Guide Price £60,000 * Plus 5% Buyers Premium + VAT For sale by unconditional online auction, registration is now open. Bidding opens on 26/03/2025 10:00 and ends on 26/03/2025 12:00.
Flat B, 57 Morris Lane is a first-floor, three-bedroom apartment located in the popular area of St Thomas. This property presents an exciting opportunity for investors or those looking to put their personal stamp on a property, as it requires further upgrading and modernisation throughout. Three Bedrooms First-Floor apartment with good size living space, ideally situated Close to Local Amenities and Transport Links.
Great Investment Potential with a little vision and effort, this property could be transformed into a modern and desirable home or a lucrative rental asset. The apartment's size and layout, combined with its central location, offers substantial potential for future value growth. Morris Lane is ideally situated in St Thomas, with easy access to local shops, schools, and transport links, including bus routes and major roads. The area offers a great blend of residential comfort and convenience, making it a sought-after location for tenants or potential buyers. Providing a fantastic opportunity for both investors and homebuyers alike.
UNCONDITIONAL LOT Buyers Premium Applies Upon the fall of the hammer, the Purchaser shall pay a 5% deposit and a 5%+VAT (subject to a minimum of £5,000+VAT) buyers premium and contracts are exchanged. The purchaser is legally bound to buy and the vendor is legally bound to sell the Property/Lot. The auction conditions require a full legal completion 28 days following the auction (unless otherwise stated).
Pre-Auction Offers Are Considered The seller of this property may consider a pre-auction offer prior to the auction date. All auction conditions will remain the same for pre-auction offers which include but are not limited to, the special auction conditions which can be viewed within the legal pack, the Buyer's Premium, and the deposit. To make a pre-auction offer we will require two forms of ID, proof of your ability to purchase the property and complete our auction registration processes online. To find out more information or to make a pre-auction offer please contact us.
Special Conditions Any additional costs will be listed in the Special Conditions within the legal pack and these costs will be payable on completion. The legal pack is available to download free of charge under the LEGAL DOCUMENTS'. Any stamp duty and/or government taxes are not included within the Special Conditions within the legal pack and all potential buyers must make their own investigations.
The Est. Mortgage is for a 25 years repayment mortgage based on a 10% deposit and a 5.5% annual interest. It is only intended as a guide. Make sure you obtain accurate figures from your lender before committing to any mortgage. Your home may be repossessed if you do not keep up repayments on a mortgage.
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