Lot 11 - 295 Eton Road, Ilford, Essex, IG1 2UL
- Unconditional Online Auction Sale
- Guide Price* : £335,000 plus
- 3 Bedroom Mid Terrace House
- Residential Investment
- Rent is £1000 per month with scope to increase*
- Convenient location
ON BEHALF OF COURT APPOINTED RECEIVER: Residential investment - 3 bedroom mid -terrace house let on a statutory periodic monthly at £1000 per month with scope to increase*
Description
The property comprises a 3 bedroom mid-terrace house, which will be sold with a tenant in situ who we understand occupies under the terms of a statutory periodic tenancy following expiry of their AST.
*The current rent is £1000 per month and similar houses which are in good condition are available for over £2,000 per month, but interested parties should rely on their own enquiries to form their own opinion. The house requires some refurbishment, although the Receivers have ranged some re-wiring works and installed a new kitchen during their appointment.
Location
Eton Road is conveniently located with good access to local bus routes and local shops and amenities, with Ilford Lane (A123) less than 0.5mile to the west and Ilford town centre approximately 0.75 mile to the north. The nearest train stations are Ilford and Barking, both within 1 mile and providing access to a number of Mainline, Overround and Underground lines.
Tenure
Freehold.
Accommodation
The property extends to approximately 1.050 sq. ft (97.54 sq.m) and provides the following:
Ground Floor: Front Porch, Entrance Hall, Lounge/Dining Room, Kitchen and Rear Lean Too
First Floor: 3 Bedrooms and Family Bathroom
Outside
Paved front garden (could be used for parking but note no dropped kerb) and rear garden.
Tenancies
We understand the tenant occupies under the terms of a statutory periodic tenancy following expiry of their AST at a current rent is £1,000 per month. The Receivers do not hold a ful copy of the original AST.
EPC
Energy Asset Rating is C.
Council Tax Band
D
Buyers Administration Fee
There will be a Buyer's Administration Fee of £2,700 (inc VAT) payable upon exchange of contracts.Additional Information
1. The property is being sold under Proceeds of Crime legislation. Please see Legal Pack for further details.There are outstanding applications for permission to appeal the Enforcement Receivership Order (ERO) which have been made pursuant to section 64 of the Proceeds of Crime Act 2002. We are not aware that a decision has been made by the Court as to whether leave to appeal has been granted nor do we have an indication of when any decision will be made.
Note, the applications do not act as a stay of the ERO in accordance with rule 42.18 of the Criminal Procedure Rules and the Enforcement Receiver therefore has the power to sell the properties and give good title”.
2. The information contained within the Particulars are given in good faith, but all descriptions, statements, dimensions ( these may have come from a third party source e.g. the seller, valuation reports or historic sales particulars), references to condition and permissions for the use and occupation or other details are made without responsibility and should not be relied upon as representation of fact.
3. If a video walk through, or any other form of virtual tour, is provided whilst every effort is made to accurately give an overview of the property we cannot give any warranty concerning the nature, and condition of the property and the suitability thereof for any and all activities and use. The video, or tour, is provided to assist only and without responsibility and should not be relied upon as representation of fact, or replace all appropriate due diligence a prudent purchaser would make.
* Generally speaking Guide Prices are provided as an indication of each seller's minimum expectation, i.e. 'The Reserve'. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Virtually every 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.
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