5 Shire House, Harrow Road, Leytonstone E11 3PX
5 Shire House, E11 3PX
- 2
Key features
Guide Price: *
£215,000
Fees apply
Buyer's fee:3.6% (min. £6,000)
All fees include VAT at 20%
Auction Type:
Traditional
Start price:
£180,000Bid history
0 bidsSpacious long lease 1 bedroom investment flat in good condition producing £14,400 per annum with access onto shared garden and parking to the rear. Popular residential area within walking distance of Leytonstone High Road overground and Leyton & Leytonstone underground stations (Central Line) and the town centre. Sold with tenants in situ so immediate income and priced competitively for a quick sale.
Situation & Description
Leytonstone is a popular London suburb in Zone 3 with excellent commuter links to central London via the Overground and Leytonstone tube (Central Line) as well as excellent access via road on the A12 and A406 North Circular.
The town has a wide range of local and national retailers with a fantastic selection of cafes, restaurants, bars and shops with nearby Wanstead Park, Wanstead Flats, Hackney Marshes and The Olympic Park all within easy reach.
Currently let for £1,200 per calendar month to a long-term tenant, the flat is producing £14,400 per annum which is - in our opinion - below the current rental market value but if bought at the guide price, still produces a 6.7% gross yield.
Accommodation
Ground Floor: Entrance Hall, Living/Dining Room, Kitchen, Double Bedroom and Bathroom
Outside there is access from the Living Room into the shared garden. Parking is to the rear of the property and private.
Auctioneer's Notes
If you are interested in making a pre-auction offer, please contact us and we will speak with the vendors.
If you require auction or bridging finance or are concerned about the completion date, speak with one of our team.
Auction Details
Please note that a Buyer’s Premium of 1.8% (inc.of VAT) of the purchase price is to be paid by the successful Buyer subject to a minimum fee of £3,000 (inc.of VAT)
Summary
- Property type
- Flat
- Tenure
- Leasehold
- Bedrooms
- 1
- Bathrooms
- 1
- Council tax band
- Ask Agent
Summary
- Property type
- Flat
- Tenure
- Leasehold
- Bedrooms
- 1
- Bathrooms
- 1
- Council tax band
- Ask Agent
This property is being sold by:
Rocket Auctions
02081642892
†Traditional auction
Exchange occurs at the end of the auction. This means that if the reserve is met or exceeded and the auction timer reaches zero, the successful bidder is legally obliged to pay the purchase price and the seller will be legally obliged to sell the property. To ensure that the successful bidder proceeds, the buyer is automatically charged a holding deposit, which is held in a secure client account, pursuant to the terms of a holding deposit agreement.
* Pricing Information
The Guide Price amount specified is an indication of each seller's minimum expectation. It is not necessarily the amount at which the property will sell. Each property will be offered subject to a Reserve (a figure below which the property will not be sold) which we expect will be set no more than 10% above the Guide Price amount.
Bamboo Auctions and Rocket Auctions shall not be liable for any inaccuracies in the fees stated on this description page, in the bidding confirmation pop up or in the particulars. Buyers should check the contents of the legal pack and special conditions for accurate information on fees. Where there is a conflict between the fees stated in the particulars, the bid information box above or the bidding confirmation pop up and the contents of the legal pack, the contents of the legal pack shall prevail.
Stamp Duty Land Tax or Land and Buildings Transaction Tax may also apply in some circumstances.
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Disclaimer
All information relating to this property, including descriptions, pictures and other related information has been provided by Rocket Auctions. All legal documents in relation to this property have been provided by the Vendor's solicitor. Neither Bamboo Auctions or any individual in employment with Bamboo Auctions makes any warranty as to the accuracy or completeness of any of the property information.
These particulars do not form part of any contract or offer. Buyers should not rely on them as statements of representation and should check that the information is correct by inspection or otherwise. Where there is a conflict between the contents of the legal documents and these particulars, the information contained in the legal documents shall prevail.
