Lot 29
    Ground Floor
    5 Stanhope Gardens, Ilford, Essex, IG1 3LQ
    Unsold, the last bid was £231,000. Please refer to Auctioneer for Reserve.
     
    Number 1
    A Parcel of Two Self-Contained Flats (1 x Studio, 1 x One Bedroom). Both Let on ASTs Producing a Combined Income of £19,800 per annum.

    Tenure

    Leasehold. There are approximately 60 years unexpired on the lease

    Location

    The property is situated in the Cranbrook area of Ilford close to local shops and amenities. The open spaces of Valentines Park & Wanstead Park are within easy reach. Transport links are provided by Redbridge underground station (Central Line) & Ilford rail station.

    Exterior

    One flat benefits from the rear garden. The other flat benefits from the front garden

    Description (2nd Column)

    The property comprises a ground floor one bedroom self-contained and a ground floor self-contained studio flat situated within a mid terrace building arranged over ground and first floors.

    Viewing Details

    Tuesday 28th July 10:00-10:30

    Addendum

    The correct address is Ground Floor, 5B Stanhope Gardens. The address on the legal title is incorrect and needs to be amended at HMLR. We understand from Redbridge Council Planning Dept that an Enforcement Notice has been drafted for 5b Stanhope Gardens (for subdivision into 2 self-contained flats) and will be served imminently. Prospective purchasers are advised to make their own enquiries with the Planning Enforcement Officer – tel: 020 8708 2051. Amended Guide Price: £220,000+

    Accommodation & Tenancy Schedule

    Floor Accommodation Tenancy Current
    Annual Rent
    Ground Reception Room, Kitchen, Bedroom, Bathroom with WC & wash basin, Private Rear Garden Let on a 12 month AST at £950 pcm £11,400
    Ground Studio Room with Kitchenette, Shower Room with WC & wash basin, Front Garden Let on a 12 month AST at £700 pcm £8,400
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    Additional Fees and Disclaimer

    Administration charge: £1,500 including VAT unless otherwise stated in the addendum.

    Buyers Premium and Disbursements: Please see the legal pack and the addendum for any disbursements and buyers premium that may be payable by the purchaser on completion.

    Guides are provided as an indication of each seller’s minimum expectation. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Each property will be offered subject to a Reserve ( a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide.

    Particulars including images and video tours on the website and within the catalogue are believed to be correct but their accuracy is not guaranteed. The auctioneers will always endeavour to inform prospective purchasers of variations to the catalogue, when such changes are brought to their attention. The auctioneers nor their clients can be held responsible for any losses, damages, or abortive costs incurred in respect of lots that are withdrawn or sold prior to auction. Viewings are carried out by third party agents and we will endeavour to give appropriate notice should the published viewing time change. Auction House London will not be liable for any costs or losses incurred due to viewing cancellations or no shows. Information relating to Rating matters has been obtained by verbal enquiry only. Prospective purchasers are advised to make their own enquiries of the appropriate authorities. Prospective purchasers are deemed to verify for themselves whether tenanted properties are occupied and rents are being paid. All measurements, areas and distances are approximate only. Potential buyers are advised to check them. No representation or warranty is made in respect to the structure of any properties nor in relation to their state of repair. Prospective buyers should arrange for a survey of the particular lot by a professionally qualified person.

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