This property is no longer on the market
2 bedroom apartment
Key information
Property description & features
- Tenure: Leasehold (242 years remaining)
- Top Floor Apartment
- For Sale by The Modern Method of Auction - T&C's apply
- Two Bedrooms Each With En-Suite
- Generous Open Plan Living Space
- Subject To Minimum Undisclosed Reserve Price
- Fitted Kitchen with Appliances
- Great Investment or First Time Buyer Property
- Electric Heating
- Buyers Fees Apply
- Council Tax Band C
Placed at the start of Holgate Road the property also has many amenities close by and easy routes out of the city towards the A64. A viewing is recommended to appreciate both the location and space on offer. This property is for sale by The Great North Property Auction powered by iamsold.
The apartment is reached through a secure communal hallway with either a lift or a staircase leading to the second floor. Once inside there is a private entrance hall with a storage cupboard housing a hot water tank. The centrepiece of the home is an open plan lounge/diner and fitted kitchen. There is ample space for living and eating with the space bathed in light from French doors with a Juliet style balcony. The fitted kitchen has modern wall and base units and built-in appliances including an oven, hob, extractor, fridge, freezer and a dishwasher. There is then a main bedroom with a further set of French doors and a Juliet balcony and an en-suite shower room with a heated towel rail. There is then a second bedroom and again this boasts a three piece shower room with a heated towel rail. The apartment also benefits from electric heating and double glazing throughout.
The exterior of the development has some lovely communal gardens.
This is a leasehold property. The lease is 250 years from 1/1/2016. So in November 2022 there are 244 years left. The service charge is £1252 per annum and there is a building insurance charge of £310 per annum. The ground rent is £311.87 per annum and is reviewed every 5 years. It is due to be reviewed next on 1/1/2026.
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 a 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.
Communal Hallway
Secure entrance door with staircase and lift leading to second floor.
Entrance Hall
Entrance door, storage cupboard housing hot water tank and electric panel heater.
Lounge/Diner and Open Plan Kitchen 20'1" x 15'5" (6.12m x 4.7m)
Window to side elevation, French doors with Juliet style balcony and electric panel heater.
Fitted Kitchen
Wall and base units, work surfaces, sink, built-in electric oven, hob, extractor, fridge, freezer, dishwasher and washer/dryer.
Bedroom 1 12'6" x 9'9" (3.8m x 2.97m)
Window to side elevation, French door with Juliet style balcony and electric panel heater.
Ensuite
White three piece suite with shower cubicle, sink, W.C. and heated towel rail.
Bedroom 2 8'5" x 16'2" (2.57m x 4.93m)
Window to side elevation and electric panel heater.
Ensuite
White three piece suite with shower cubicle, sink, W.C. and heated towel rail.
Exterior
Communal gardens.
Material Information
Leasehold. Council tax band C.
Property information from this agent
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Broadband availability and predicted speed: obtained from Ofcom on December 22, 2021
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Mobile phone signal availability and predicted strength: obtained from Ofcom on December 22, 2021
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Energy Performance data and Internal floor area
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