2 Bed Flat For Sale

For sale on 29 February 2024

The National Property Auction will be broadcast live on our website and open to remote bidding online, on the phone and by proxy. Registration for bidding will close at 5pm the day before the auction.

The auction will commence at 10:00.

An excellent investment property in a highly sought after and popular residential area.



This 2 bedroomed apartment is currently generating a handsome yearly income of £8,700 with further scope to increase for the new owner.



The apartment offers 2 bedrooms, a Lounge/Diner and kitchen as well as being very well located for a wide range of local amenities which include the MK Shopping centre 0.6miles away.



The popularity of this location is second to none due to it being close to Junction 14 of the M1 and within walking distance of the train station making the property very appealing to commuters.



A good long term investment with good income for any investor!!

Accommodation: Lounge/Diner, Kitchen, Bathroom, 2 bedrooms
Leasehold Information Any ground rent and service charge review periods will be confirmed in the lease documents within the legal pack.
Note Prospective buyers are advised to make all necessary independent enquiries prior to placing their bid as this will be binding.
Draft Sales Details These sales details are awaiting vendor approval.

Tenure: Leasehold

EPC Rating: C

Terms:
Auction Details:



The sale of this property will take place on the stated date by way of Auction Event and is being sold as Unconditional with Variable Fee (England and Wales).



Binding contracts of sale will be exchanged at the point of sale.



All sales are subject to SDL Property Auctions Buyers Terms. Properties located in Scotland will be subject to applicable Scottish law.



Auction Deposit and Fees:



The following deposits and non- refundable auctioneers fees apply:



• 5% deposit (subject to a minimum of £5,000)



• Buyers Fee of 4.8% of the purchase price for properties sold for up to £250,000, or 3.6% of the purchase price for properties sold for over £250,000 (in all cases, subject to a minimum of £6,000 inc. VAT). For worked examples please refer to the Auction Conduct Guide.



The Buyers Fee does not contribute to the purchase price, however it will be taken into account when calculating the Stamp Duty Land Tax for the property (known as Land and Buildings Transaction Tax for properties located in Scotland), because it forms part of the chargeable consideration for the property.



There may be additional fees listed in the Special Conditions of Sale, which will be available to view within the Legal Pack. You must read the Legal Pack carefully before bidding.



Additional Information:



For full details about all auction methods and sale types please refer to the Auction Conduct Guide which can be viewed on the SDL Property Auctions home page.



This guide includes details on the auction registration process, your payment obligations and how to view the Legal Pack (and any applicable Home Report for residential Scottish properties).



Guide Price & Reserve Price:



Each property sold is subject to a Reserve Price. The Reserve Price will be within + or - 10% of the Guide Price. The Guide Price is issued solely as a guide so that a buyer can consider whether or not to pursue their interest. A full definition can be found within the Buyers Terms.