2 Bedroom 1^st Floor Maisonette, 6 Dinton Road, Colliers Wood, London, SW19 2AP

Overview

Hammer Price Homes are delighted to present for sale by online auction this vacant & chain free 2 bedroom, first floor maisonette in Colliers Wood. This auction is open to cash buyers only.

The accommodation briefly comprises: To the first floor there is a landing leading to a reception room, kitchen, 2 bedrooms, a bathroom and utility area.

Outside there is a steel staircase that leads to a designated enclosed private garden at the rear of the property. The rear garden is split between the two flats, see land registry document for further clarity as to the boundaries.

The property requires enhancement throughout and due to its condition is open to cash buyers only. Please note that a RICS chartered surveyor visited the property to report on its condition and state of repair. Please see the  ‘Surveyor findings’ report that is available for download on the Hammer Price Homes website, this  contains the relevant extracts from the surveyors actual report. You will not be able to withdraw from the sale with a return of the reservation fee citing issues that are noted in the findings report. The price reflects the work that is required. See our special conditions for further information.

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

Location

Dinton Road is conveniently located around half a mile from the centre of Colliers Wood which offer easy access to a host of amenities and is also just a 5 minute walk St George’s Hospital. The property is well placed for commuters, with both Colliers Wood and Tooting Broadway tube stations located close by. Green open spaces, including Wandle Meadow Nature Park are also easily accessible from here.

Auction Details

** Open to cash buyers only. 90 Days to complete and no deposit payable**

Please note that there is a Reservation fee (2.4% Inc. VAT subject to a minimum of £2,400 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. Lists close 24 hours before the open day starts so book in plenty of time.

Auction ends – Wednesday 3^rd June 2020 at 1pm

Bidding Window Opens – Monday 1^st June 2020 (Bidding will not be possible until this time)

Starting price – £225,000 (Reserve price is higher & unpublished)

Special Conditions

This auction is open for cash buyers only as due to the general condition we believe that the property is unmortgageable. There will be no grounds to withdraw from the sale with a return of the reservation fee citing issues around securing lending on the property or for any reasons that are highlighted in the surveyors findings report .

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 – Leasehold (92 years remaining)

Ground Rent – Currently £100 per annum.

See lease document available from the hammer price homes website for more details. ( £50 for first 25 years, £100 for next 25 years after that, £150 for next 25 years after that, £200 for next 25 years after that, and £250 for the remainder of the term.

Maintenance fees – No maintenance fees, property managed privately by the residents of the two flats

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 put contingency plans into immediate effect whereby all of our staff are working from home in line with the recent instruction from the Government. This should not have any adverse effect on our efficiency and ability to perform our duties.

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. For all auctions due to close after 23^rd March 2020 please do observe the special conditions on the listing relating to 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.