Price changed to £250,000
November 8, 2024
Listed for £270,000
September 23, 2023
The Property
Visit PURPLEBRICKS.CO.UK 25/7 to make arrangements to view!
Purplebricks take pride in being selected to exclusively market this two bedroom ex local authority apartment set within a popular leafy residential location in Forest Gate, East London.
The property presents an ideal opportunity for young professional first time buyers and investment purchasers looking to snap up an attractive investment acquisition.
Perfect for those would-be purchasers looking to stamp their own market on a property rich in potential, the flat boasts 700 square feet approx of accommodation and features double glazed windows, gas heating, generous built in interior storage and secured entry via intercom function.
This property also carries the huge advantage of being marketed with NO ONWARD CHAIN!
Service charge: £949
Ground rent: £10 per year
Leasehold - 125 years from 23/10/1995 which may effect the the ability to purchase the property with a mortgage or lending
Material information:
The information above has been provided by the vendor, agent and GOTO Group and may not be accurate. Please refer to the property’s Legal Pack. (You can download this once you have registered your interest against the property). This pack provides material information which will help you make an informed decision before proceeding. It may not yet include everything you need to know so please make sure you do your own due diligence as well.
Location
Davidson Terraces, E7 stands enviably situated on the borders of thriving Forest Gate & Stratford!
Forest Gate has rapidly gained its reputation as a highly coveted residential pocket of East London. With its superb array of pubs, restaurants and contemporary cafes, delis, independent boutiques and general retail amenities, Forest Gate is ideal for young families and professionals alike.
The area is also popular due to the amount of green open parkland in the vicinity, with both West Ham Park and Wanstead Flats being conveniently accessible - providing plenty of options for pursuing recreational activities, picnicking with friends and family, dog walking or for simply whiling away the hours on a sunny summer’s day!
Transport wise, neighbouring Stratford is considered one of the major hubs outside the centre of town. Offering excellent connections to various parts of the city and beyond, Stratford Underground Station is served by the Central and Jubilee lines as well as the DLR. London Overground, TFL Rail and mainline links are also available including the Fenchurch Street-Southend 'C2C'. Stratford International Station is served by the high-speed Eurostar trains which provide direct links to Paris, Brussels, Amsterdam and a variety of other European destinations. Within the immediate vicinity, Forest Gate Elizabeth Line Station is positioned just around a 5 min walk away.
Stratford is famed for its shopping district, Westfield Stratford, Europe's largest urban shopping centre with over 250 shops, restaurants and bars! There also several other attractions in the local area, such as Queen Elizabeth Olympic Park, the distinctive ArcelorMittal Orbit Tower and The Theatre Royal, Stratford East.
Property Description
Being Sold by GOTO Online Auction
Starting Bids from £270,000
Buy it now option available
Please call or visit Purplebricks Online Auctions for more information.
This property is for sale by Online Auction. The Online Modern Method of Auction is a flexible buyer friendly method of purchase. The purchaser will have 56 working days to exchange and complete once the draft contract has been issued by the vendors solicitor. Allowing the additional time to exchange and complete on the property means interested parties can proceed with traditional residential finance. Upon close of a successful auction or if the vendor accepts an offer during the auction, the buyer with be required to put down a non-refundable reservation fee. The fee will be a fixed fee including the Vat, this secures the transaction and takes the property off the market. The buyer will be required to agree to our terms and conditions prior to solicitors being instructed. Copies of the Reservation form and all terms and conditions can be found on the online Auction website or requested from our Auction Department.
Please note this property is subject to an undisclosed Reserve Price which is typically no more than 10% in excess of the Starting Bid. Both the Starting Bid and Reserve Price can be subject to change. Our primary duty of care is to the vendor. Terms and conditions apply to the Modern Method of Auction, which is operated by GOTO Auctions.
To book a viewing visit Purplebricks
General Information
This property is for sale by Online Auction which is a flexible and buyer friendly method of purchase. The purchaser will not be exchanging contracts on the fall of the virtual hammer but will be given 56 working days in which to complete the transaction, from the date the Draft Contract is issued by the seller’s solicitor. By giving a buyer time to exchange contracts on the property, means normal residential finance can be sorted.
The Buyer’s Premium secures the transaction and takes the property off the market. Fees paid to the Auctioneer reserve the property to the buyer during the Reservation Period and are paid in addition to the purchase price and are considered within calculations for Stamp Duty Land Tax. Further clarification on this must be sought from your legal representative. The buyer will be required to sign a Reservation form to confirm acceptance of terms prior to solicitors being instructed. Copies of the Reservation form and all terms and conditions can be found in the Info Pack which can be downloaded for free from our website or requested from our Auction Department.
Upon close of a successful auction or if the vendor accepts an offer during the auction, the buyer will be required to make payment of a non-refundable Buyer’s Premium of 3.6% of the purchase price including VAT and a Legal Pack fee of £372 including VAT (this is subject to a minimum amount of £6,600 including VAT and a Legal Pack Fee of £372 including VAT). This secures the transaction and takes the property off the market.
Buyer's Administration Charge
If the Buyer Information Pack has been produced and provided by GOTO Group any successful purchaser will be required to pay £372.00 (including VAT) towards the cost of the preparation of the pack. These can then be used by your solicitor to progress the sale.
Buyer Fees
Stamp Duty Land Tax (SDLT) is applicable if you buy a property or land over a certain price in England, Wales or Northern Ireland.
Property ownership information
Ground rent review period: No review period
Service charge review period: Every 1 year
Lease end date: 20/10/2120
Some or all information pertaining to this property may have been provided solely by the vendor, and although we always make every effort to verify the information provided to us, we strongly advise you to make further enquiries before continuing. If you book a viewing or make an offer on a property that has had its valuation conducted virtually, you are doing so under the knowledge that this information may have been provided solely by the vendor, and that we may not have been able to access the premises to confirm the information or test any equipment. We therefore strongly advise you to make further enquiries before completing your purchase of the property to ensure you are happy with all the information provided.
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