1 bedroom Flat in Hastings

384a Old London Road, Hastings TN35 5BB
  • Lot No: 120
  • Property Type: Flat
  • Contract Type: Unconditional with Variable Fee

Guide Price* £55,000+ plus fees

Result Sold Prior to Auction

Property Description

A vacant investment opportunity to purchase a one bedroomed flat previously rented out for £9,000 per annum. This one bedroomed flat offers an excellent return on investment based on the previous tenancy, with a yield of 15% against the guide price. This is certainly not an opportunity to be missed for any buy-to-let investor looking for a high yielding property. The property is accessed by its own front door and leads upstairs to a lounge, double bedroom and shower room as well as a separate kitchen. Its located in Hastings and not far from the coast or indeed Eastbourne, so there are many amenities within close proximity of the property.

First Floor Accommodation

Constisting of -


Lounge

16ft 9 max x 10ft 7 max (5.11m max x 3.23m max)


Kitchen

9ft 6 max x 7ft 8 (2.90m max x 2.34m)


Bedroom

12ft 1 max x 9ft 6 (3.68m max x 2.90m)


Shower Room

Not measured.


Note

Please be advised that the auctioneers have not personally inspected the property. Prospective buyers are advised to make a viewing enquiry and any other necessary independent enquiries before placing their bid, as this will be binding.


Leasehold Information

Any ground rent and service charge review periods will be confirmed in the lease documents within the legal pack.


Tenure

Leasehold

Auction Details: The sale of this property will take place on the stated date by way of Auction Event and is being sold as Unconditional with Variable Fee (England and Wales). Binding contracts of sale will be exchanged at the point of sale. All sales are subject to SDL Property Auctions’ Buyers Terms. Properties located in Scotland will be subject to applicable Scottish law. Auction Deposit and Fees: The following deposits and non- refundable auctioneer’s fees apply:
  • 5% deposit (subject to a minimum of £5,000)
  • Buyer’s Fee of 4.8% of the purchase price for properties sold for up to £250,000, or 3.6% of the purchase price for properties sold for over £250,000 (in all cases, subject to a minimum of £6,000 inc. VAT). For worked examples please refer to the Auction Conduct Guide.
The Buyer’s Fee does not contribute to the purchase price, however it will be taken into account when calculating the Stamp Duty Land Tax for the property (known as Land and Buildings Transaction Tax for properties located in Scotland), because it forms part of the chargeable consideration for the property. There may be additional fees listed in the Special Conditions of Sale, which will be available to view within the Legal Pack. You must read the Legal Pack carefully before bidding. Additional Information: For full details about all auction methods and sale types please refer to the Auction Conduct Guide which can be viewed on the SDL Property Auctions’ home page. This guide includes details on the auction registration process, your payment obligations and how to view the Legal Pack (and any applicable Home Report for residential Scottish properties). Guide Price & Reserve Price Each property sold is subject to a Reserve Price. The Reserve Price will be within + or – 10% of the Guide Price. The Guide Price is issued solely as a guide so that a buyer can consider whether or not to pursue their interest. A full definition can be found within the Buyers Terms.

Auction Details

Date 27th April 2023

Venue National Property Auction
The National Property Auction will be broadcast live on our website and open to remote bidding online, on the phone and by proxy. Registration for bidding will close at 5pm the day before the auction.

Lot Information

Contact Us

If you have any questions, call our team on 0800 046 5454

Map

384a Old London Road, Hastings TN35 5BB