1^st Floor 1 Bedroom Flat, Flat 33 St Catherine’s Court, Littlehampton, BN17 5HP

Overview

Hammer Price Homes are delighted to present for sale by online auction this vacant & chain free, first floor one bedroom retirement flat in St Catherine’s Court, Littlehampton.

The auction is recommended for cash buyers only; see the special conditions section for further details.

The accommodation briefly comprises: Entrance hallway leading to a living room, kitchen, bedroom and bathroom. St Catherine’s Court also benefits from having a communal lounge, laundry room and other facilities available for use by the residents. The property also has an onsite estate manager available from 9am – 5pm Monday to Friday. See other information section below for further information including service charge amounts.

Outside there are communal grounds and undesignated parking spaces.

Whilst this property can only be lived in by residents that are over 60 years of age, having spoken with the freeholder (Hanover Housing Association) they have advised that somebody who is younger than 60 can purchase the flat and rent out the property to somebody who is at the required age.

The property requires enhancement throughout and provides a good opportunity for those looking for a modernisation project.

To view this property please visit the Hammer Price homes website and register your details.

Location

The property is conveniently placed within walking distance from Littlehampton High Street which offers easy access to a wide range of local amenities. Green open spaces can be found close by as can Little Hamptons East beach, which is less than a 10 minute walk away. The property is also well placed for commuters, with Littlehampton Train Station less than half a mile away, accessing the road major network is also easy from here.

Special Conditions

Recommended for cash buyers. As this is a retirement property, we believe that it could be difficult obtaining a mortgage to finance the purchase. If you are planning on getting a mortgage then please check with your lenders prior to bidding as there will be no grounds to withdraw from the sale with a return of the reservation fee citing issue around financing the purchase.

Auction Details

** Recommended for cash buyers only. 90 Days to complete and no deposit payable**

Please note that there is a Reservation fee (2.4% Inc. VAT subject to a minimum of £2,400 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.

To view the property you must register and book on one of the open days as detailed on the website. (Please note: Entrance will be refused if you are not on the list so please make sure you book your place using the online system. Lists close 24 hours before the open day starts so book in plenty of time.)

Auction ends – Wednesday 19^th February 2020 at 1pm (please read anti-sniping rules which may extend the auction)

Bidding Window Opens – Monday 17^th February 2020 (Please note bidding won’t be possible until this time)

Starting price – £35,000 (Reserve price is higher & unpublished)

Other Information

Tenure – Leasehold with 64 years and 11months remaining. Offered with a unique lease set up where the vendor can extend the lease by a further 99 year free of charge in the last year of the lease.

Maintenance charges – Currently around £187 per month. This includes water for the flat. It also includes electricity and maintenance for communal areas, as well as having an onsite estate manager (general hours are 9am – 5pm).

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 and the buyer honoured to pay it. 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 solicitor to the estate has never lived there and may not be able to answer the usual pre-contract questions.