Vendor: Housing Association

A 1-bedroom ground floor flat, forming part of a purpose-built block. Vacant

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Description/Location

Situated in an established residential area close to Swaythling Station with University of Southampton Highfield Campus to the east. We estimate the current rental value is circa £700 pm.

Tenure

Leasehold: 125 years from 01/01/1987. Ground rent £10 pa.
Energy Rating: D
Council Tax: A

Viewing

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Accommodation

Ground Floor: Front door to entrance hall, sitting room and kitchen, bedroom, bathroom.

Rent

ERV: £8400 pa

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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.