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2 Bed Semi-Detached House, Refurb/BRRR, London, E16 3SN £208,000

1 Fleetwood Close, Beckton, London, E16 3SN - 39 views - a year ago
  1. Deal Search
  2. London
  3. E16
  4. E16 3SN
Auction
Cash
Refurb/BRRR
ROI: 4%
~68 m²

ValuationFair Value

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Property History

Listed for £208,000

January 27, 2025

Floor Plans

Description

  • Sale by ONLINE AUCTION +
  • open for CASH BUYERS only +
  • Property is chain free +
  • 45 Days to Complete +

2 Bedroom, Semi-detached House, 1 Fleetwood Close, Beckton, London, E16 3SN

Overview
Hammer Price Homes are pleased to present for sale by online auction this 2 bedroom semi-detached house in Beckton, East London. The sale is open for cash buyers only.

The property briefly comprises: To the ground floor there is a hallway leading to a living room and kitchen. To the first floor there is a landing leading to 2 bedrooms and a bathroom.

Outside there is a garden to the front and rear of the property. The property benefits for a private parking space located at the end of the rear garden, and as seen on the Land Registry Title Plan, which is available for download from the Hammer Price Homes website.

As will be evident at the open days, whilst most of the property has been cleared, the rear garden is overgrown. The property is sold as seen and it will be the responsibility of the buyer to clear the rear garden vegetation post completion.

The property requires renovation throughout, and this sale is open for cash buyers only due to the general condition and quick completion requirements, we feel it may not be possible to obtain a mortgage on the property. There will be no grounds for the buyer to withdraw from the sale with a return of the reservation fee citing issues around the condition of the property, for any issues in financing the purchase, or for any concerning information within the searches. The property is sold as seen.

The property is currently steel shuttered which can be seen on the property photographs. The steel shuttering has been arranged by the current vendors on a rental agreement and will be removed post completion. Before removing the steel shuttering, we will allow sufficient time post completion (approximately 14 days) for the buyer to make alternative security arrangements if required. Should the buyer wish to continue a rental agreement, details of the current steel shutter suppliers will be provided.

To view the property please visit the Hammer Price Homes website, register as a buyer and book in for a viewing.

Location
Situated in Beckton, this vibrant area offers a range of local amenities and facilities, also benefits from being close to local schools, parks, and other amenities. The property provides easy access to Beckton DLR and Canning Town stations, as well as numerous bus routes, along with easy access to A13 (Newham Way), A406 (North Circular Road) and the M25. The property is conveniently located close to Beckton District Park North and South.

Special Conditions
This sale is open for cash buyers only due to the general condition and quick completion requirements, we feel it may not be possible to obtain a mortgage on the property. There will be no grounds for the buyer to withdraw from the sale with a return of the reservation fee citing issues around the condition of the property, for any issues in financing the purchase, or for any concerning information within the searches. The property is sold as seen.

45 days to complete.

Tenure
Tenure - Freehold - Land Registry documents including title plan and Official Copy (Transfer) 20.12.1982 are available for download from the Hammer Price Homes website.

Other information
The Administrator / Solicitor dealing with the estate has never lived at the property and therefore has limited knowledge. The below information has been provided to the best of our knowledge and should not be relied on in full. Please note due to the nature of the property some of the services may be isolated.
Council Tax Band - C
EPC Rating - D
Utilities:
Primary source of Water Supply: Assumed Mains
Primary source of Electricity Supply: Assumed Mains
Primary source of Gas Supply: Mains Gas Supply (information taken from EPC Certificate)
Source/s of heating: Boiler & Radiators (information taken from EPC Certificate)
Primary arrangement for Sewerage/Drainage: Due to the property being on a residential street, it is assumed that it is connected to a public sewer.

Searches
Searches have been ordered and will be made available for download from the Hammer Price Homes website prior to the bidding taking place. The winning bidder will be required to pay for the search pack which is £300 (Inc. VAT), this is payable at the same time as the reservation fee. Prospective buyers are to review all searches available prior to bidding.

Auction Details
Open for cash buyers only. 45 days to complete
Auction ends - Thursday 20th February 2024 at 1:15pm (Subject to anti-sniping).
Bidding Window Opens - Tuesday 18th February 2024 at 12:00pm (Bidding will not be possible until this time).
Starting price - £208,000 (Reserve price is higher & unpublished, typically the starting price will be 15 - 20% below the Reserve figure as per our Buyer Terms)

Fees
All fees are payable by bank transfer only (we do not take card payments).
Reservation Fee - Please note that there is a Reservation Fee (3.6% of the eventual sale price, including VAT, subject to a minimum fee of £3,600 Including VAT) payable by the buyer within 2 hours of winning the auction. The reservation fee does not constitute part of the sale price, this is the auctioneer's fee and is to be paid over & above the sale price paid to the Vendor.
Searches -The buyer is required to pay £300 (Inc. VAT) for the search pack. This is payable at the same time as the reservation fee.

Viewings
To view the property please visit the Hammer Price Homes website, register as a buyer and book in for a viewing. Bidding is only permitted for those who have viewed. Viewers must stick to their time precisely.

Property Details
Approx. gross internal floor area - 656 SQ FT / 61.0 SQ M

Ground Floor
Comprises of an entrance hallway leading to these rooms:
Living Room - 13'9 x 10'1 (4.19m x 3.08m)
Kitchen - 7'7 x 13'1 (2.30m x 3.98m)

First Floor
Comprises of a landing leading to these rooms:
Bedroom 1 - 13'9 x 7'6 (4.19m x 2.28m)
Bedroom 2 - 10'5 x 12'4 (3.19m x 3.75m)
Bathroom - no measurement taken

Parking
Private off street parking space

How to make an offer
Offers can only be made via the online auction in the form of a bid once the bidding window has opened. No offers will be accepted outside of the auction process.

Once a sale has been agreed (STC) and a price agreed then no further price negotiation will take place. This sale price is fixed at the winning auction price and the buyer honoured to pay it. Any subsequent attempt by the buyer to contact the vendor direct to renegotiate on price would hold the buyer in breach of our terms. Should the buyer withdraw then they may have to forfeit the reservation fee. Please read the buyer terms and FAQ's on the site for more details.

This is a probate property and is sold as seen. The Administrator / Solicitor dealing with the estate has never lived at the property so may not be able to answer the usual pre-contract questions or provide a property information form.

Agent Details

Hammer Price Homes Ltd, Manchester

020 3814 1888

Next Steps?

This deal was sourced from Rightmove. Contact the landlord/agent for a viewing now 💪

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