Description

We are delighted to offer for sale this spacious 4 bedroom 2 bathroom flat currently let out on an HMO license above commercial premises in the heart of Walthamstow.Upon entering on the ground floor, the flat comprises of a good sized entrance hallway with internal stairs leading up to the 1st floor where there is a large front living room currently used as a bedroom, a further double bedroom, a large separate fully fitted kitchen and a separate bathroom with bath, WC and hand basin. Up to the 2nd floor where there are 2 further double bedrooms and up again to the 3rd floor loft area where there is another double bedroom with en suite shower room. The flat is in good condition throughout and with the added benefit of being offered with the option of the freehold makes it a great purchase for anyone familiar with the area.The flat is located on Forest Road, a popular and highly sought after location in the heart of Walthamstow close to all the local shops, restaurants, cafes and bars of the area as well as being close to Blackhorse Road Underground Station for easy access into the City. Leasehold Information: 99 years from 29 September 1975 which may affect the ability to purchase the property with a mortgage or lending. <div style="direction:ltr;font-size:12px"><p style="vertical-align:baseline;background-color:transparent;text-align:left"><span style="font-size:12pt">Material information: </span><span style="font-size:12pt"> </span><div style="direction:ltr;font-size:12px"><p style="vertical-align:baseline;background-color:transparent;text-align:left"><span style="font-size:12pt">The information above has been provided by the vendor, agent and GOTO Group and may not be accurate. Please refer to the property’s Legal Pack. (You can download this once you have registered your interest against the property). This pack provides material information which will help you make an informed decision before proceeding. It may not yet include everything you need to know so please make sure you do your own due diligence as well. </span><span style="font-size:12pt"> </span><div style="direction:ltr;font-size:12px"><p style="vertical-align:baseline;background-color:transparent;text-align:left"><span style="font-size:12pt"></span><span style="font-size:12pt"> </span><div style="direction:ltr;font-size:12px"><p style="vertical-align:baseline;background-color:transparent;text-align:left"><span style="font-size:12pt">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 on 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 called a Buyer’s Premium. 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. </span><span style="font-size:12pt"> </span><div style="direction:ltr;font-size:12px"><p style="vertical-align:baseline;background-color:transparent;text-align:left"><span style="font-size:12pt"> </span><span style="font-size:12pt"> </span><div style="direction:ltr;font-size:12px"><p style="vertical-align:baseline;background-color:transparent;text-align:left"><span style="font-size:12pt">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. </span><span style="font-size:12pt"> </span><div style="direction:ltr;font-size:12px"><p style="vertical-align:baseline;background-color:transparent;text-align:left"><span style="font-size:12pt">  </span><span style="font-size:12pt"> </span><div style="direction:ltr;font-size:12px"><p style="vertical-align:baseline;background-color:transparent;text-align:left"><span style="font-size:12pt">To book a viewing visit Yopa. </span><span style="font-size:12pt"> </span><div style="direction:ltr;font-size:12px"><p style="vertical-align:baseline;background-color:transparent;text-align:left"><span style="font-size:12pt"> </span><span style="font-size:12pt"> </span><div style="direction:ltr;font-size:12px"><p style="vertical-align:baseline;background-color:transparent;text-align:left"><span style="font-size:12pt"></span><span style="font-size:12pt"> </span><div style="direction:ltr;font-size:12px"><p style="vertical-align:baseline;background-color:transparent;text-align:left"><span style="font-size:12pt"></span><span style="font-size:12pt"> </span><div style="direction:ltr;font-size:12px"><p style="vertical-align:baseline;background-color:transparent;text-align:left"><span style="font-size:12pt">Auctioneer's Comments: </span><span style="font-size:12pt"> </span><div style="direction:ltr;font-size:12px"><p style="vertical-align:baseline;background-color:transparent;text-align:left"><span style="font-size:12pt">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 is issued by the seller’s solicitor. By giving a buyer time to exchange contracts on the property, means normal residential finance can be arranged. </span><span style="font-size:12pt"> </span><div style="direction:ltr;font-size:12px"><p style="vertical-align:baseline;background-color:transparent;text-align:left"><span style="font-size:12pt"> </span><span style="font-size:12pt"> </span><div style="direction:ltr;font-size:12px"><p style="vertical-align:baseline;background-color:transparent;text-align:left"><span style="font-size:12pt">The Buyer’s Premium secures the transaction and takes the property off the market. Fees paid to the Auctioneer reserve the property to the buyer during the Reservation Period and are paid in addition to the purchase price and are considered within calculations for Stamp Duty Land Tax. 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 Legal Pack which can be downloaded for free from our website or requested from our Auction Department. </span><span style="font-size:12pt"> </span><div style="direction:ltr;font-size:12px"><p style="vertical-align:baseline;background-color:transparent;text-align:left"><span style="font-size:12pt"> </span><span style="font-size:12pt"> </span><div style="direction:ltr;font-size:12px"><p style="vertical-align:baseline;background-color:transparent;text-align:left"><span style="font-size:12pt">Buyer Fees </span><span style="font-size:12pt"> </span><div style="direction:ltr;font-size:12px"><p style="vertical-align:baseline;background-color:transparent;text-align:left"><span style="font-size:12pt">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 £9,000 including VAT a Legal Pack fee of £396 including VAT. This secures the transaction and takes the property off the market. </span><span style="font-size:12pt"> </span><div style="direction:ltr;font-size:12px"><p style="vertical-align:baseline;background-color:transparent;text-align:left"><span style="font-size:12pt">Stamp Duty Land Tax (SDLT) is applicable if you buy a property or land over a certain price in England, Wales or Northern Ireland. </span><span style="font-size:12pt"> </span>DisclaimerWhilst we make enquiries with the Seller to ensure the information provided is accurate, Yopa makes no representations or warranties of any kind with respect to the statements contained in the particulars which should not be relied upon as representations of fact. All representations contained in the particulars are based on details supplied by the Seller. Your Conveyancer is legally responsible for ensuring any purchase agreement fully protects your position. Please inform us if you become aware of any information being inaccurate.Money Laundering RegulationsShould a purchaser(s) have an offer accepted on a property marketed by Yopa, they will need to undertake an identification check and asked to provide information on the source and proof of funds. This is done to meet our obligation under Anti Money Laundering Regulations (AML) and is a legal requirement. We use a specialist third party service together with an in-house compliance team to verify your information. The cost of these checks is £70 +VAT per purchase, which is paid in advance, when an offer is agreed and prior to a sales memorandum being issued. This charge is non-refundable under any circumstances.