Guide price
£140,000
1 bed flat for saleQueens Road, East Grinstead RH19
1 bed
1 bath
1 reception
EPC Rating: C
- Auction
Pattinson - Auctions
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About this property
Being Sold via Secure Sale Online Bidding T&c's Apply
One Bedroom Apartment
Ground Floor
Currently Tenanted achieving 925 pcm
Town Centre Location
Ideal Buy to Let Investment
Summary
Pattinson Auction are delighted to welcome this one bedroom apartment to the sales market. The property is located in East Grinstead's Town Centre within easy reach of the mainline train station and local amenities. This property would be ideal for first time buyers or buy to let investors and would likely return a rental yield in the region of 6.5% - 7%.
Entering the property from the communal hallway into the spacious lounge with double glazing to the front aspect, radiator and door leading to the hallway. The kitchen can be found to the right with a range of matching base and eye level units with stainless steel sink and mixer tap and space for gas hob, washing machine, fridge/freezer. All white goods can remain in the property. The spacious double bedroom to the rear of the property with views over the gardens and access to the bathroom with shower cubicle, low level WC, pedestal handwash basin and towel rail.
A viewing of this property is highly recommended to appreciate the location, size and value for money. Please call one of our sales team on to arrange an appointment.
Council Tax Band: A
Tenure: Leasehold
Length Of Lease: 116
Annual Ground Rent Amount: 250.00
Service Charge Review Period: As and when
Auctioneers Additional Comments
Pattinson Auction are referred to below as The Auctioneer. This auction lot is being sold under either conditional (Modern) or unconditional (Traditional) auction terms and overseen by the auctioneer. The property is available to view strictly by appointment only via any Marketing Agent or The Auctioneer. Please be aware that any enquiry, bid or viewing of the subject property will require your details being shared between any marketing agent and The Auctioneer so that all matters can be dealt with effectively. The property is being sold via a transparent online auction. To submit a bid on any property marketed by The Auctioneer, all bidders buyers must adhere to a verification of identity process in line with Anti Money Laundering procedures. Bids can be submitted at any time and from anywhere. Our verification process is in place to ensure aml procedures are carried out in accordance with the law
Auctioneers Additional Comments
The advertised price is commonly referred to as a Starting Bid or Guide Price and is accompanied by a Reserve Price. The Reserve Price is confidential to the seller and the auctioneer and will typically be within a range above or below 10% of the Guide Price, Starting Bid. These prices are subject to change. An auction can be closed at any time with the auctioneer permitting for the property (the lot) to be sold prior to the end of the auction. A Legal Pack associated with this particular property is available to view upon request and contains details relevant to the legal documentation enabling all interested parties to make an informed decision prior to bidding. The Legal Pack will also outline the buyers obligations and sellers commitments. It is strongly advised that you seek the counsel of a solicitor prior to proceeding with any property and/or Land Title purchase.
Auctioneers Additional Comments
In order to secure the property and ensure commitment from the seller, upon exchange of contracts the successful bidder will be expected to pay a non-refundable deposit equivalent to 5% of the purchase price. The deposit will form part of the purchase price. A non-refundable reservation fee of up to 6% inc VAT (subject to a minimum of 6,000 inc VAT) is also payable upon agreement of sale. The Reservation Fee is in addition to the agreed purchase price, and consideration should be given by the purchaser to any Stamp Duty Land Tax liability associated with the overall purchase costs. Both the Marketing Agent and the Auctioneer may consider it necessary or beneficial to pass customer details to third-party service suppliers, from whom a referral fee may be received. There is no requirement or obligation to use any recommended suppliers or services.
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