2 bed flat for sale

Alexandra Road, Ryde, Isle Of Wight PO33

Offered to the market 'chain free' is this 2 bedroom, ground floor flat located in the quietest spot at the back of this period building in Ryde. The flat comes complete with parking and use of the lawned communal garden to the rear. This ground floor layout comprises a good size lounge with bay and 3 large windows, 1 good double bedroom, 1 smaller double bedroom, kitchen and bathroom. The flat will need a little updating but does benefit from double glazing, electric heating and ample storage cupboards. This would make an ideal purchase for those requiring accommodation all on one level with no steps or those seeking a 'buy to let' rental investment property for which this has been successfully used up until recently. Main bus routes towards Ryde town centre and Sandown pass nearby and even the beach and seafront are less than a 10 minute walk. The flat could also be of interest to those seeking a holiday home given its ideal location.
Leasehold: 88 years remaining (can be extended to 800+ years upon application)
council tax band: B
ground rent: £50pa
service charge: £1200pa

Auctioneer Comments
This property is for sale by the Modern Method of Auction. Should you view, offer or bid on the property, your information will be shared with the
Auctioneer, iamsold Limited. This method of auction requires both parties to complete the transaction
within 56 days of the draft contract for sale being received by the buyers solicitor. This additional time allows buyers to proceed with mortgage finance (subject to lending criteria, affordability and survey).
The buyer is required to sign a reservation agreement and make payment of a non-refundable Reservation
Fee. This being 4.5% of the purchase price including VAT, subject to a minimum of £6,600.00 including VAT.
The Reservation Fee is paid in addition to purchase price and will be considered as part of the chargeable
consideration for the property in the calculation for stamp duty liability. Buyers will be required to go through an identification verification process with iamsold and provide proof of how the purchase would be funded. This property has a Buyer Information Pack which is a collection of documents in relation to the property. The documents may not tell you everything you need to know about the property, so you are required to complete your own due diligence before bidding. A sample copy of the Reservation Agreement and terms and conditions are also contained within this pack. The buyer will also make payment of £300 including VAT towards the preparation
cost of the pack, where it has been provided by iamsold. The property is subject to an undisclosed Reserve Price with both the Reserve Price and Starting Bid being subject to change.

Please call us to discuss this route of purchasing.