Francis Avenue, Ilford
59 Francis Avenue, Ilford, IG1 1TS
- 3
Guide Price: *
£290,000
Fees apply
Buyer's fee:1.5% (min. £3,600)
All fees include VAT at 20%
Auction Type:
Traditional
Sold for:
£305,000Bid history
1 bidC
27/09/2023 09:27:07 - £305,000
This property is to be sold by online auction on Wednesday 1st November at 4:10pm (bidding opens on Wednesday 1st November at 12pm).
Freehold investment opportunity producing £18,000 per annum (rent review due) from this 3 bedroom mid-terrace house on a popular residential street close to Ilford town centre.
Situation & Description
Ilford is a large town in Essex with excellent transport links into Central London with Liverpool Street station being a mere 20 minutes away on the new Elizabeth Line. There is also excellent access to the A406 (north circular) and A12 with the M25 a short distance away.
There are a good selection of primary and secondary schools within walking distance as well as the wide range of amenities in the town centre which is under 5 minutes walk away.
The house, currently tenanted and producing £18,000 per annum is due for a rent review which will give the incoming landlord an increased yield in line with current market conditions.
Accommodation
Ground Floor: Entrance Hall, Living Room, Dining Room, Kitchen and small Bathroom
First Floor: 3 Bedrooms
Outside there is a courtyard garden to the rear and on-street permit parking to the front.
Viewings
No viewings are possible for this property due to the tenant's personal circumstances.
Pre-auction offers will be considered for this property so please speak with the auctioneer's if interested.
Auction Details
This property is to be sold by online auction on Wednesday 1st November at 4:10pm (bidding opens on Wednesday 1st November at 12pm).
All interested parties who wish to bid, please contact My Auction on 0207 101 4868
Please note that a Buyer’s Premium of 1.5% (inc of VAT) of the purchase price is to be paid by the successful Buyer subject to a minimum fee of £3,600 (inc of VAT)
Summary
- Lot number
- 2
- Auction end
- 27th Sep at 09:35
- Property type
- Residential
- Tenure
- Freehold
- Bedrooms
- 3
- Bathrooms
- 1
- Council tax band
- Ask Agent
Summary
- Lot number
- 2
- Auction end
- 27th Sep at 09:35
- Property type
- Residential
- Tenure
- Freehold
- Bedrooms
- 3
- Bathrooms
- 1
- Council tax band
- Ask Agent
This property is being sold by:
My Auction
0207 101 4868
19 Berkeley Street, London W1J 8ED
†Traditional auction
Exchange occurs at the end of the auction. This means that if the reserve is met or exceeded and the auction timer reaches zero, the successful bidder is legally obliged to pay the purchase price and the seller will be legally obliged to sell the property. To ensure that the successful bidder proceeds, the buyer is automatically charged a holding deposit, which is held in a secure client account, pursuant to the terms of a holding deposit agreement.
* Pricing Information
The Guide Price amount specified is an indication of each seller's minimum expectation. It is not necessarily the amount at which the property will sell. Each property will be offered subject to a Reserve (a figure below which the property will not be sold) which we expect will be set no more than 10% above the Guide Price amount.
Bamboo Auctions and My Auction Online Auction shall not be liable for any inaccuracies in the fees stated on this description page, in the bidding confirmation pop up or in the particulars. Buyers should check the contents of the legal pack and special conditions for accurate information on fees. Where there is a conflict between the fees stated in the particulars, the bid information box above or the bidding confirmation pop up and the contents of the legal pack, the contents of the legal pack shall prevail.
Stamp Duty Land Tax or Land and Buildings Transaction Tax may also apply in some circumstances.
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Disclaimer
All information relating to this property, including descriptions, pictures and other related information has been provided by My Auction Online Auction. All legal documents in relation to this property have been provided by the Vendor's solicitor. Neither Bamboo Auctions or any individual in employment with Bamboo Auctions makes any warranty as to the accuracy or completeness of any of the property information.
These particulars do not form part of any contract or offer. Buyers should not rely on them as statements of representation and should check that the information is correct by inspection or otherwise. Where there is a conflict between the contents of the legal documents and these particulars, the information contained in the legal documents shall prevail.
