Vendor: Housing Association

A 2 bedroom, mid floor flat (642 sq ft) forming part of a purpose built block, new 125 year lease from completion. The property requires cosmetic refurbishment and is vacant.

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Description/Location

Situated in the town centre close to all amenities. Emerson Park Station 0.5 miles, Hornchurch Tube 0.6 miles. We estimate the current rental value is £1400 pm / £16,800 pa.

Tenure

Leasehold: New 125 year term from completion.
Energy Rating: D

Viewing

Network Auctions - 020 7871 0420

Accommodation

Interior: Front door to entrance hall, sitting room, balcony, kitchen, 2 bedrooms, bathroom. Outside: Communal parking and gardens.

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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.