Maxwell Road, Romford, Essex

£260,000 Guide Price

2 bedroom flat for sale

Maxwell Road, Romford, Essex
2 Bed2 Bedrooms
2 Bath2 Bathrooms
1 Reception
Tenure: Leasehold
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Key Features

  • Third Floor Flat
  • No Onward Chain
  • Allocated Parking Space
  • En-Suite
  • For Sale by Modern Auction - T&Cs apply
  • Subject to an undisclosed reserve price
  • Buyer's fees apply
  • Above-average EPC energy efficiency rating C (78/78)

Description

This third floor flat is offered with no onward chain, has an en-suite and a contemporary family bathroom. The layout is both practical and inviting, with neutral décor throughout. There is a play area for the exclusive use of the residence and a secure sheltered parking space. Located just moments from Queen's Hospital and Romford Station, this well-presented flat offers a fantastic opportunity for first-time buyers, downsizer, or investors alike. Viewing advised. This property is for sale by the Modern Method of Auction. Should you view, offer or bid on the property, your information will be shared with the Auctioneer, iamsold.

AUCTIONEER'S COMMENTS

This property is for sale by the Modern Method of Auction - powered by iamsold Ltd. Should you view, offer or bid on the property, your information will be shared with the Auctioneer, iamsold.

This method of auction requires both parties to complete the transaction within 56 days of the draft contract for sale being received by the buyers solicitor. This additional time allows 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, this being 4.5% of the purchase price including VAT, subject to a minimum of £6,000.00 including VAT. The Reservation 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 go through an identification verification process with iamsold and provide proof of how the purchase would be funded.

This property has a Buyer Information Pack which is a collection of documents in relation to the property. The documents may not tell you everything you need to know about the property, so you are required to complete your own due diligence before bidding. A sample copy of the Reservation Agreement and terms and conditions are also contained within this pack.

The buyer will also make payment of £349.00 including VAT towards the preparation cost of the pack, where it has been provided by iamsold.

The property is subject to an undisclosed Reserve Price with both the Reserve Price and Starting Bid being subject to change.

REFERRAL ARRANGEMENTS

Douglas Allen and Auctioneer may recommend the services of third parties to you. Whilst these services are recommended as it is believed they will be of benefit; you are under no obligation to use any of these services and you should always consider your options before services are accepted.

Where services are accepted the Auctioneer or Douglas Allen may receive payment for the recommendation and you will be informed of any referral arrangement and payment prior to any services being taken by you.

TO VIEW OR MAKE A BID - Contact Douglas Allen

 

Important information about this property

  • Shared Ownership: no
  • Annual ground rent: £250
  • Annual Service Charge: £2508
  • Council Tax exempt: no
  • Council Tax band: C
  • Tenure: Leasehold, 114 years remaining on lease
  • If buying to rent, please check if Local Authority licensing schemes apply before proceeding
  • Legal advice should be taken to verify fixtures/fittings, planning, alterations and/or lease details
  • Appliances & services are untested, dimensions are approximate and floor plans are not to scale
  • Through a Homewise Home For Life Plan people aged 60+ can secure this property for up to 59% less, by purchasing a Lifetime Lease
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Room Dimensions

Entrance Hall
Lounge/Kitchen/Dining Room21'8 × 11'10 (6.61m × 3.61m)
Balcony
Bedroom 111'6 × 9'10 (3.51m × 3m)
En-Suite9'10 × 4'5 (3m × 1.35m)
Bedroom 211'6 × 8'10 (3.51m × 2.69m)
Bathroom8'10 × 6'2 (2.69m × 1.88m)
Underground Allocated Parking

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Maxwell Road, Romford, Essex

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Investment opportunity

Estimated yield: 7.96% yield

Estimated rental income: £1,725 pcm

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David Tomlins

David Tomlins

Senior Branch Partner
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What could my mortgage repayments be on this home?

Monthly Repayments:

£ 1,041

Aged 60 or over?


You could secure this property for thousands less with a Home for Life Plan.

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Good to know

David Tomlins

David Tomlins

Senior Branch Partner
Thinking of moving home?Use our instant valuation tool and see what your home is worth in secondsEnquire or Book a ViewingCall 01708 437777

Investment opportunity

Estimated yield: 7.96% yield

Estimated rental income: £1,725 pcm

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