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Lot 17 Click here for addendum

Residential Investment - 3 Bed House let on an AST
On behalf of Trustees – In same family ownership for over 63 years
6 Week Completion

Situation

Located within this residential neighbourhood and within close proximity to the local shopping facilities in Rainham Road South and Dagenham East Underground Station (District Line).
Dagenham is a popular residential area being approximately 3 miles south-east of Ilford and 3 miles south-west of Romford benefitting from good road links to the A406 North Circular and only 5 miles from London City Airport.

Property

A semi-detached 3 Bed House which includes:
• Gas central heating
• uPVC double glazing
• Rear garden

Accommodation

Ground Floor
Reception Room 1 (Front)   15'0" × 11'0"
Reception Room 2 (Rear)   7'3" × 9'5"
Conservatory    8'9" × 6'9"
Bathroom    9'6" × 5'6"
Separate WC
First Floor
Bedroom 1 (Front)   12'6" × 10'3"
Bedroom 2 (Rear)   9'9" × 9'4"
Bedroom 3 (Rear)   6'7" × 6'1"

GIA Approx. 710 sq ft

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 6th June 2022 at a current rent of £12,600 per annum exclusive (£1,050 pcm).

Note 1: There is a £959.10 Rent Deposit held.

Note 2: There may be potential to create additional accommodation in the roof space, subject to obtaining possession and the necessary consents.

Note 3: No. 162 Western Avenue (3 Bed House) sold for £395,000 in February 2022 and No. 178 Western Avenue (4 Bed House) sold in June 2022 for £465,000.

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.

59 Western Avenue, Dagenham, Essex RM10 8UD