A 3 bedroom end of terrace house in Brandram Road, a sought after location in the middle of Lewisham and Blackheath, providing good transport links with DLR access from Lewisham in Zone 2. Ideal letting investment with an estimated rent of £2,500 PCM, gross yield 10.34% PAX. The property is leasehold with 33 years remaining and only suitable for cash buyers.
Auction date
To be sold by online auction on Friday 16th December 2022 with a 6 WEEK COMPLETION, bidding will open at 10.00.
To view
Viewings will be conducted prior to the auction, please visit our website to book an appointment at firstforauctions.co.uk
Registration
All bidders/potential buyers are required to register ahead of the auction date to be able to bid/buy, please visit our website to setup an online auction account.
Location
* Close to local schools and amenities * Good access to Blackheath Village * DLR access from Lewisham in Zone 2 * M25 access via A20
Description
* End of terrace house * 3 bedrooms * Cash buyers only
Accommodation
Comprises:
Ground floor
Entrance hall, living room, dining room, kitchen
First floor
3 bedrooms, bathroom
Outside
Front and rear garden with driveway parking
EPC rating
D
Tenure
Leasehold with vacant possession
Lease
80 years from 29 September 1976 - 33 years remaining. The freeholder has quoted a premium of £164,928 to extend the lease, further details available in the legal pack.
Ground rent
£10 per annum, please see legal pack for further details.
Council tax band
D - London Borough of Lewisham
Legal pack
For each lot there are Special Conditions of Sale and other documentation provided by the vendor’s solicitors. If you wish to receive the Legal Pack, you will be able to register for this via the link on our website. You will receive notification by email once the Legal Pack is received from the solicitor.
Additional fees
A buyers charge of £1,200 including VAT is payable on each lot that you buy, in addition to the sale price. Please be aware there may be other additional fees, including disbursements contained in the legal pack payable on completion. Please ensure that you check the legal pack for each lot that you are interested in, prior to bidding.
* Generally speaking Guide Prices are provided as an indication of each seller's minimum expectation, i.e. 'The Reserve'. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Virtually every property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide.
By setting a proxy bid, the system will automatically bid on your behalf to maintain your position as the highest bidder, up to your proxy bid amount. If you are outbid, you will be notified via email so you can opt to increase your bid if you so choose.
If two of more users place identical bids, the bid that was placed first takes precedence, and this includes proxy bids.
Another bidder placed an automatic proxy bid greater or equal to the bid you have just placed. You will need to bid again to stand a chance of winning.
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Call 01344 753120
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