Lot 126 - Residential Investment - Ground Floor Studio Flat
21 Wingrove Court, Broomfield Road, Essex, CM1 4ES
Guide Price: *
£85,000
Fees apply
Buyer's fee:Check legal pack
All fees include VAT at 20%
Holding Deposit: *£5,000
*Only charged if you are the successful buyer and goes towards the purchase price
Auction Type:
Traditional
Sold for:
£80,000Bid history
1 bidH
28/09/2023 13:04:00 - £80,000
Currently let at £6,000 per annum
This ground floor studio flat is situated to the north of Chelmsford City Centre, off Broomfield Road at its junction with Patching Hall Lane. On Broomfield Road there is a parade of shops including Tesco Express. There are bus stops nearby giving good access to Chelmsford City Centre and Broomfield hospital. Chelmsford has a mainline railway station offering good commuter service to London (Liverpool Street) in approximately 35 minutes
The flat is currently tenanted, but does require some modernisation and improvement to bring it up to a good standard and potentially increase the market rental and yield.
Ground Floor
Communal entrance accessed from the car park to the rear of the building, private entrance, living room/bedroom, kitchen, inner hallway/dressing room with storage cupboard and shower room with W.C.
Outside
Communal grounds, bin store and residents parking area.
Council Tax Band A
Tenancy
Let under the terms of an Assured Shorthold Tenancy at a current rental of £500 per calendar month.
Tenure
Remainder of 120-year lease from 1st May 1983 at a current ground rental of £62 per annum.
Viewing
Interested applicants may view externally only and are requested not to contact the tenant direct. Further photographs and video are available on the Clive Emson website.
Summary
- Lot number
- 126
- Auction end
- 28th Sep at 13:15
- Property type
- Residential
- Tenure
- Ask Agent
- Bedrooms
- 0
- Bathrooms
- 1
- Council tax band
- Ask Agent
Summary
- Lot number
- 126
- Auction end
- 28th Sep at 13:15
- Property type
- Residential
- Tenure
- Ask Agent
- Bedrooms
- 0
- Bathrooms
- 1
- Council tax band
- Ask Agent
This property is being sold by:
Clive Emson - Essex, North & East London
01245 205778
First Floor, 129 New London Road, Chelmsford, Essex, CM2 0QT
†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 Clive Emson Auctioneers 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 Clive Emson Auctioneers. 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.
