2 Bedroom Top Floor Flat, Flat 4, 31 Corfton Road, Ealing, London, W5 2HP

Overview

Mortgage buyers welcome.

Hammer Price Homes are delighted to present for sale by online auction this vacant & chain free, 2 bedroom top floor flat located in the prestigious W5 area of Ealing.

The accommodation briefly comprises: There is an entrance hallway leading to a kitchen, bathroom, a well sized reception room and 2 large bedrooms. The flat offers over 900 square feet of living space and would create a perfect family home or be a great addition to a rental portfolio.

Outside there is a communal driveway, whilst owned by the freeholder, it currently operates on a one space per flat first come first served basis.

The flat is in need of some work and presents a good opportunity for those who are looking for a modernisation project. Please see the other information section for lease details, the section 20 notice and ground rent / maintenance charges.

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

Location

This property is set on the desirable Corfton road and is located less than a 10 minute walk from the local amenities that Ealing Broadway has to offer, including an array or restaurants, coffee shops, bars, supermarkets and a shopping centre. The property is perfect for commuters with Ealing Broadway and North Ealing underground stations both positioned just over half a mile away offering easy direct access to the centre of London.

Other Information

Tenure: Leasehold (146 years remaining)

Section 20 – Whilst estimates have been shared in regards to the section 20 notice of between £55,000 and £75,000, the freeholder is first seeking approval for scaffolding to be erected on the building which will allow access to all windows, the roof, gutters, fascia’s, soffits and the front elevation. Once this is done they can cost up and agree the works that are required.There are already funds in place for the scaffolding so there will be no costs payable for the scaffolding buy the buyer. The scaffolding is expected to be up for around 20 weeks in total. So far, 4 out of 5 flats (including flat 4) have already agreed to the scaffolding being put up, with one leaseholder remaining to agree to this.

Ground rent: Non payable

Maintenance Charges: There is no fixed monthly / yearly fee payable; the freeholder will call upon the leaseholders to contribute when works are required. Please see the Counterpart lease section 4 which does state ‘the sum of two thousand pounds or such other sum to be paid on account of the service charges in respect of each accounting period’ .The freeholder stated that nobody wanted to pay the service charges on a regular basis, he therefore asks when the funds are low and things need paying. Although this could change at some point in the future.

Auction Details

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 above. (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 5th December 2018 at 1pm (please read anti-sniping rules which may extend the auction)

Bidding Window Opens – Monday 3^rd December 2018 (Please note bidding won’t be possible until this time)

Starting price – £320,000 (Reserve price is higher & unpublished)

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 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.