2 bed maisonette for sale

Raleigh Gardens, Mitcham CR4

2 Bedroom, Ground Floor Maisonette, 38 Raleigh Gardens, Mitcham, London, CR4 3NS

Overview

Hammer Price Homes are pleased to present for sale by online auction this 2 bedroom ground floor maisonette in Mitcham, London. The sale is strictly open for cash buyers only (buyers who are not reliant on any form of finance).

The property briefly comprises: To the ground floor, a side entrance hallway leading to a lounge, kitchen, 2 bedrooms and a bathroom.

Externally there are gardens to the front of the property, a private garden to the rear and a courtyard to the side. Please refer to the Official Copy (Title Plan) - SY138018 showing the red boundary line. As to the part tinted pink on the filed plan only the lower maisonette is included in the sale. A right of way is granted over the passage way colored yellow on the plan in the Official Copy (Lease) dated 29.11.2005 - SGL673636 40 Raleigh Gardens.

Whilst the property has been mostly cleared, some items remain in the side garden, as seen on the property photography. The winning bidder will be responsible for clearing all gardens and their contents, post completion.

The property requires extensive renovation works throughout, and this sale is strictly open for cash buyers only, (buyers who are not reliant on any form of finance) due to the condition and short lease (29 years remaining), we feel the property is unmortgageable. There will be no grounds for the buyer 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 any issues in financing the purchase, or for any information within the searches. The property is sold as seen.

Due to the condition of the property, viewing is deemed essential.

To view the property please visit the Hammer Price Homes website, register as a buyer and book in for a viewing.

Location

The property is situated in the heart of Mitcham entre, just a stones throw from various amenities and schools and boasts proximity to Mitcham Eastfields, Mitcham Tram, and Tooting Broadway stations for easy commuting access.

Special Conditions

This sale is strictly open for cash buyers only, (buyers who are not reliant on any form of finance), as due to the condition the property and short lease (29 years remaining), we feel the property is unmortgageable. There will be no grounds for the buyer 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 any issues in financing the purchase, or for any information within the searches. The property is sold as seen.

28 days to complete.

Tenure / Management information

Tenure - Leasehold (29 years remaining) – Land Registry documents are available for download from the Hammer Price Homes website.

The Lease dated 1st July 1955 is not available at the Land Registry for download. An indemnity policy for any missing documentation can be sourced during the conveyancing process should the buyer wish.

Ground Rent: £7.70 per annum

Freeholder Information: J.J.C. Investment Company Limited

Management pack information – LPE1 has been obtained from the management company 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 is available for download from the Hammer Price Homes Website

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: An Official Copy (Lease) dated 29.11.2005 – SGL673636 40 Raleigh and other Land Registry documents are available for download. Please note this is the lease for number 40 Raleigh Gardens and is uploaded for the purposes of highlighting the right of way for number 38 Raleigh Gardens.

Other information

The Administrator / Solicitor dealing with the estate has never lived at the property and therefore has limited knowledge. The below information has been provided to the best of our knowledge and should not be relied on in full. Please note due to the nature of the property some of the services may be isolated.

Council Tax Band – C
EPC Rating – D

Utilities:
Primary source of Water Supply: Assumed Mains
Primary source of Electricity Supply: Assumed Mains
Primary source of Gas Supply: Mains Gas Supply (information taken from EPC Certificate)
Source/s of heating: Boiler & Radiators (information taken from EPC Certificate)
Primary arrangement for Sewerage/Drainage: Due to the property being on a residential street, it is assumed that it is connected to a public sewer.

Searches

Searches have been ordered and will be made available for download from the Hammer Price Homes website prior to the bidding taking place. The winning bidder will be required to pay for the search pack which is £300 (Inc. VAT), this is payable at the same time as the reservation fee. Prospective buyers are to review all searches available prior to bidding.

Auction Details

** Strictly open for cash buyers only (buyers who are not reliant on any form of finance). 28 days to complete**

Auction ends – Wednesday 4th June 2025 at 1:30pm (Subject to anti-sniping).
Bidding Window Opens – Monday 2nd June 2025 at 12:00pm (Bidding will not be possible until this time).
Starting price - £36,000 (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 – Please note that there is a Reservation Fee (3.6% of the eventual sale price, including VAT, subject to a minimum fee of £3,600 Including VAT) payable by the buyer 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.

Searches –The buyer is required to pay £300 (Inc. VAT) for the search pack. This is payable at the same time as the reservation fee.

Viewings

To view the property please visit the Hammer Price Homes website, register as a buyer and book in for a viewing. Bidding is only permitted for those who have viewed. Viewers must stick to their time precisely.

Property Details

Approx. Gross internal floor area – 639 sq ft / 59.40 sq M

Ground Floor
Comprises of an entrance hallway leading to these rooms:
Lounge – 15’3 x 10’4 (4.64m x 3.14m)
Kitchen – 13’2 x 6’10 (4.01m x 2.08m)
Bedroom 1 – 15’3 x 10’4 (4.64m x 3.14m)
Bedroom 2 – 12’0 x 10’5 (3.65m x 3.17m)
Bathroom – 7’7 x 5’2 (2.31m x 1.58m)

Parking
On Street Permit Parking

Proof & Source of funds

In order to satisfy our Anti-Money Laundering obligations, winning bidders are required to complete their source of funds questionnaire within 24 hours of the close of the auction. This will detail how they will finance the purchase and provide supporting evidence as to the source of the funds (such as bank statements). It is advised that anybody bidding on a property prepares this information prior to taking part in an auction so that it is readily available. See our buyers faq’s for further information.

Current proof of funds may also be requested from registered buyers, prior to enabling their account for bidding, as part of our affordability checks.

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.