Under Offer
£80,000

2 bed Flat for sale in Sea Road, Dorset, BH5 (ref: 379629)

Shortlist

Key Features

  • Management incentive available
  • Close To Beach
  • No Onward Chain
  • investment opportunity
  • Mortgage buyers welcome
  • Buyers fee applies
  • Tenant in situ
  • Long standing tenant
  • Guide Price £80,000-£90,000
  • Auction pack available on request
Ideal BTL purchase. This flat is ideal for any landlord looking to start or expand their rental portfolio. The tenant currently pays a rent of £725PCM and has previously expressed a desire to remain in the property.

The tenant has an excellent track record of rent payment and looks after the property well. We would highly recommend this property as a buy to let due to its location which is very close to local shops and a short walk from Boscombe Beach.

Charges

-£80pcm service charges

-Lease 158 Years

-Ground Rent 75pa

Auction terms:

This property is offered for sale by the ‘modern method of auction’ through an Online

Auction. This is a modern twist on the traditional auction room sale where buyers can bid for

the property via an online platform. The winning bidder, assuming the reserve is met, is

granted exclusivity of the property at the winning bid price for 28 days in which they must

exchange or the vendor is free to remarket the property and the reservation fee will not be

returned. The auction will run for 3 hours on a set date and time chosen by the vendor of the

property. Upon completion of a successful auction the winning bidder will be required to pay

a non-refundable reservation fee of 3% inclusive of VAT of the winning bid in addition to the

purchase price subject to a minimum fee of £4,800 inclusive of VAT. The auction is powered

and carried out by Whoobid and is subject to terms & conditions which will form part of the

auction pack which will be available to download for free once produced by the vendors

legal representatives. We strongly recommend that you review the legal documents prior to

bidding and seek legal advice. PLEASE REMEMBER THAT THE RESERVATION FEES

ARE PAYABLE IN ADDITION TO THE ASKING PRICE.

Fees paid to the auctioneer may be considered as part of the chargeable consideration and

may attract stamp duty liability. Bidders will be required to register in order to download the

‘legal pack’, if you choose to bid on the property you will be required to complete further

identity checks for anti- money laundering purposes, provide card and solicitors details

before you are able to place a bid.

Properties may be sold prior to public auction if an offer is accepted by the vendors.

**Guide price - This is an indication of the seller’s minimum expectations at auction and is

not necessarily the figure the property will achieve but acts as a guide, prices are subject to

change prior to the auction.

**Reserve price - Most auctions will be subject to a reserve price, if this figure is not

achieved during the auction then the property will not be sold. In normal circumstances the

reserve price should be no more than 10% above a single figure guide price or if a guide

price bracket is quoted the reserve will fall somewhere within those figures.

Stamp Duty Due

Based on a sale price of £80,000 the total amount of stamp duty payable will be:

*

Last updated: The calculator has been updated following the end of the stamp duty holiday on 1st October 2021.

* This value is based on the standard rate and not applicable to first-time buyers or buy-to-let / second home buyers.

Property Images

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Further Details

  • Status: Under Offer
  • Reference: 379629

Location

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