Flat 3(C), 24 Palmerston Road, Westcliffe-on-Sea, SS0 7TB

Flat 3(C), 24 Palmerston Road, Westcliffe-on-Sea, SS0 7TB

Overview

Hammer Price Homes are delighted to present for sale by online auction this vacant & chain free, 1^st floor flat in a popular residential area of Westcliff-on-Sea. Open for cash buyers only.

The accommodation briefly comprises of: Entrance hallway leading to a living room, kitchen, bedroom and a bathroom. There is also a private balcony (West facing) adjoining the main living area providing outdoor space with views across to the estuary.

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

The property is subject to a short leasehold of 61 years and is therefore deemed unmortgaeable. The vendor will be willing to serve the section 42 notice to the freeholder to extend the lease prior to completion but the extension would be carried out by the buyer post-completion and cannot hold up the strict 60day strict completion term. The buyer will be responsible for any of the vendors legal fees associated with serving the section 42 notice.

The property sold earlier in 2023 but the sale fell through as the buyer was unable to attain a mortgage due to the short lease.

A search pack is available for download from the Hammer Price Homes website. 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

Palmerston Road is within a short walking distance of the beach, Westcliff Station, and local amenities. It is also well placed to access transport links and is in the catchment area for St Bernard’s High School and Barons Court Primary School and Nursery

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 or the lease extension. 60 days to complete.

Other Information

Tenure: Leasehold (61 years and 6 months remaining)

Service Charge: £916 for 2023, was £1,017 for 2022.”

Ground Rent: £90 per annum

Management pack information – LPE1 This was sourced during a previous sale (May 2023) and contains useful information regarding the management company rules and charges etc. Please note that any arrears relating to the current owner will be settled by the solicitor handling the probate administration on completion. Arrears will not pass to the buyer. The LPE1 and other supporting documents are available for download from the Hammer Price Homes Website

Section 20 notice: Please see section 20 notice available for download which states the intention to replace the flat roof at the rear of the building. We are not aware of the likely cost at this stage but these will fall and the buyer post completion.

Lease Extension Costs: We do not have indicative lease extension costs so these will need to be ascertained by the buyer. Should the buyer wish, the vendor will issue a section 42 notice and pass the rights over to the buyer on completion. The buyer will be responsible for any associated legal fees for the vendors.

Lease: A copy of the lease and other Land Registry documents are available for downlaod

Auction Details

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

Auction ends – Wednesday  11^th October 2023 at 1:30pm (please read anti-sniping rules which may extend the auction)

Bidding Window Opens – Monday  9th October 2023 at 10am (Please note bidding won’t be possible until this time)

Starting price – £96,000 (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 will 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.