For sale by auction on Wednesday, 11 Dec 2024 at 11:00

Venue: Livestream Auction

Excellent high yielding residential flat investment

A good sized second floor purpose built flat with 106 years remaining on the Lease. Larchwood House is a ten storey block in a residential area of Chigwell, just over a mile from Grange Hill and Hainault tube stations. Hainault Forest is very close by.

The property benefits from UPVC windows and gas central heating.

The flat is let on an AST expiring in August 2025 at a rent of £1,200 pcm giving a gross yield of 11% off the current guide price!

Baywood Square benefits from residents parking permits.

Ground Floor
Communal secure entrance with entry system.

Two passenger lifts give access to all floors

Second Floor
Personal Entrance Door,
Entrance Hall 11'8" x 5'4" max

Lounge 14'5" x 12'2"

Terrace 14'5" x 3'4"

Kitchen 10' x 8'4"

Bedroom 13'9" x 9'3"

Bathroom 6' x 6'

Council Tax Band

A

Lease Details
Term: 125 years from 21.03.2005 (106 years unexpired)

Annual Service Charge: Please refer to legal pack

Annual Ground Rent: £10.00

Viewings
Individual viewings can be arranged. Please call the Chelmsford Office to book an appointment.

EPC Rating: C

Additional Fees
Buyers Premium: £1200 inc VAT payable on exchange of contracts.

Administration Charge - 0.3% inc VAT of the purchase price, subject to a minimum of £1200 inc VAT, payable on exchange of contracts.

Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.

Price Information
* Guides are provided as an indication of each seller's minimum expectation. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Each property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide.

Additional Fees Information
Please be aware there may be additional fees payable on top of the final sale price. This includes and are not limited to administration charges and buyer's premium fees payable on exchange, and disbursements payable on completion. Please ensure you check the property information page for a list of any relevant additional fees as well as reading the legal pack for any disbursements.