2 bedroom house

For sale by Modern Method of Auction; Starting Bid Price £220,000 plus Reservation Fee.

Miles and Barr are delighted to offer this lovely two bedroom investment opportunity to market.
Sold with a long standing Tennent in Situ, the home offers two double bedrooms and a family bathroom upstairs, and a lounge/diner with a kitchen downstairs with a courtyard garden outside.

The Home is in good condition with no immediate works needed, and is in the sought after East Cliff part of Ramsgate with easy access to the town and Sea.

This is a fantastic investment opportunity for either a first time investor or something to add to a larger portfolio.

This property is for sale by "Regional Auction name powered by iamsold Ltd" or "iamsold Ltd"

"Please note that there is currently a tenant in-situ and they could be required to be given up to 2 months' notice to vacate the property"

Ramsgate is situated on the southerly aspect of the Isle of Thanet and benefits the country's only Royal Harbour, its status being granted by King George 1V in 1821. The distinctive and beautiful harbour has a vibrant yachting community alongside some commercial activity and was where the Little Ships evacuation of Dunkirk set out from in 1940. The town is enjoying something of a Renaissance with its large amount of Grade II Listed property, many set within elegant Regency squares, or overlooking the sea, others with links to or influenced by the architect Augustus Pugin. In recent years the Royal Harbour has seen many restaurants, cafes and bars emerge alongside quirky independent retail outlets, some utilising the arches on the quayside beneath Royal Parade. The town is steeped in history with associations to many well known figures including Queen Victoria , Karl Marx and Vincent Van Gogh as well as having a fascinating network of tunnels beneath the main centre. The fortunes of the town have been hugely assisted by the recent addition of a high speed rail link to London St Pancras making a commute for many a viable option.

Entrance -

Ground Floor -

Lounge/Diner - 7.01m x 3.48m (23'00 x 11'05) -

Kitchen - 2.49m x 2.06m (8'02 x 6'09) -

First Floor -

Bathroom - 2.44m x 2.06m (8'00 x 6'09) -

Bedroom Two - 3.40m x 2.72m (11'02 x 8'11) -

Bedroom One - 4.19m x 3.58m (13'09 x 11'09) -

External -

Identification Checks - Should a purchaser(s) have an offer accepted on a property marketed by Miles & Barr, they will need to undertake an identification check. This is done to meet our obligation under Anti Money Laundering Regulations (AML) and is a legal requirement. | We use a specialist third party service to verify your identity provided by Lifetime Legal. The cost of these checks is £60 inc. VAT per purchase, which is paid in advance, directly to Lifetime Legal, when an offer is agreed and prior to a sales memorandum being issued. This charge is non-refundable under any circumstances.

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.

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 4.2% of the purchase price including VAT, subject to a minimum of £6,000.00 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 £300.00 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.