Standout Features
- Sold by Modern Auction(T&Cs apply)
- Subject to Reserve Price
- Buyer Fees Apply
- Modern Method of Auction
- 10% deposit payable
- Earn From Day One
- 18.10% Gross Yield
- Two Bedrooms
- Popular Location
Property Description
PROPERTY DESCRIPTION Full Description
Tenure: Leasehold - 95 years remaining
Fantastic Investment Opportunity - High Rental Yield
This spacious two-bedroom apartment presents a superb investment opportunity, situated in a prime residential location and currently generating an annual rental income of £11,400, delivering an impressive 18.10% return based on the guide price.
Located on the second floor, the property offers well-proportioned living space and briefly comprises:
Entrance Hall
Open-Plan Kitchen/Living/Dining Area (20'8" x 9'10") - A bright and versatile space
Bedroom 1 (13'1" x 8'6") - A generous double room
Bedroom 2 (13'1" x 6'7") - Ideal as a second bedroom or home office
Bathroom (7'3" x 5'7")
Prime Location & Excellent Connectivity
The property is centrally located, offering easy access to local amenities, shops, restaurants, and excellent transport links.
Additional Information:
Flood Risk: Very low (surface water)
Mobile Coverage: O2, EE, Three, and Vodafone
Construction: System-built, as originally constructed, no insulation
Broadband: Standard and ultrafast broadband available
Auctioneer Comments:
This property is for sale by Modern Method of Auction allowing the buyer and
seller to complete within a 56 Day Reservation Period. Interested parties'
personal data will be shared with the Auctioneer (iamsold Ltd).
If considering a mortgage, inspect and consider the property carefully with
your lender before bidding. A Buyer Information Pack is provided. The buyer
is responsible for the Pack fee. For the most recent information on the Buyer
Information Pack fee, please contact the iamsold team.
The buyer signs a Reservation Agreement and makes payment of a Non-
Refundable Reservation Fee of 4.5% of the purchase price including VAT,
subject to a minimum of £6,600 inc. VAT. This Fee is paid to reserve the
property to the buyer during the Reservation Period and is paid in addition to
the purchase price. The Fee is considered within calculations for stamp duty.
Services may be recommended by the Agent/Auctioneer in which they will
receive payment from the service provider if the service is taken. Payment varies but will be no more than £960 inc.
VAT. These services are optional.
HMRC COMPLIANCE All sellers and buyers will be required to complete online identity checks provided by MoveButler. The cost of these checks is £60 inc. VAT per person which is paid in advance, directly to MoveButler. This charge verifies your identity in line with our obligations as agreed with HMRC.
Tenure: Leasehold - 95 years remaining
Fantastic Investment Opportunity - High Rental Yield
This spacious two-bedroom apartment presents a superb investment opportunity, situated in a prime residential location and currently generating an annual rental income of £11,400, delivering an impressive 18.10% return based on the guide price.
Located on the second floor, the property offers well-proportioned living space and briefly comprises:
Entrance Hall
Open-Plan Kitchen/Living/Dining Area (20'8" x 9'10") - A bright and versatile space
Bedroom 1 (13'1" x 8'6") - A generous double room
Bedroom 2 (13'1" x 6'7") - Ideal as a second bedroom or home office
Bathroom (7'3" x 5'7")
Prime Location & Excellent Connectivity
The property is centrally located, offering easy access to local amenities, shops, restaurants, and excellent transport links.
Additional Information:
Flood Risk: Very low (surface water)
Mobile Coverage: O2, EE, Three, and Vodafone
Construction: System-built, as originally constructed, no insulation
Broadband: Standard and ultrafast broadband available
Auctioneer Comments:
This property is for sale by Modern Method of Auction allowing the buyer and
seller to complete within a 56 Day Reservation Period. Interested parties'
personal data will be shared with the Auctioneer (iamsold Ltd).
If considering a mortgage, inspect and consider the property carefully with
your lender before bidding. A Buyer Information Pack is provided. The buyer
is responsible for the Pack fee. For the most recent information on the Buyer
Information Pack fee, please contact the iamsold team.
The buyer signs a Reservation Agreement and makes payment of a Non-
Refundable Reservation Fee of 4.5% of the purchase price including VAT,
subject to a minimum of £6,600 inc. VAT. This Fee is paid to reserve the
property to the buyer during the Reservation Period and is paid in addition to
the purchase price. The Fee is considered within calculations for stamp duty.
Services may be recommended by the Agent/Auctioneer in which they will
receive payment from the service provider if the service is taken. Payment varies but will be no more than £960 inc.
VAT. These services are optional.
HMRC COMPLIANCE All sellers and buyers will be required to complete online identity checks provided by MoveButler. The cost of these checks is £60 inc. VAT per person which is paid in advance, directly to MoveButler. This charge verifies your identity in line with our obligations as agreed with HMRC.
Additional Information
Tenure:
Leasehold
Ground Rent:
£257 per year
Service Charge:
£1,400 per year
Council Tax Band:
A
Arundel House, Arundel Street
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