, no deposit payable**
Please note that there is a Reservation fee (2.4% 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 11th August 2021 at 1pm
Bidding Window Opens – Monday 9th August 2021 (Bidding will not be possible until this time)
Starting price – £85,000 (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.
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 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
