Guide price
£60,000
(£284/sq. ft)
1 bed flat for saleLondon Road, Strood, Kent ME2
1 bed
1 bath
1 reception
211 sq. ft
EPC Rating: E
- Chain free
- Auction
- Share of Freehold
Robinson Michael & Jackson - Strood
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About this property
Modern Method of Auction
211 Square Feet
Studio Flat
0.45 Miles to Strood Train Station
Walking distance to High Street
Ideal First Time Buy or Buy to Let
Previously Let at £750 per calender month (10% Yield)
Low Maintenance Property
No Chain
Being Sold by goto Online Auction Buyer’s fees apply
Starting Bids from: £60,000
Buy it now option available
Please call or visit goto Online Auctions for more information.
This property is for sale by Online Auction. The Online Modern Method of Auction is a flexible buyer friendly method of purchase. The purchaser will have 56 working days to exchange and complete once the draft contract is received by the buyer’s solicitor (or 10 working days after receipt of the buyer’s premium, whichever is earlier). Allowing the additional time to exchange and complete the property 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 with be required to put down a non-refundable reservation fee. The fee will be a fixed fee including the Vat, this secures the transaction and takes the property off the market. The buyer will be required to agree to our terms and conditions prior to solicitors being instructed. Copies of the Reservation form and all terms and conditions can be found on the online Auction website or requested from our Auction Department.
Please note this property is subject to an undisclosed Reserve Price which is typically no more than 10% in excess of the Starting Bid. Both the Starting Bid and Reserve Price can be subject to change. Our primary duty of care is to the vendor. Terms and conditions apply to the Modern Method of Auction, which is operated by goto Auctions.
To book a viewing visit Robinson and Jackson.
General Information: Auctioneer's Comments
This property is for sale by Online Auction which is a flexible and buyer friendly method of purchase. The purchaser will not be exchanging contracts on the fall of the virtual hammer but will be given 56 working days in which to complete the transaction, from the date the Draft Contract are issued by the seller’s solicitor. By giving a buyer time to exchange contracts on the property, means normal residential finance can be arranged.
The Buyer’s Premium secures the transaction and takes the property off the market. 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 on this must be sought from your legal representative. The buyer will be required to sign a Reservation form to confirm acceptance of terms prior to solicitors being instructed. Copies of the Reservation form and all terms and conditions can be found in the Info Pack which can be downloaded for free from our website or requested from our Auction Department.
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 Buyer’s Premium of minimum £6660 inclusive of VAT a Legal Pack fee of £396 including VAT. This secures the transaction and takes the property off the market. The Buyer’s Premium and administration charge are in addition to the final negotiated selling price.
Buyer Fees
There are no other fees or charges payable to the Auctioneer however, there are other costs to consider such as:
Stamp Duty Land Tax (sdlt) is applicable if you buy a property or land over a certain price in England, Wales or Northern Ireland. Pleaseclick herefor more information.
Discover the charm of this delightful first-floor studio flat on London Road, Strood-a perfect haven for modern living in a vibrant location. Spanning 211 square feet, this cozy studio offers a seamless open-plan layout, blending sleeping, living, and dining spaces with effortless style.
Just 0.45 miles from Strood Train Station, commuting is a breeze, while the High Street is a leisurely walk away, brimming with shops, cafes, and local delights. Ideal for first-time buyers seeking an affordable entry into homeownership or savvy investors eyeing a buy-to-let gem, it previously rented for £750 per calendar month, delivering an impressive 10% yield.
Low-maintenance and chain-free, this property promises hassle-free ownership and quick moves. Embrace urban convenience with a touch of Strood's community spirit-your new chapter awaits!.
Communal Entrance
Door to front. Telephone entry.
Communal Hallway
Stairs to first floor.
Entrance
Door to front.
Open Living/Bedroom (14' 1" x 10' 1" (4.3m x 3.07m))
Double glazed window to side. Storage cupbaord. Loft access. Electric wall mounted heater. Laminate floor.
Kitchen Area (8' 11" x 4' 8" (2.72m x 1.42m))
Double glazed window to rear. Range of wall and base units with worktops over. Integrated oven and hob. Integarted under counter fridge. Laminate floor.
Shower Room (5' 1" x 4' 7" (1.55m x 1.4m))
Low level WC. Pedestal hand wash basin. Shower cubicle. Laminate floor.
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Tenure
Share of freehold
Service charge
£540 per year
Council tax band
A band has not yet been confirmed.
Commonhold details