3 Bedroom, Mid-Terraced House, 17 Callaghan Cottages, Lindley Street, London, E1 3AZ

Overview

Hammer Price Homes are pleased to present for sale by online auction this 3 bedroom mid terraced house in London. The sale is open for cash buyers only.

The property briefly comprises: To the ground floor, an entrance hallway leading to a lounge, dining room and kitchen. To the first floor there is a landing leading to 3 bedrooms and a shower room.

Outside there is a paved front garden, and to the rear, the property benefits from a good-sized garden with a coal shed. The winning bidder will be responsible for clearing the rear garden, coal shed and its contents. Parking is on street for residential and visitors permit holders only.

A gated access runs down the side of the property from the front to the rear garden and is partly owned by the property. Please see the extent of the properties boundary which is included in the sale outlined in red on the Official Copy (Title Plan) – EGL351833 uploaded to Hammer Price Homes website. A right of way is granted over the whole of the passageway for both number 17 and 19 Callaghan Cottages. Please see the Official Copy (Transfer) 23.09.1996 – EGL351833 uploaded to Hammer Price Homes website for further details.

Whilst the property has been mostly cleared, there is a washing machine in the kitchen. All items that can be seen on the photography and at open days will be left in the property and will be part of the sale. The buyer will be responsible to dispose of any items post completion, if they do not wish to keep them.

The property requires full renovation throughout, and this sale is open for cash buyers only due to the general condition and completion timescales, we feel it may be difficult to obtain lending via a traditional mortgage on the property. There will be no grounds for the buyer to withdraw from the sale with a return of the reservation fee citing issues around the condition of the property, for any issues in financing the purchase, the flying freehold or for any information within the searches. The property is sold as seen.

To view the property please visit the Hammer Price Homes website, register as a buyer and book in for a viewing.

Location

The property is perfectly positioned for the amenities of Whitechapel Road, while also benefiting from easy access to the popular shops, bars, and restaurants of Whitechapel. Whitechapel Underground Station offers excellent links into and out of the City.

The Queen Mary Bart’s Life Science medical research campus, Royal London Hospital, a Crossrail station, retail and open space are all within a three-minute walk.

Situated between the capital’s two largest financial districts, the City and Canary Wharf, Whitechapel is increasingly attracting finance professionals – as well as the workers of East London’s thriving tech and start-up scene.

Special Conditions

This sale is open for cash buyers only due to the general condition and completion timescales; we feel it may be difficult to obtain lending via a traditional mortgage on the property. There will be no grounds for the buyer to withdraw from the sale with a return of the reservation fee citing issues around the condition of the property, for any issues in financing the purchase, the flying freehold, or for any information within the searches. The property is sold as seen.

60 days to complete.

Tenure

Tenure – Freehold – Land Registry documents, including Official Copy (Transfer) 23.09.1996 – EGL351833 are available for download from the Hammer Price Homes website.

Please be advised that we believe that a section of the first-floor bedroom of the neighbouring property (number 19) is a Flying Freehold above the shared accessway down the side of the property.

Prospective buyers are to obtain their own independent legal advice in relation to the Property, the Land Registry information and the Flying Freehold prior to taking part in the auction.

Other information

The Administrator / Solicitor dealing with the estate has never lived at the property and therefore has limited knowledge. The below information has been provided to the best of our knowledge and should not be relied on in full. Please note due to the nature of the property some of the services may be isolated.

Council Tax Band – D

EPC Rating – D

Utilities:

Primary source of Water Supply: Assumed Mains

Primary source of Electricity Supply: Assumed Mains

Primary source of Gas Supply: Mains Gas

Source/s of heating: Boiler and Radiators (Information taken from EPC)

Primary arrangement for Sewerage/Drainage: Foul and Surface water from the property drains into a public sewer (information taken from the Regulated Drainage & Water Search).

Searches

Searches have been added and are available for download from the Hammer Price Homes. The winning bidder will be required to pay for the search pack which is £300 (Inc. VAT), this is payable at the same time as the reservation fee. Prospective buyers are to review all searches available prior to bidding.

Auction Details

** Open for cash buyers only. 60 days to complete**

Auction ends – Wednesday 30^th April 2025 at 1:00pm (Subject to anti-sniping).

Bidding Window Opens – Monday 28^th April 2025 at 12:00pm (Bidding will not be possible until this time).

Starting price – £416,000 (Reserve price is higher & unpublished, typically the starting price will be 15 – 20% below the Reserve figure as per our Buyer Terms)

Fees

All fees are payable by bank transfer only (we do not take card payments).

Reservation Fee – Please note that there is a Reservation Fee (3.6% of the eventual sale price, Including VAT) payable by the buyer within 2 hours of winning the auction. The reservation fee does not constitute part of the sale price, this is the auctioneer’s fee and is to be paid over & above the sale price paid to the Vendor.

Searches –The buyer is required to pay £300 (Inc. VAT) for the search pack. This is payable at the same time as the reservation fee.

Viewings

To view the property please visit the Hammer Price Homes website, register as a buyer and book in for a viewing. Bidding is only permitted for those who have viewed. Viewers must stick to their time precisely.

Proof & Source of funds

In order to satisfy our Anti-Money Laundering obligations, winning bidders are required to complete their source of funds questionnaire within 24 hours of the close of the auction. This will detail how they will finance the purchase and provide supporting evidence as to the source of the funds (such as bank statements).  It is advised that anybody bidding on a property prepares this information prior to taking part in an auction so that it is readily available. See our buyers FAQ’s for further information.

Current proof of funds may also be requested from registered buyers, prior to enabling their account for bidding, as part of our affordability checks.

How to make an offer

Offers can only be made via the online auction in the form of a bid once the bidding window has opened. No offers will be accepted outside of the auction process.

Once a sale has been agreed (STC) and a price agreed then no further price negotiation will take place. This sale price is fixed at the winning auction price and the buyer honoured to pay it. Any subsequent attempt by the buyer to contact the vendor direct to renegotiate on price would hold the buyer in breach of our terms. Should the buyer withdraw then they may have to forfeit the reservation fee. Please read the buyer terms and FAQ’s on the site for more details.

This is a probate property and is sold as seen. The Administrator / Solicitor dealing with the estate has never lived at the property so may not be able to answer the usual pre-contract questions or provide a property information form.