£200,000
1 bed flat for salePalace Grove, Bromley BR1
1 bed
1 bath
1 reception
EPC Rating: D
- Chain free
- Auction
- Leasehold
Alan De Maid - Bromley
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About this property
This second floor, period conversion is extremely spacious and is being offered on a chain free basis. It is ideal for first time buyers or anyone looking to tap in to the local buy to let market.
This flat is full of character and has significant kerb appeal. The lounge/dining area is spacious with large windows giving it a bright and airy feel. The bedroom is a generous double room and there is also a recently installed wetroom. Overall, the decor is neutral throughout yet still provides you the opportunity to put your own stamp on it and make it your own. You also have the additional benefit of the communal rear garden, a great place to enjoy during the warm summer months.
Situated in the heart of Bromley, Palace Grove offers excellent access to a large variety of shops and restaurants in Bromley town centre and Bromley High Street. The Glades Shopping Centre is also close by as well as Bromley North station, Bromley South station and bus stops.
Local Authority: Bromley
Council Tax band: B
Auctioneer, iamsold Limited
This method of auction requires both parties to complete the transaction within 56 days of the draft contract for sale being received by the buyers solicitor (for standard Grade 1 properties). This additional time allows buyers to proceed with mortgage finance (subject to lending criteria,
affordability and survey).
The buyer is required to sign a reservation agreement and make payment of a non-refundable Reservation Fee. This being 4.5% of the purchase price including VAT, subject to a minimum of £6,600.00 including VAT. The Reservation Fee is paid in addition to purchase price and will be considered as part of the chargeable consideration for the property in the calculation for stamp duty liability. Buyers will be required to go through an identification verification process with iamsold and provide proof of how the purchase would be funded.
This property has a Buyer Information Pack which is a collection of documents in relation to the property. The documents may not tell you everything you need to know about the property, so you are required to complete your own due diligence before bidding. A sample copy of the Reservation Agreement and terms and conditions are also contained within this pack. The buyer will also make payment of £300 including VAT towards the preparation cost of the pack, where it has been provided by iamsold.
The property is subject to an undisclosed Reserve Price with both the Reserve Price and Starting Bid being subject to change.
Referral Arrangements
The Partner Agent and Auctioneer may recommend the services of third parties to you. Whilst these services are recommended as it is believed they will be of benefit; you are under no obligation to use any of these services and you should always consider your options before services are accepted.
Where services are accepted the Auctioneer or Partner Agent may receive payment for the recommendation and you will be informed of any referral arrangement and payment prior to any services being taken by you.
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Tenure
Leasehold (950 years)
Service charge
Council tax band
A band has not yet been confirmed.
Ground rent
Ground rent date of next review