Simpson Road, Stamshaw, Portsmouth Auction guide price £35,000 Leasehold

Buyers Fees Apply! We are delighted to present for sale this one bedroom, second floor retirement flat available for people aged 60 & over. Situated in Rudmore Court, Stamshaw, this converted Baptist Church also includes a resident's lounge, a laundry room, communal gardens and a lift. The accommodation on offer comprises a bedroom, a 13ft reception room, a modern fitted kitchen and a large shower room. Additional benefits include electric heating, double glazing and fitted storage. The property also boasts a residence/building manager and emergency pull cord system. Contact us today for more information. 023 92 661 662

HARDWOOD DOOR Leading to hallway.

HALLWAY Wall mounted electric heater, door to bathroom, cupboard, door to bedroom, living room, intercom system.

BATHROOM Vanity unit, close coupled WC, walk in shower cubicle with electric power shower, fully tiled, extractor fan, hand rail.

AIRING CUPBOARD Water heater.

BEDROOM 11' 3" x 8' 8" (3.43m x 2.64m) Velux window to rear aspect, wall mounted electric heater, built in mirrored wardrobes.

LIVING ROOM 14' 9" x 9' 3" (4.5m x 2.82m) Velux window to rear aspect, wall mounted electric heater, open to kitchenette.

KITCHENETTE Range of wall and base units, roll top work surfaces, stainless steel sink with mixer tap and drainer unit, tiled to principal areas, space for under counter fridge, extractor fan.

LEASE INFORMATION As of September 2023, the vendor has informed us that the lease details are as follows:-

Tenure: Leasehold (over 60's only)

Landlord/Managing Agent: Holdmanor Limited

Balance of Lease: 133 years

Ground Rent Charges: Peppercorn

Ground Rent Review Period: N/a

Service & Buildings Insurance Charges: £2424.84

Service Charges Review Period: Annually

Are Pets Allowed? No

Are Holiday lets/Airbnb lets allowed: No

Confirmation of all charges relating to this property should be confirmed by your solicitor prior to any exchanging of contracts.

AGENTS NOTE Auctioneer Comments

This property is for sale by the Modern Method of Auction. Should you view, offer or bid on the property, your information will be shared with the Auctioneer, iamsold Limited.

This method of auction requires both parties to complete the transaction within 56 days of the draft contract for sale being received by the buyers solicitor. This additional time allows 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. This being 4.2% of the purchase price including VAT, subject to a minimum of £6,000.00 including VAT. The Reservation 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 go through an identification verification process with iamsold and provide proof of how the purchase would be funded.

This property has a Buyer Information Pack which is a collection of documents in relation to the property. The documents may not tell you everything you need to know about the property, so you are required to complete your own due diligence before bidding.

A sample copy of the Reservation Agreement and terms and conditions are also contained within this pack. The buyer will also make payment of £300 including VAT towards the preparation cost of the pack, where it has been provided by iamsold.

The property is subject to an undisclosed Reserve Price with both the Reserve Price and Starting Bid being subject to change.

Referral Arrangements

The Partner Agent and Auctioneer may recommend the services of third parties to you. Whilst these services are recommended as it is believed they will be of benefit; you are under no obligation to use any of these services and you should always consider your options before services are accepted. Where services are accepted the Auctioneer or Partner Agent may receive payment for the recommendation and you will be informed of any referral arrangement and payment prior to any services being taken by you.