2 bedroom flat for sale

Guide Price £150,000 - INVESTORS ONLY - CASH ONLY
Two-Bedroom First Floor Apartment – Fantastic opportunity for investors, being sold with tenants in situ to cash buyers only. Currently let until December 2026 and achieving £1,250 PCM, it provides an immediate and reliable rental income. Situated within a modern development, the property benefits from lift access, an allocated parking space within a gated communal car park, and a communal garden. The apartment features an open-plan reception room and fitted kitchen, master bedroom with en-suite shower room, a second well-sized bedroom, and a three-piece bathroom suite. With 102 years remaining on the lease. Ideally located within close proximity to local shops, amenities, the city centre, and Southend seafront, the apartment also provides excellent transport links with mainline stations to London.
Agents Note : There is currently a Section 20 notice in place. The cost of these works are uncertain at present and prices are still being obtained. Costs will be divided between 74 flats.
AUCTIONEER COMMENTS 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 Limited. 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 4.5% of the purchase price including VAT, subject to a minimum of £6,600.00 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 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. Referral Arrangements The Partner Agent and Auctioneer may recommend the services of third parties to you. Whilst these services are recommended as it is believed they will be of benefit; you are under no obligation to use any of these services and you should always consider your options before services are accepted. Where services are accepted the Auctioneer or Partner Agent may receive payment for the recommendation and you will be informed of any referral arrangement and payment prior to any services being taken by you