Flat for sale in Arnhem Road, Chelmsford CM1

Being Sold via Secure Sale . Terms & Conditions apply. Starting offers £410,000. This property will be legally prepared enabling any interested buyer to secure the property immediately once their bid/offer has been accepted. Ultimately a transparent process which provides speed, security and certainty for all parties.

Location

The properties are within easy reach of local shops, schools and parks and just over a mile to Chelmsford's vibrant city centre and mainline rail station which services London Stratford and London Liverpool Street.

The investment

Our client is selling a fantastic opportunity to acquire one Freehold title on which currently sits two maisonettes (ground and first floor), both with rear gardens and parking. Both maisonettes would rent out incredibly easily at around £1250 pcm, providing a gross annual income of £30,000 per year, or there is the opportunity to put the properties on separate titles and sell one or both of them.

12A (first floor) accommodation

Lounge 14'1 x 10'1

Kitchen 10' x 6'5

Bedroom 1 16'11 x 13'1

Bedroom 2 13'4 x 8'7

Bathroom

Rear Garden

12B (ground floor) accommodation

Open Plan Lounge/Kitchen 24'6 x 10'1

Bedroom 1 13' x 10'5 (max measurements)

Bedroom 2 13'1 x 8'5

Bathroom

Direct access Rear Garden

There is also driveway parking for 2 vehicles so one per property would be sensible.

Auctioneers Additional Comments

Pattinson Auction are working in Partnership with the marketing agent on this online auction sale and are referred to below as 'The Auctioneer'.

This auction lot is being sold either under conditional (Modern) or unconditional (Traditional) auction terms and overseen by the auctioneer in partnership with the marketing agent.

The property is available to be viewed strictly by appointment only via the Marketing Agent or The Auctioneer. Bids can be made via the Marketing Agents or via The Auctioneers website.

Please be aware that any enquiry, bid or viewing of the subject property will require your details being shared between both any marketing agent and The Auctioneer in order that all matters can be dealt with effectively.

The property is being sold via a transparent online auction.

In order to submit a bid upon any property being marketed by The Auctioneer, all bidders/buyers will be required to adhere to a verification of identity process in accordance with Anti Money Laundering procedures. Bids can be submitted at any time and from anywhere.

Our verification process is in place to ensure that aml procedure are carried out in accordance with the law.

A Legal Pack associated with this particular property is available to view upon request and contains details relevant to the legal documentation enabling all interested parties to make an informed decision prior to bidding. The Legal Pack will also outline the buyers’ obligations and sellers’ commitments. It is strongly advised that you seek the counsel of a solicitor prior to proceeding with any property and/or Land Title purchase.

Auctioneers Additional Comments

In order to secure the property and ensure commitment from the seller, upon exchange of contracts the successful bidder will be expected to pay a non-refundable deposit equivalent to 5% of the purchase price of the property. The deposit will be a contribution to the purchase price. A non-refundable reservation fee of up to 6% inc VAT (subject to a minimum of 6,000 inc VAT) is also required to be paid upon agreement of sale. The Reservation Fee is in addition to the agreed purchase price and consideration should be made by the purchaser in relation to any Stamp Duty Land Tax liability associated with overall purchase costs.

Both the Marketing Agent and The Auctioneer may believe necessary or beneficial to the customer to pass their details to third party service suppliers, from which a referral fee may be obtained. There is no requirement or indeed obligation to use these recommended suppliers or services.

DISCLAIMERWith approximate measurements these particulars have been prepared in good faith by the selling agent in conjunction with the vendor(s) with the intention of providing a fair and accurate guide to the property. However, they do not constitute or form part of an offer or contract nor may they be regarded as representations, all interested parties must themselves verify their accuracy. No tests or checks have been carried out in respect of heating, plumbing, electric installations or any type of appliances which may be included.