Situated on the first floor with a private balcony to the front and offered with a 962 year lease and no onward chain, this purpose built two bedroom apartment offers the perfect opportunity for a buyer to personalise the property.
The property is approached from the rear with a front door opening in to the entrance hall that leads to all rooms as well as an airing cupboard. The lounge/dining room is at the front and benefits from a private balcony overlooking the high street. There is a good sized kitchen fitted with a range of units with space for appliances and a window to the rear. There are two double bedrooms, one at the front and one to the rear as well as a bathroom and separate WC.
The property is in need of some updating and would benefit from a new kitchen and redecoration. In our opinion the flat would make a good first time buy or rental investment.
The property is situated in the heart of Caterham on the Hill in the bustling High Street with its butchers, delicatessen, craft shops and post office. The area benefits from a doctors, vets and hospital and a choice of restaurants and pubs as well as churches of mixed denominations and schools for children of all ages. There is a good selection of local shops including a Tesco and Co-Op supermarket. There are leisure and fitness facilities on the village and at the De Stafford sports centre whilst Caterham on the Hill is surrounded by miles of open countryside including Coulsdon Common. The Surrey National golf course is also within a mile. More comprehensive facilities can be found in Caterham Valley and there are regular buses nearby to Caterham, Purley and beyond. Trains to London are available from Caterham, Upper Warlingham and Coulsdon. The M25 is approx. 3 miles to the south.
AUCTIONEER COMMENTS-
Auctioneer Comments This property is for sale by the Modern Method of Auction. Should you view, offer or bid on the property, your information will be shared with the Auctioneer, iamsold Limited. This method of auction requires both parties to complete the transaction within 56 days of the draft contract for sale being received by the buyers solicitor. This additional time allows buyers to proceed with mortgage finance (subject to lending criteria, affordability and survey). The buyer is required to sign a reservation agreement and make payment of a non-refundable Reservation Fee. This being 4.5% of the purchase price including VAT, subject to a minimum of £6,600.00 including VAT. The Reservation Fee is paid in addition to purchase price and will be considered as part of the chargeable consideration for the property in the calculation for stamp duty liability. Buyers will be required to go through an identification verification process with iamsold and provide proof of how the purchase would be funded. This property has a Buyer Information Pack which is a collection of documents in relation to the property. The documents may not tell you everything you need to know about the property, so you are required to complete your own due diligence before bidding. A sample copy of the Reservation Agreement and terms and conditions are also contained within this pack. The buyer will also make payment of £349 including VAT towards the preparation cost of the pack, where it has been provided by iamsold. The property is subject to an undisclosed Reserve Price with both the Reserve Price and Starting Bid being subject to change. Referral Arrangements The Partner Agent and Auctioneer may recommend the services of third parties to you. Whilst these services are recommended as it is believed they will be of benefit; you are under no obligation to use any of these services and you should always consider your options before services are accepted. Where services are accepted the Auctioneer or Partner Agent may receive payment for the recommendation and you will be informed of any referral arrangement and payment prior to any services being taken by you.
Please note that an AML fee is chargeable to the buyer once an offer is accepted to cover the cost of carrying out the required identity and anti-money laundering checks. Once these checks have been completed, the fee cannot be refunded, even if the property purchase does not go ahead.
