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Property Listing Details

Studio for sale

Marina, St Leonards On Sea TN38

  • Sold subject to contract
  • Investment

£39,000

Property details

  • 1 bathroom
  • 1 reception room

Features

  • Leasehold
  • Studio apartment
  • Second floor
  • Sought after seafront location
  • Recently refurbished
  • Modern kitchen and bathroom
  • Great investment

Listing view statistics

Last 30 days: 4 page views

Since listed: 13 page views

Description

For sale via modern auction - Situated on the second floor of a Victorian conversion, this studio apartment offers modern contempory living right on St Leonards seafront. The accommodation comprises of an open plan kitchen / living area, equipped with a pull down wall bed and appliances, and a modern bathroom with walk in shower.

This property is the perfect bolthole for anyone looking to be right next to the sea, with the promenade, beach and all local amenities right on your doorstep. Additionally, St Leonards mainline train station is just a few minutes walk, ideal for commuters.
Additional information
The current vendor advises that a new 999 year lease was granted on the property in 2006. The service charge and ground rent totals £570.40 per annum. The agent has not had sight of confirmation documents and therefore the buyer is advised to obtain these from their surveyor or solicitor.
Auction Notes
Starting Bid and Reserve Price
*Please note this property is subject to an undisclosed reserve price which is generally no more than 10% in excess of the starting bid, both the starting bid and reserve price can be subject to change. Terms and conditions apply to the Modern Method of Auction, which is powered by iam Sold.
Auctioneer's Comments
This property is for sale by the Modern Method of Auction which is not to be confused with traditional auction. The Modern Method of Auction is a flexible buyer friendly method of purchase. We do not require the buyer to exchange contracts immediately; however, from the date the draft contract for sale is received by the Buyer's solicitor, the buyer has 56 days in which to complete the transaction; whilst using every endeavour to exchange contracts within the first 28 days. Allowing the additional time to exchange contracts means interested parties can proceed with traditional residential finance. Upon close of a successful auction, or if the vendor accepts an offer during the auction, the buyer will be required to make payment of:
• A non-refundable Reservation Fee of 4.2% of the final agreed sale price including VAT - this is subject to a minimum of £6,000.00 including VAT - which reserves the property from sale by securing the transaction and takes the property off the market. The Reservation Fee is paid in addition to the final negotiated selling price.
• A non-refundable Buyer Information Pack fee of £200.00 including VAT towards the preparation cost of the pack, if the Buyer Information Pack has been produced and provided by iam Sold. The Documents in the pack can then be used by your solicitor during the conveyancing stage of the purchase. It is recommended that you view the Buyer Information Pack before agreeing to your purchase.


Fees paid to the Auctioneer may be considered as part of the chargeable consideration for the property and be included in the calculation for stamp duty liability. Further clarification for this must be sought from your legal representative.The buyer will be required to sign a Reservation Agreement to confirm acceptance of the terms prior to solicitors being instructed. A sample copy of the Reservation Agreement and all terms and conditions can be found in the Buyer Information Pack, which can be downloaded from the auction section of our website, or requested from our Auction Department. Please note this property is subject to an undisclosed reserve price which is generally no more than 10% in excess of the starting bid, both the starting bid and reserve price can be subject to change. Terms and conditions apply to the Modern Method of Auction, which is operated by the West Midlands Property Auction powered by iam Sold.
Living/ Kitchen Area 3.33m (10'11) x 4.17m (13'8)

Shower Room 79m (2'7) x 2.31m (7'7)

You could get

Superfast broadband Superfast broadband

Up to 40 Mbps (Source: Ofcom)

Floorplan

1 Floorplan link

Map & Nearby

Local Amenities

  • West St Leonards 0.5 miles
  • St Leonards Warrior Square 0.6 miles
  • St Leonard's Church of England Primary Academy 0.4 miles
  • Christ Church CofE Primary and Nursery Academy 0.7 miles

Local map of the area

Map and Street View Map showing location of property

Local Amenities

  • West St Leonards 0.5 miles
  • St Leonards Warrior Square 0.6 miles
  • St Leonard's Church of England Primary Academy 0.4 miles
  • Christ Church CofE Primary and Nursery Academy 0.7 miles

Market stats

Sale activity

Average estimated value for a flat in TN38:

  • £150,399
  • Price decrease

  • -£15,837
  • (-9.527%)
  • Over the last 12 months

In the last 12 months

  • Average sale price

    £167,534
  • Properties sold

    110

Rental opportunities

£524 pcm

Recent sales nearby

See all recent sales in TN38
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Estimated running costs

Based on available 3rd party data

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The Agent

Price history

Sold prices provided by Land Registry
22nd Jul 2019 £39,000 First listed
6th Aug 2013 £125,000 Last sold

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Property descriptions and related information displayed on this page are marketing materials provided by Oakfield. Zoopla does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions or related information provided here and they do not constitute property particulars. Please contact Oakfield for full details and further information.