35 Hutchins Close, Hornchurch, London, RM12 6NL
- Conditional Online Auction Sale
- Guide Price* : £205,000
- Bedrooms: 1
1 Bedroom Flat - Investment Opportunity
Description
For Sale by Online Auction!
Please note that the Auction is 24/7 online for a period of 5 days via our website with Internet & Proxy Bids Only. Offers can be submitted prior to the 5 day Auction which will be forwarded to the seller.
Property description
Located within walking distance to Hornchurch station and high street with its array of shops, bars and restaurants is this purpose-built ground floor one bedroom apartment. Located in the ever-popular Hutchins Close, the property is offered in good internal condition and is in our opinion an ideal purchase for those looking to step onto the property ladder. Comprising of lounge/diner, fitted kitchen, bedroom and three-piece bathroom suite. Externally are well maintained communal gardens and allocated parking.
The Property is tenanted until end of September 2021 so is offered as a Buy to Let Opportunity. The rent is £1,000 pcm which equates to a 5% gross yield.
Disclaimer
Opal Auctions or their Agents for the seller of these Lots give notification that any particulars contained within the website are prepared to the best of their knowledge and all potential buyers should carry out their own due diligence. Any amendments to the particulars that Opal Auctions are aware of will be published on the live Opal Auction platform.
Remote Bidding Auction
Please note that the Auction will be on our 24/7 live auction platform with live Internet by Proxy Only. You must pre-register to bid for each auction within a minimum of 24 hours of the auction commencing.
Definition of Guide Price and Reserve
All properties are sold subject to a reserve price, which is the minimum price the seller is willing to accept and is confidential between the seller and Auctioneer. The guide price is only an indication as to where the reserve is currently set and not necessarily the Auctioneers expectation of what it will sell for. You are able to submit an offer “Buy it Now” which we will forward to the vendor.
The guide price and reserve price can be subject to change at any time up to and including the auction day please make sure you read the particulars on the auction platform and, properties can often sell for substantially more than the quoted guide price.
Costs at Auction
When buying a property at our auction the sale is treated as a Conditional Sale, on the fall of the auctioneer's gavel you will pay a 1% reservation fee and sign the Memorandum of Sale and Exchange Contracts 28 days later, please therefore ensure you have read the legal pack for each property prior to bidding. They are all individual and include the terms and conditions of your purchase as well as any costs in addition to the purchase price.
The sale of each Lot is subject to Buyers Premium of 1% of the sale price subject to a minimum fee of £3,000, payable on the fall of the gavel/at the end of the online auction.
Any stamp duty and/or government taxes are not included within the Special Conditions within the legal pack and all potential buyers must carry out their own due diligence.
The legal packs and further information about buying at auction are available on the Opal Auction’s website.
* Generally speaking Guide Prices are provided as an indication of each seller's minimum expectation, i.e. 'The Reserve'. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Virtually every property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide.
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