>
Studio flat for sale
167 Frobisher Road, Erith DA8 2PU
£95,000
167 Frobisher Road, Erith DA8 2PU
£95,000
Our Summary
- For sale on 25 July 2024 The National Property Auction will be broadcast live on our website and open to remote bidding online, on the phone and by proxy
- Registration for bidding will close at 5pm the day before the auction
- The auction will commence at 09:00
- A Studio Flat offering an excellent investment opportunity with the potential for a yearly rental revenue of £12k, a superb yield of 12
- Terms: Auction Details: The sale of this property will take place on the stated date by way of Auction Event and is being sold as Unconditional with Variable Fee (England and Wales)
- Auction Deposit and Fees: The following deposits and non- refundable auctioneers fees apply: • 5% deposit (subject to a minimum of £5,000) • Buyers Fee of 4
- For worked examples please refer to the Auction Conduct Guide
- Additional Information: For full details about all auction methods and sale types please refer to the Auction Conduct Guide which can be viewed on the SDL Property Auctions home page
- This guide includes details on the auction registration process, your payment obligations and how to view the Legal Pack (and any applicable Home Report for residential Scottish properties)
Description
A studio flat is being sold at auction on July 25, 2024, with a guide price and a potential yearly rental revenue of £12,000, yielding 12.6%. The property is located in a popular residential area with local amenities and transport links, making it a favorable buy-to-let investment. The flat comprises an entrance hall, living room, sleeping area, kitchen, and bathroom, with communal gardens and parking. The property is being sold as a leasehold with an EPC rating of C. The sale will take place by way of auction event, with a 5% deposit and non-refundable auctioneer's fees of 4.8% of the purchase price. The buyer's fee does not contribute to the purchase price but will be taken into account when calculating Stamp Duty Land Tax. The property is being sold with a reserve price within 10% of the guide price, and prospective buyers are advised to make independent enquiries prior to placing their bid.