1 Bed Flat For Sale

The property is for sale via modern method of Auction

Auction end date - 15-09-2023 at 14:00


Attention all investors - potential rental income £600 pcm (8.2%)
Superb 1 bed ground floor apartment in the popular location of St Johns is available with sitting tenant paying £575 per c/m until March 2024. This apartment would make a great first time buyer or investment property and offers lounge, kitchen, double bedroom. w/c and bathroom. To the outside is allocated parking and communal gardens.
Service Charge - £1350 per year
Ground Rent - £96 per year
Years left on Lease - 67 years left.

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.


Located in highly sought after St Johns, within easy walking distance of Wakefield City Centre and a range of amenities including, shops, highly regarded schools, local bus routes, rail & Hospital and easy access to junction 41 of the M1 motorway for those wishing to commute further afield.