1 bed flat to buy in SE28

One bedroom flat, perfectly situated in the sought-after Raymond Postgate Court, London. Guide Price £175,000 to £185,000

This property presents an ideal opportunity for a first-time buyer looking to step onto the property ladder or a savvy investor seeking a valuable addition to their portfolio. With its prime location this flat promises both comfort and convenience.

The accommodation comprises a well-proportioned bedroom, a modern bathroom, and a welcoming reception room, providing ample space for relaxation and everyday living. The layout is thoughtfully designed to maximise natural light and create an inviting atmosphere throughout.

One of the standout benefits of this property is its affordability and low running costs. The ground rent is exceptionally low at just £10 per year, making it a very attractive proposition. The service charge is £175.30 per month, covering essential maintenance and communal services, ensuring a hassle-free lifestyle. The property also benefits from permit parking, a significant advantage in London, offering peace of mind for vehicle owners.

Location is key, and Raymond Postgate Court excels in this regard. Residents will appreciate being close to a wide array of local amenities, including shops, supermarkets, cafes, and restaurants, catering to all daily needs. Families will find the proximity to reputable schools particularly appealing, making the morning routine much simpler. Excellent transport links are also within easy reach, providing convenient access to central London and beyond, perfect for commuters.

This leasehold property comes with a substantial lease remaining, with 89 years left, offering long-term security for the new owner. The Energy Performance Certificate (EPC) rating of C indicates good energy efficiency, which can contribute to lower utility bills. Furthermore, the property falls under Council Tax Band A, one of the lowest bands, adding to its overall affordability.

Whether you are a first-time buyer eager to own your own home or an investor looking for a reliable rental property with strong potential, this one bedroom flat in Raymond Postgate Court is an opportunity not to be missed. Its combination of location, features, and attractive costs makes it a highly desirable option in the current market. Early to fully appreciate all that this charming flat has to offer.

Length of Lease: 88
Annual Ground Rent Amount: £10.00
Annual Service Charge Amount: £2,035.00

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 3.75% + 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
Mobile signal: Good

Construction

Year built: 1968
Construction materials: Insulated concrete framework
Roofing types: Flat

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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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.