2 bed apartment to buy in EX39

Pattinson are delighted to offer this spacious and airy two bedroom ground floor apartment for sale by auction. Nestled on the hillside this lovely apartment has a view towards the River Torridge. It is in a small block of four flats and comes with allocated parking and communal gardens.

Enter the apartment into the hallway which has all rooms leading from it as well as having two very useful cupboards for coats and general storage. One of which has a heater in and would make a useful airing cupboard. The handset for the door entry system can be found in the hallway. At the far end of the hallway is the bright and spacious lounge diner. This room has a Juliette balcony overlooking the garden to the rear of the building and the River Torridge in the distance. There is space for a dining table and chairs and by the window on the side is the ideal to create a dining area.

An opening from the lounge leads into the kitchen and creates the modern open plan living space. The kitchen looks out to the front garden with the mature shrubs planted there giving an element of privacy. The kitchen has a very practical layout to maximise worktop surface area. The units are white with contrasting black worktop over, white splashback tiles. There is an integrated fridge/freezer and dishwasher, space and plumbing for washing machine. There is an inset gas hob with four burners and built-in electric oven. The Intergas combi boiler is housed in the kitchen.

The main bedroom has a view over the gardens to the rear and benefits from a good sized built-in wardrobe. There is an en-suite shower room with shower cubicle and thermostatic shower, white toilet and basin. A frosted window has rear aspect.

The second bedroom is a good sized double with front aspect.

The family bathroom benefits from a white suite consisting of bath with shower attachment, basin and toilet. Frosted window with front aspect. The walls are tiled floor to ceiling with a light coloured ceramic tile.

There are metered mains gas, electric and water to the property. There is limited mobile phone coverage from the major providers and superfast broandband available from Openreach - source OfCom.

The current rent is £775. If sold at the asking price would give a gross yield of 6.20% and a net rental yield of approx 4.87%

Length of Lease: 100
Annual Ground Rent Amount: £100.00
Annual Service Charge Amount: £967.00

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
Air conditioning: No
Broadband: FTTP (fibre to the premises)
Mobile signal: Good

Construction

Construction materials: Brick and block
Roofing types: Clay tiles

Building Safety

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

Get a free valuation that fits your needs.

Whether you’d like an instant online estimate or an expert visit to discuss your home in detail, our team will give you clear, honest advice and help you plan your next move.

Free Expert Home Visit Valuation Get an Instant Online Valuation

These results are for a repayment mortgage and are 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.

Stamp Duty Land Tax rates are based on UK government guidelines and are subject to change. This calculator is for guidance only. Please consult a qualified professional for advice on your specific circumstances.