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Lot 16 Click here for addendum

Residential Investment - 2 Bed Bungalow let on an AST
On behalf of Trustees – In same family ownership for 41 years
6 Week Completion

Situation

Located within this secluded cul-de-sac off Osborne Road within close proximity to Hylands Park and approx. 1¼ miles to Romford Town centre which benefits from a variety of shopping and leisure facilities as well as Romford Station (Elizabeth Line and Overground).
Hornchurch lies approx. 14 miles north-east of the City of London with easy access to the M25 Motorway (Junctions 28 & 29).

Property

A modern detached 2 Bed Bungalow which includes:
• Driveway
• Garage with up and over door
• Gas central heating
• uPVC double glazing
• Rear garden with patio

Accommodation

Ground Floor Bungalow
Bedroom 1   14'0" × 10'0"
Bedroom 2   9'0" × 8'6"
Reception Room   20'5" × 11'4"
Kitchen   12'2" × 8'10"
Bathroom   5'8" × 4'8"
Separate WC

GIA Approx. 749 sq ft plus Garage (8'3" x 16'10")

VAT is NOT applicable to this Lot

FREEHOLD

Tenancy

The entire property is let on an Assured Shorthold Tenancy to 2 individuals for a term of 1 year from 1st July 2022 at a current rent of £15,000 per annum exclusive (£1,250 pcm).

Note 1: There is a £1,442.30 Rent Deposit held.

Note 2: No. 38 Thorncroft (2 Bed Bungalow) sold in October 2022 for £450,000.

VIRTUAL TOUR
Click here to view the virtual tour of the property.

Enquire about this lot:

JOINT AUCTIONEER:
Williamson Dace Brown
Tel: 020 8886 4407 Ref: Thomas Dace
thomas@wdbproperty.co.uk

*Please note:

RESERVE

The 'Reserve' is the minimum figure for which a property can be sold as agreed between the Seller and the Auctioneer. The 'Reserve' is not disclosed and remains confidential between the Seller and the Auctioneer.

GUIDE

Where a 'Guide' is stated, it is an indication of the Seller's current minimum acceptable price ('Reserve') at auction. A 'Guide' is published to assist prospective buyers in deciding whether or not to pursue a purchase.

A 'Guide' does not represent an anticipated sale price or a valuation and the eventual sale price may be higher or lower. The sale price is determined at auction and as such cannot be predicted in advance.

The 'Guide' can be published as follows:

a. 'Reserve below' which means the 'Reserve' will be below the shown amount.
b. A single price figure where the 'Reserve' is not to exceed it.
c. A single price figure with a + symbol where the 'Reserve' is not to exceed that figure by more than 10%.
d. A minimum and maximum price range where the 'Reserve' is to be within that range.

The Seller's expectation as to the sale price may change during the marketing period as a result of interest received from prospective Buyers. Therefore, the Seller may increase or decrease the 'Reserve' at any time up to just before bidding commences. If the 'Reserve' becomes fixed at a level that makes the 'Guide' misleading, the Auctioneers will subsequently issue a revised 'Guide' as soon as is practicable. Accordingly, prospective bidders should monitor the 'Guide' with the Auctioneers prior to the Auction taking place via this website.

In addition to the purchase price the Successful Buyer or Successful Bidder will be liable to pay Barnett Ross Ltd a non-refundable administration fee of £1,500 including VAT or as specified on the Particulars of Sale and there may also be additional non-optional fixed or variable fees and costs. To establish the full cost of purchasing a property please inspect the special conditions of sale and all other documentation in the legal pack. Please also refer to any addendum that may be displayed on this page.

35 Thorncroft, Hornchurch, Essex RM11 1EU