Sold after auction for an undisclosed amount

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A 3 bedroom terraced house with garden and parking, currently let at £12,000 per annum

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Description/Location

The property is subject to an Assured Shorthold Tenancy (AST) for a term of 3 years expiring on the 7th May 2023 at a current passing rent of £1,000 per calendar month / £12,000 per annum. We believe the current market rent is £1,500 per calendar month/ £18,000 pa.

Tenure

Freehold
EPC rating D

Local Authority

London Borough of Merton

Viewing

Network Auctions - 020 7871 0420

Accommodation

Ground floor: Entrance hall, lounge, kitchen, bathroom First floor: 3 bedrooms Outside: Off street parking to the front, rear garden

Rent

Current rent £12,000 per annum

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*Guide Price & Reserves

Generally speaking Guide Prices are provided as an indication of each seller’s minimum expectation. 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.

The “Important Notes For Auction Buyers” at the front of the catalogue includes a definition of “Guide Price & Reserve Price”. All properties are subject to a purchaser’s administration fee of £1,500 + VAT unless otherwise stated in the addendum (£420 inc VAT for lots with guide prices up to £3,000). If the purchaser is liable for any further costs these will be stated within the Special Conditions of the legal pack, that have been produced by the seller’s lawyer, a copy of which can be downloaded from our website.