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2 Bed Flat, Refurb/BRRR, London, SE17 3LY £300,000

Lorrimore Road, London, SE17 3LY - 39 views - a year ago
  1. Deal Search
  2. London
  3. SE17
  4. SE17 3LY
Leasehold
Auction
Cash
Refurb/BRRR
ROI: 5%
~68 m²

ValuationFair Value

This may not be accurate, please check manually.

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Links

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Property History

Listed for £300,000

November 6, 2024

Floor Plans

Description

  • Sale by Modern Auction (T&Cs apply) +
  • Subject to an undisclosed Reserve Price +
  • Buyers fees apply +
  • Requires Complete Renovation +
  • Two Double Bedrooms +
  • Private Balcony +
  • No Onward Chain +
  • First Floor +

SUMMARY
OPEN HOUSE - Saturday 16th November 10:00 - 11:00, contact us for details.

*CASH BUYERS ONLY* Due to internal condition. We are delighted to present a rare opportunity to acquire this two double bedroom first floor apartment with a private balcony, situated in this low rise brick built block. The property is in need of complete renovation throughout.

DESCRIPTION
*CASH BUYERS ONLY - Due to internal condition of property* We are delighted to offer a rare opportunity to acquire this two double bedroom first floor apartment in need of complete renovation throughout, situated in this low rise brick built block. The property also benefits from a private balcony and is available for sale with no onward chain. Nestled in this quiet residential location amenities are still plentiful. Situated on the popular Lorrimore Road the property is located within easy reach of Kennington, Walworth Road and Elephant and Castle which offer a variety of bars, shops and restaurants. The green open spaces of Kennington Park can be found within just 0.2 miles. Transport links are available close by at Kennington Tube Station (Northern Line) as well as a wide range of bus routes available that would provide access towards the city and surrounding areas.

Accommodation comprises an entrance hall, two genuine double bedrooms of similar proportions, large living room, separate kitchen, bathroom, WC and private balcony.

Early viewings advised as quick sale expected.

Auctioneer's Comments 
This property is offered through Modern Method of Auction. Should you view, offer or bid your data will be shared with the Auctioneer, iamsold Limited. This method requires both parties to complete the transaction within 56 days, allowing buyers to proceed with mortgage finance (subject to lending criteria, affordability and survey). The buyer is required to sign a reservation agreement and make payment of a non-refundable Reservation Fee of 4.5% of the purchase price including VAT, subject to a minimum of £6600.00 including VAT. This fee is paid in addition to purchase price and will be considered as part of the chargeable consideration for the property in the calculation for stamp duty liability. Buyers will be required to complete an identification process with iamsold and provide proof of how the purchase would be funded. The property has a Buyer Information Pack containing documents about the property. The documents may not tell you everything you need to know, so you must complete your own due diligence before bidding. A sample of the Reservation Agreement and terms and conditions are contained within this pack. The buyer will also make payment of no more than £349 inc. VAT towards the preparation cost of the pack. Please confirm exact costs with the auctioneer. The estate agent and auctioneer may recommend the services of other providers to you, in which they will be paid for the referral. These services are optional, and you will be advised of any payment, in writing before any services are accepted. Listing is subject to a start price and undisclosed reserve price that can change.

We currently hold lease details as displayed above, should you require further information please contact the branch. Please note additional fees could be incurred for items such as leasehold packs.

1. MONEY LAUNDERING REGULATIONS: Intending purchasers will be asked to produce identification documentation at a later stage and we would ask for your co-operation in order that there will be no delay in agreeing the sale.
2. General: While we endeavour to make our sales particulars fair, accurate and reliable, they are only a general guide to the property and, accordingly, if there is any point which is of particular importance to you, please contact the office and we will be pleased to check the position for you, especially if you are contemplating travelling some distance to view the property.
3. The measurements indicated are supplied for guidance only and as such must be considered incorrect.
4. Services: Please note we have not tested the services or any of the equipment or appliances in this property, accordingly we strongly advise prospective buyers to commission their own survey or service reports before finalising their offer to purchase.
5. THESE PARTICULARS ARE ISSUED IN GOOD FAITH BUT DO NOT CONSTITUTE REPRESENTATIONS OF FACT OR FORM PART OF ANY OFFER OR CONTRACT. THE MATTERS REFERRED TO IN THESE PARTICULARS SHOULD BE INDEPENDENTLY VERIFIED BY PROSPECTIVE BUYERS OR TENANTS. NEITHER SEQUENCE (UK) LIMITED NOR ANY OF ITS EMPLOYEES OR AGENTS HAS ANY AUTHORITY TO MAKE OR GIVE ANY REPRESENTATION OR WARRANTY WHATEVER IN RELATION TO THIS PROPERTY.

Agent Details

Barnard Marcus, Kennington

020 3835 4206

Next Steps?

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Investment Opportunity

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