2 bedroom Maisonette in Hockley

249A Ferry Road, Hullbridge, Hockley, Essex SS5 6NA
  • Lot No: 153
  • Property Type: Maisonette
  • Contract Type: Unconditional with Variable Fee

Guide Price* £95,000 - £110,000 plus fees

Result Sold at Auction £110,000

Property Description

A refurbished 2 bedroom maisonette with an extended 150 year lease offering an excellent investment with potential income in the region of £12k - £15k per year available. This split level property has recently been completely refurbished and is now available for a new landlord to maximise their return on investment. With rents increasing exponentially in the area and in very short supply this is a fantastic opportunity for a forward thinking landlord to purchase an in demand investment opportunity. The property is accessed on the ground floor and leads up to the 1st floor which offers a very generously sized lounge/kitchen/dining area opening to a private balcony, additionally on the 1st floor is the bathroom. The second floor has 2 bedrooms. The property is centrally located to a wide range of local amenities and transport links with Rayleigh train station close by.

Additional Information:

Construction Material: Timber frame, as built. Heating: Electric storage heaters. (Taken from EPC) Coverage: Broadband - Standard, Ultrafast and Superfast is available in this location. Mobile signal - O2, Vodafone, EE and Three show as high in this area. Satellite and Cable - BT and Sky show as available in this area.


Note

Prospective buyers are advised to make all necessary independent enquiries prior to placing their bid as this will be binding.


Draft Sales Details

These sales details are awaiting vendor approval.


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 26th September 2024

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

249A Ferry Road, Hullbridge, Hockley, Essex SS5 6NA