2A Stanley Road, Enfield, EN1 1NG

First floor, maisonette studio flat and garages, 2A Stanley Road, Enfield, EN1 1NG

Overview

Hammer Price Homes are delighted to present for sale by online auction this vacant & chain free, first floor maisonette studio flat and three single garages to the ground floor. Open for cash buyers only.

The first floor maisonette studio flat accommodation briefly comprises of: entrance hallway leading to an open plan living/bedroom, kitchen, and bathroom.

To the ground floor there are three single garages and the small parcel of land (driveway) to the front of the garages.

The accommodation requires full refurbishment and would suit those looking for a modernisation project. The plot may offer some development potential, and any planning application should be done post completion.

The sale comprises of both a freehold and leasehold title. The entire plot is registered as Freehold title number MX168060. Although the first floor, maisonette studio flat and right of access makes up the Leasehold title number MX468608. Both titles are registered and owned by the deceased (probate property) and will be transferred to the buyer on completion.

Because there are two separate titles being sold as part of the sale (Freehold and Leasehold – 40 years remaining) merging the titles could be considered by Land Registry post completion. The completion of the sale should not be dependent on the titles being merged prior to completion. Land Registry documents are available for download from the Hammer Price Homes website and should be viewed before bidding.

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

The property is within walking distance of many local amenities including shops, schools, pubs, restaurants, and areas of public open space/playing fields. Enfield Town train station is only a short walk away, providing good public transport links to central London. The property also benefits from good access to major road networks including the A10 and M25 motorway.

Special conditions

This sale is strictly open for cash buyers only as due to the condition the property is deemed unmortgageable. There will be no grounds 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 issues financing the purchase, the merging of titles, or for anything to do with the searches. 60 days to complete.

Other Information

Tenure: The property has both Freehold and Leasehold (40 years remaining) legal titles. Merging the titles could be considered by Land Registry post completion. Land Registry documents are available for download from the Hammer Price Homes website and should be viewed before bidding. Please see title plans for boundary information.

Auction Details

** Open to cash buyers only. 60 Days to complete**

Auction ends – Thursday 21^th September 2023 at 1pm (please read anti-sniping rules which may extend the auction)

Bidding Window Opens – Tuesday 19^th September 2023 at 10am (Please note bidding won’t be possible until this time)

Starting price – £136,000 (Reserve price is higher & unpublished, typically the starting price will be 15 – 20% below the Reserve figure as per our Buyer Terms)

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 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.