Modern two bedroom flat, Barking.
311 Gurney Close, Barking, IG11 8LD
- 5
Key features
Guide Price: *
£200,000
Fees apply
Reservation fee:2.4% (min. £3,600)
All fees include VAT at 20%
Auction Type:
Conditional
Sold for:
£221,000Bid history
5 bidsI
17/08/2022 17:30:24 - £221,000
S
17/08/2022 15:25:54 - £220,000
C
17/08/2022 14:01:04 - £215,000
See all 5 bids ▾
This second floor flat would be a good starter home for any 'First Time Buyer' looking to get onto the property ladder or equally an ideal purchase for investment into the rental market.
The property is being marketed under online auction conditions with the seller looking for a quick sale. The flat is modern inside with a bright outlook. There is a contemporary Kitchen and Bathroom, carpets throughout, storage heating, part double glazing and communal off-street parking.
Kitchen: 3.30m x 1.99m (10’10” x 6’6”)
Reception Room: 4.79m x 4.38m (15’9” x 14’4”)
Bedroom One: 3.70m x 2.83m (12’2” x 9’3”)
Bedroom Two: 2.75m x 2.09m (9’0” x 6’10”)
Bathroom
LOCATION
Situated close to Barking Station and a short drive to the A12 and A13, this flat is ideal for commuters and therefore a renter’s dream, which is great news for any buy-to-let investors.
Recent service charge: £1261.45
Ground rent: £10
Council tax band: B
EPC rating: 69 | C
The current owner previously let this property on a guaranteed rental scheme to the local authority. The current rental value for the property would be between £850 - £1050 per calendar month.
Tenure & Possession
The property is offered for sale leasehold with full vacant possession of all parts available upon completion of the purchase which will be scheduled to take place 28 days from the closing date of the online auction or earlier by agreement between the parties. The 28 days includes 20 days from the closing date to exchange contracts and a further 8 days maximum to complete.
Local Authority
Barking & Dagenham.
Viewing
Viewers must notify the selling Agents, Keller Williams, of their intention to view, and provide full name, address, and contact details prior to viewing. All agreed viewings will then be unaccompanied, during daylight hours.
Method of Sale
The property will be offered for sale by online conditional auction.
Reserve
The property will be offered for sale subject to an undisclosed reserve and the Vendors reserve the right through their Agents to bid up to and including the reserve price.
Auction Pack
The Auction Pack, prepared by the vendor’s solicitors, will be available to view online prior to the final auction date at https://www.kwukplus.com/onlineauction/
All prospective purchasers bidding through the online auction will be deemed to have bid for the property in the full knowledge of their contents and shall not raise any requisition or objection whatsoever thereafter.
Buyers Fee
The successful purchaser(s) will be liable to pay a “reservation fee” of 2% of the sale price (plus VAT)
Bidder Registration
All potential bidders are required to register online at https://www.kwukplus.com/onlineauction/ in order to view the legal documents and/or bid.
Consumer Protection Regulations
Whilst we endeavour to make our sales details accurate and reliable, if there is any point which is of particular interest to you, please contact the office and we will be pleased to confirm the position for you, particularly if you are contemplating travelling some distance to view the property.
Guide Price: An indication of the seller’s current minimum acceptable price at auction. The guide price or range of guide prices is given to assist consumers in deciding whether or not to pursue a purchase. It is usual, but not always the case, that a provisional reserve range is agreed between the seller and the auctioneer at the start of marketing. As the reserve is not fixed at this stage and can be adjusted by the seller at any time up to the day of the auction in the light of interest shown during the marketing period, a guide price is issued. This guide price can be shown in the form of a minimum and maximum price range within which an acceptable sale price (reserve) would fall, or as a single price figure within 10% of which the minimum acceptable price (reserve) would fall. A guide price is different to a reserve price (see separate definition). Both the guide price and the reserve price can be subject to change up to and including the day of the auction.
Reserve Price: the seller’s minimum acceptable price at auction and the figure below which the auctioneer cannot sell. The reserve price is not disclosed and remains confidential between the seller and the auctioneer. Both the guide price and the reserve price can be subject to change up to and including the day of the auction.
Summary
- Auction end
- 17th Aug at 18:00
- Property type
- Residential
- Tenure
- Ask Agent
- Bedrooms
- 2
- Bathrooms
- 1
- Council tax band
- Ask Agent
Summary
- Auction end
- 17th Aug at 18:00
- Property type
- Residential
- Tenure
- Ask Agent
- Bedrooms
- 2
- Bathrooms
- 1
- Council tax band
- Ask Agent
This property is being sold by:
KW Plus
kwplus@kwuk.com
101-135 Kings Road, Brentwood, Essex, CM14 4DR
†Conditional auction
If the reserve is met or exceeded and the auction timer reaches zero, an exclusivity period begins in relation to that property. The successful bidder is contractually required to exchange on the property on or before the expiry of 20 working days from the end of the auction (unless otherwise stated in the "Other Key Info" section in the listing above). All properties sold by conditional auction are sold subject to a reservation fee which is clearly stated in the terms and conditions attached to the property and in the bidding box before a bid is placed. The reservation fee is payable in addition to the final purchase price and is received on a non-refundable basis, subject to the terms of the Reservation Agreement. To ensure that the successful bidder proceeds, the winning buyer is automatically charged a reservation fee and agrees prior to making their bid, to pay any outstanding amount of the property reservation fee immediately at the end of the auction. The auctioneer will be authorised to sign the reservation agreement on both the buyer’s and seller’s behalf. If by the seller’s act, exchange does not occur on or before the expiry of 20 working days from the end of the auction (unless otherwise stated in the "Other Key Info" section in the listing above), the reservation fee shall be fully refunded to the buyer. If the buyer fails to exchange on or before the expiry of 20 working days from the end of the auction (unless otherwise stated in the "Other Key Info" section in the listing above), they will forfeit the full amount of the reservation fee.Fees paid to the Auctioneer may be considered as part of the chargeable consideration for the property and be included in the calculation for stamp duty liability. Further clarification on this must be sought from your legal representative.
* 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 Keller Willams UK 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 Keller Willams UK 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.
