Sold for £45,000

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By Order of the Executor

A well presented 1 bedroom first floor flat (473 sq ft, source EPC), forming part of a purpose built retirement complex, vacant.

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Description/Location

The property is ideally situated close to the town centre, Watford Junction Station 0.5 miles. There is no age restriction on ownership but occupiers must be aged 60+. There is no sub-letting restriction, the current rental value is £10,800+ pa.

Tenure

Leasehold: 99 years from 01/01/1985 (61 years unexpired)

Local Authority

Watford Borough Council

Viewing

Network Auctions - 020 7871 0420

Accommodation

First Floor: Front door to entrance hall, sitting room, kitchen, bedroom, bathroom. Ground Floor: Security entryphone access, lifts and stairs to all floors, residents lounge, laundry room, on site warden. Outside: Landscaped gardens and seating areas, unreserved parking for residents and guests.

Rent

ERV: £900 - £950 pm

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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.