1 bed apartment to buy in CB4

Primrose Street, Cambridge, Cambridgeshire, CB4 3EH

Brochure

Bedrooms: x 1

Bathrooms: x 1

Receptions: x 1

Tenure: Leasehold

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Starting bid£120,000

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Key Information

Council tax: Band A
EPC rating: B
Heating supply: Underfloor Heating
Electricity: National Grid
Broadband: FTTP (fibre to the premises)
Mobile signal: Good
Parking: On Street

Property features

Being Sold via Secure Sale online bidding. Terms & Conditions apply
Immediate 'exchange of contracts' available
Studio Apartment
Investment Opportunity
Prestigious Student Apartments
First Floor Apartment
Tenancy Agreement in place
Good Rental Yield

1 bed apartment to buy in CB4

Being Sold via Secure Sale online bidding. Terms & Conditions apply.

A generously proportioned and thoughtfully designed first-floor studio apartment enjoying a sunny outlook, set within this prestigious purpose-built student development comprising a small block of exclusive apartments for full-time students. The property represents an excellent investment opportunity, offering secure and dependable rental income.

Primrose Lodge is a well-established and highly regarded student complex made up of spacious, individually owned apartments. The building benefits from excellent security features including CCTV surveillance and a secure entry-phone system. Residents also enjoy secure indoor bicycle storage, a communal bin store, landscaped gardens, a comfortable residents’ lounge, and a dedicated shared study area.

Occupying a convenient position at the end of Primrose Street, the development is within easy reach of the city centre and nearby colleges, making it particularly attractive to students.

The accommodation comprises a bright and spacious bed-sitting room with a large window allowing for plenty of natural light, along with a built-in double wardrobe featuring mirrored sliding doors. The modern kitchen area is well appointed with ample storage units, an integrated fridge/freezer, washer/dryer, microwave combination oven, and electric hob. The particularly generous shower room is fitted with a contemporary three-piece suite including a shower cubicle, WC, and wash hand basin.

The apartment is currently let until September at £1,200 per calendar month, providing immediate and reliable rental income.

EPC rating: B. Tenure: Leasehold, Known building safety issues or planned/required works: None at the time of listing. Planning permissions: None at the time of listing.
Kitchen Area

Kitchen area comprises integrated Microwave oven, fridge freezer, washer dryer, 2 ring induction hob and storage units.

Bedroom Area

Bedroom area comprises double bed, mattress and mattress cover, fitted wardrobes providing ample storage with mirror and TV point.

Shower Room

The Shower room comprises a walk in shower unit, wash hand basin and low level WC, Heated towel rail. Alongside a wall mounted unit with mirror and shaver point.

Communal Room

Communal lounge room is shared with all apartments and hosts sofa, table and chairs creating an ideal social area.

Communal Garden

Area to the rear of the property provides an enclosed area to study or socialise.

Auctioneers Additional Comments

Pattinson Auction are working in Partnership with the marketing agent on this online auction sale and are referred to below as 'The Auctioneer'.

This auction lot is being sold either under conditional (Modern) or unconditional (Traditional) auction terms and overseen by the auctioneer in partnership with the marketing agent.

The property is available to be viewed strictly by appointment only via the Marketing Agent or The Auctioneer. Bids can be made via the Marketing Agents or via The Auctioneers website.

Please be aware that any enquiry, bid or viewing of the subject property will require your details being shared between both any marketing agent and The Auctioneer in order that all matters can be dealt with effectively.

The property is being sold via a transparent online auction.

Auctioneers Additional Comments

In order to submit a bid upon any property being marketed by The Auctioneer, all bidders/buyers will be required to adhere to a verification of identity process in accordance with Anti Money Laundering procedures. Bids can be submitted at any time and from anywhere.
Our verification process is in place to ensure that AML procedure are carried out in accordance with the law.

The advertised price is commonly referred to as a ‘Starting Bid’ or ‘Guide Price’ and is accompanied by a ‘Reserve Price’. The ‘Reserve Price’ is confidential to the seller and the auctioneer and will typically be within a range above or below 10% of the ‘Guide Price’ / ‘Starting Bid’.
These prices are subject to change.

An auction can be closed at any time with the auctioneer permitting for the property (the lot) to be sold prior to the end of the auction.

Auctioneers Additional Comments

A Legal Pack associated with this particular property is available to view upon request and contains details relevant to the legal documentation enabling all interested parties to make an informed decision prior to bidding. The Legal Pack will also outline the buyers’ obligations and sellers’ commitments. It is strongly advised that you seek the counsel of a solicitor prior to proceeding with any property and/or Land Title purchase.
Auctioneers Additional Comments

In order to secure the property and ensure commitment from the seller, upon exchange of contracts the successful bidder will be expected to pay a non-refundable deposit equivalent to 5% of the purchase price of the property. The deposit will be a contribution to the purchase price. A non-refundable reservation fee of up to 6% inc VAT (subject to a minimum of 6,000 inc VAT) is also required to be paid upon agreement of sale. The Reservation Fee is in addition to the agreed purchase price and consideration should be made by the purchaser in relation to any Stamp Duty Land Tax liability associated with overall purchase costs.

Both the Marketing Agent and The Auctioneer may believe necessary or beneficial to the customer to pass their details to third party service suppliers, from which a referral fee may be obtained. There is no requirement or indeed obligation to use these recommended suppliers or services

Length of Lease: 240
Annual Ground Rent Amount: £400.00
Annual Service Charge Amount: £1,385.00

Open map Street view

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

The legal pack is not yet available. The auction will not end until the legal pack has been made available here for at least 24 hours.

Heating supply: Underfloor Heating
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: Slate 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

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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.