2 bed flat to buy in L9

Being Sold via Secure Sale online bidding. Terms & Conditions apply. Starting Bid £40,000

This well-presented two-bedroom flat offers an excellent opportunity investors seeking a property with strong rental demand. The property is being sold with a tenant in situ, currently paying £500 per calendar month (pcm), making it an ideal investment opportunity.

Situated in a highly sought-after location, the flat benefits from convenient access to local amenities, reputable schools, and efficient transport links, making it ideal for commuters and those seeking a connected lifestyle. The interior is thoughtfully arranged to maximise space and comfort, featuring a bright and welcoming living area that provides ample room for relaxation or entertaining guests. The kitchen is equipped with modern fittings and plenty of storage, ensuring a practical space for everyday living. Both bedrooms are generously sized, offering flexibility for a range of living arrangements, whether you require a guest room, home office, or additional storage. The bathroom is finished to a good standard, providing a clean and contemporary feel.

The flat is positioned within a friendly community setting, which fosters a welcoming atmosphere and a sense of belonging for residents. One of the key benefits of this property is its affordable Council Tax Band A, helping to keep monthly running costs manageable for homeowners and tenants alike. Investors will particularly appreciate the ongoing rental income and strong demand in the area, underpinned by the property’s convenient location and the appeal of well-maintained flats in this price range. The flat is also well-suited to those looking for a low-maintenance home that does not compromise on comfort or accessibility.

With its combination of practical features, investment potential, and excellent transport connectivity, this property represents a smart choice for anyone looking to make a secure and rewarding purchase. Early viewing is highly recommended to appreciate the full range of benefits this attractive flat has to offer.

Property being sold with a tenant in situ.

Length of Lease: 967
Annual Service Charge Amount: £2,000.00

This property is being sold subject to unconditional reservation fee auction terms and conditions.

Timescales

Contracts will exchange immediately. There are 28 days in which to complete the purchase.

Legal Pack

A legal pack is available to download. Special conditions may apply.

We strongly recommend buyers familiarise themselves with the legal pack prior to bidding.

Deposit

In order to secure the purchase a buyer will pay a deposit of 5% which contributes towards the overall purchase price of the property.

The deposit is non-refundable.

Buyer Fees

This property is sold subject to a non-refundable reservation fee of 5% + VAT to a minimum of £6,000 + VAT (£7,200 inc VAT) This does not form part of the purchase price.

A reservation fee is payable by the buyer where a seller has opted to sell with no fees. As a result, a lower reserve price is usually agreed on lots where a reservation fee is applicable.

More Information

For more information call our auction experts on 0191 206 9335 or email auctions@pattinson.co.uk

ONLINE AUCTION NOTICE

I hereby acknowledge and confirm the following:

My bid may be accepted by the seller at any time before the close of the auction. It is subject to the terms and conditions of the auction which I have read and understood. I have read and understood the legal pack applicable to my bid/lot and agree to be bound by any special conditions within that pack.

If my bid is successful (whether as the highest bid or upon acceptance by the seller in the course of the auction) I shall be bound by the lot terms and conditions as advertised online.

Any amount payable at the close of the auction must be paid within 1 hour.

Please note that the bidding process will work in a different way to an eBay auction, so there is NO advantage to bidding at the last second.

Each auction will automatically stay open until there has not been a bid within the final 10 minutes. If no bid has been submitted within the final 10 minutes of the auction, the auction will close and the highest bidder will be successful subject to the reserve price being met or upon acceptance of an offer by the seller throughout the auction cycle. If there is another bid within 10 minutes of the last bid, the auction countdown timer will be restarted for another 10 minutes to allow further bidding. This system avoids last-minute (or second) bidding and makes for a fairer auction as in a live-room auction situation.

Please bid in good time before the end of the auction, delaying your bid to the last seconds may disadvantage you if your connection slows or you lose internet connectivity.

The auctioneer is not responsible for any tech issues, power outage or error messages which hampers or eliminates an individual's opportunity to bid.

It is the bidder's responsibility to ensure the bid has been lodged with the auctioneer. It is therefore beneficial to bid on your chosen lot at your earliest opportunity.

The auctioneer accepts no responsibility for bids that are not received or are received late and reserves the right to reject any bid without notice.

Minimum online bidding increments:
£50,000 - £250 minimum bid
£50,001 to £150,000 - £500 minimum bid
£150,001 to £250,000 - £1,000 minimum bid
£250,001 to £750,000 - £2,500 minimum bid
£750,001 to £1.5 Million - £5,000 minimum bid
£1.5 Million Plus - £10,000 minimum bid

Please note this bidding process applies specifically to online auctions.

More Information is available:

For more information call our auction experts on 0191 206 9335 or email auctions@pattinson.co.uk

Please log in to view and download the legal pack files.

Heating supply: Gas
Electricity supply: National Grid
Water supply: Direct mains water
Sewerage supply: Standard UK domestic

Construction

Year built: 2005
Construction materials: Brick and block
Roofing types: Slate tiles

Building Safety

Known issues: Damp
Property at particular risk of floods and/or erosion: No
Has flooded in last five years: No
Has flood defences: No
Has planning permission or proposals for development that will affect property: No
Is on a coalfield or mining area: No

Rights and Restrictions

Is listed building: No
Is conservation area: No
Has public right of way: No
Has accessibility adaptations: No
Has restrictions: No
Has required access (easements, servitude or wayleaves): No

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