2 Bed Flat For Sale

Offered to the market with no onward chain, this two bedroom split-level flat is situated moments away from Sydenham High Street.

The property is suitable for cash buyers only and is an excellent investment opportunity; sold via online auction, with tenants in situ and a rental income of £1400pcm. With an approximate rental yield of 8% this is a fantastic investment oppourtunity.

The accommodation is spacious, with over 770sqft of floor space, arranged over two floors.

The entrance hallway on the lower-level leads into a large reception room, with ample space for a dining area, as well as lounge area. A built-in under-stairs cupboard, and solid wood shelving offers plenty of storage space.

The upper level consists of two large double bedrooms. The first features a walk-in wardrobe and the second, has a built-in wardrobe. There is a modern bathroom suite, a separate kitchen and more storage space with large built-in cupboards on the landing.

Sydenham High Street is only a short walk away and has a wide range of shopping and leisure facilities, including many independent eateries and boutiques. Mayow Park is also a short walk from the property, offering access to green space, play spaces and community-based activities. Sydenham Overground and Train station is 0.5 miles away and offers excellent links to London Bridge, Dalston, Shoreditch and Highbury & Islington. Lower Sydenham Train Station is also only 0.7 miles away.


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 (for standard Grade 1 properties). 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 £6,000.00 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 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.