The property is offered without reserve, the first bid will be £250.

A well presented 2 bedroom ground floor apartment (834 sq ft) forming part of a purpose built, age restricted development. Vacant

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Description/Location

Nelson Court comprises 61 properties arranged over 5 floors each served by lift. In addition to an Estates Manager there is a team of Assistant Estate Managers who between them provide 24 hour coverage. One hour a week of domestic help is provided for the residents in each apartment (included in the service charge). Current service charge £1068.25 pm and ground rent £510 pa.

Auctioneers Note: The property was last sold for £180,000 on 27/03/2014.

Tenure

Leasehold: 125 years from 01/05/2007 (108 years unexpired). Service charge £12,819 pa, ground rent £510 pa.
EPC rating C
Council Tax Band E

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Network Auctions - 020 7871 0420

Accommodation

Ground floor: Entrance hall, living room, kitchen, 2 bedrooms, bathroom Outside: Communal 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.