1 bed flat for sale

Trafalgar Street, Lowestoft NR32

Summary
A brilliant investment opportunity to own a 1-bedroom flat in a Lowestoft-centric location; excellent yield potential.

Description
Situated in an ideal Lowestoft-centric location, within striking distance of Lowestoft Train Station, this 1-bedroom flat is an ideal purchase for any investor looking to achieve a fantastic yield, in an area which is highly successful within the lettings market.

The property offers a well-equipped kitchen with fitted units, an accessible bathroom with a walk-in shower, and a sizeable lounge and bedroom, with a front and rear garden to accompany.

The property requires significant renovation throughout, so cash buyers are preferred.

Auctioneer's Comments
This property is offered through Modern Method of Auction. Should you view, offer or bid your data will be shared with the Auctioneer, iamsold Limited. This method requires both parties to complete the transaction within 56 days, allowing 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 of 4.5% of the purchase price including VAT, subject to a minimum of £6600.00 including VAT. This 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 complete an identification process with iamsold and provide proof of how the purchase would be funded. The property has a Buyer Information Pack containing documents about the property. The documents may not tell you everything you need to know, so you must complete your own due diligence before bidding. A sample of the Reservation Agreement and terms and conditions are contained within this pack. The buyer will also make payment of no more than £349 inc. VAT towards the preparation cost of the pack. Please confirm exact costs with the auctioneer. The estate agent and auctioneer may recommend the services of other providers to you, in which they will be paid for the referral. These services are optional, and you will be advised of any payment, in writing before any services are accepted. Listing is subject to a start price and undisclosed reserve price that can change.

Lounge 14' 7" x 10' 6" ( 4.45m x 3.20m )
Floorboards, electric heater, integrated storage option, access to bedroom, access to kitchen, double glazed window to side aspect.

Bedroom 14' 5" x 10' 10" ( 4.39m x 3.30m )
Floorboards, electric heater, integrated storage options, consumer unit. Double glazed window to front aspect and side aspect.

Kitchen 10' 6" max x 5' 11" ( 3.20m max x 1.80m )
Concrete flooring, fitted units with work surface, sink and drainer unit, water heater, fittings for electric cooker, cooker hood, double glazed window to side aspect, double glazed door leading to rear garden. Access to bathroom.

Bathroom
Concrete flooring, W/C, walk in shower with electric shower unit, wash hand basin, fully tiled walls. Double glazed window to side aspect.

Front Garden
Concrete path leading to front door with soil plot. Brick wall surround.

Rear Garden
Concrete plot with flat roof outbuilding. Partial fenced surround.

Agents Note
Please note that the aml fee covers the cost of carrying out the required identity and anti-money laundering checks. Once these checks have been completed, the fee cannot be refunded, even if the property purchase does not go ahead.

1. Money laundering regulations: Intending purchasers will be asked to produce identification documentation at a later stage and we would ask for your co-operation in order that there will be no delay in agreeing the sale.
2. General: While we endeavour to make our sales particulars fair, accurate and reliable, they are only a general guide to the property and, accordingly, if there is any point which is of particular importance to you, please contact the office and we will be pleased to check the position for you, especially if you are contemplating travelling some distance to view the property.
3. The measurements indicated are supplied for guidance only and as such must be considered incorrect.
4. Services: Please note we have not tested the services or any of the equipment or appliances in this property, accordingly we strongly advise prospective buyers to commission their own survey or service reports before finalising their offer to purchase.
5. These particulars are issued in good faith but do not constitute representations of fact or form part of any offer or contract. The matters referred to in these particulars should be independently verified by prospective buyers or tenants. Neither sequence (UK) limited nor any of its employees or agents has any authority to make or give any representation or warranty whatever in relation to this property.