3 Bedroom End of Terrace House, 232 Lakedale Road, Plumstead, London, SE18 1PU

Overview

Hammer Price Homes are delighted to present for sale by online auction this vacant & chain free, 3 bedroom end of terrace house overlooking Winn Common. This auction is recommended for cash buyers only.

This period property, which is set out over 3 floors, briefly comprises: To the ground floor (raised) there is an entrance hallway leading to a reception room, bedroom and W.C (please note that the W.C is not set up / connected). To the lower ground floor there is a kitchen, bathroom and second reception room with its own access to the street. On the first floor there is a landing leading to a further 2 bedrooms. The property provides considerable scope for redesign and reconfiguration.

Outside there is a small yard to the front of the property and a well sized garden to the rear which includes a patio area at the lower ground floor level. Due to the overgrowth, it is difficult to see the size of the garden to the rear, please see the land registry title plan attached to the Hammer Price Homes website for more information as to the boundaries.

The property is in need of enhancement throughout and presents an exciting opportunity for those looking for a modernisation project. Due to the condition of the property and the EPC rating, we believe that it may be difficult to obtain a standard mortgage on the property and for that reason recommend this auction for cash buyers only. If you are planning on obtaining a mortgage then it is advisable that you speak with your broker / lender prior to bidding and there will be no grounds to exit the sale with a return of the reservation fee citing issues around securing lending on the property.

To view this property please visit the Hammer Price Homes website, register as a buyer and book your place on an open day.

Location

The property is conveniently located overlooking Winn’ Common and is just a short walk from the range of amenities on offer on Plumstead High Street. Plumstead Train Station is placed just over half a mile away and provides regular services into the heart of the city, including direct services to London Charing Cross, London St Pancras and London Cannon Street stations.

Auction Details

** Recommended for cash buyers. 90 Days to complete and no deposit payable**

Please note that there is a Reservation fee (2.4% Inc. VAT) payable by the buyer on 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.

To view the property you must register and book on one of the open days as detailed on the website. Please note: Entrance will be refused if you are not on the list so please make sure you book your place using the online system. Open days are being operated on a one in one out basis as to adhere to social distancing requirements. Lists close 24 hours before the open day starts so book in plenty of time.

Auction ends – Wednesday 24^th June 2020 at 1pm

Bidding Window Opens – Monday 22nd June 2020 (Bidding will not be possible until this time)

Starting price – £295,000 (Reserve price is higher & unpublished. Typically the Starting price will be 15-20% below the Reserve figure as per our Buyer Terms)

Special Conditions

recommended for cash buyers only. If you are planning on obtaining a mortgage then it is advisable that you speak with your broker / lender prior to bidding as there will be no grounds to exit the sale with a return of the reservation fee citing issues around securing lending on the property

The 90 day completion requirement should still be adhered to however, in the event that delays on either side are caused by genuine reasons surrounding the COVID-19 pandemic, then “reasonable” extensions should be granted. Extensions will be reviewed and agreed on a case by case basis provided that the buyer / seller have been seen to have been engaging with the process and have kept all relevant parties informed of any possible delays throughout the conveyancing process.

Other Information

Tenure – Freehold

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 and the buyer honoured to pay it. 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 with vacant possession and is sold as seen. The administrator and solicitor may not be able to answer the usual pre-contract questions.

Business Continuity & Stakeholder Welfare– RE: Coronavirus (COVID-19)

Dear Members & Business Partners

Given recent developments around Covid-19, we wanted to keep you informed of the steps we are taking to support business continuity and the welfare of our members, partners and employees.

Our business is an online business and we have contingency plans in place whereby all or part of our staff can work from home, in line with Government guidelines, if needed. This will not have any adverse effect on our efficiency and ability to perform our duties. Open days will be tightly controlled and safe, operated on a 1 in, 1 out basis with hand sanitizer available at the door.

It is possible however that due to the number of parties involved that there could be some delays stemming from the effects of the pandemic, i.e. key people having to self-isolate etc. We will be working hard to ensure matters are kept on track and will continue to communicate with all parties involved throughout our marketing period and the 90 days conveyancing process that follows. In some cases delays maybe unavoidable and we would ask for your support. Please do observe the special conditions on the listing regarding potential, Covid-19 related, delays to the 90 day completion timeframe.

We will continue to promptly divulge and act upon advice given by the Government and our regulatory body The Property Ombudsman (TPO).

If you have any queries or concerns with this regard then please call our business support team on 020 3814 1888

Thank you for your continued support during this period.