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This well-presented, self-contained ground floor studio apartment in Cecil Pacey Court offers an excellent opportunity for both first-time buyers and investors, currently let on a rolling tenancy at £625 pcm yet available with vacant possession if required. On entering the property, you are welcomed into a practical entrance hallway that provides access to all accommodation and includes useful space for coats and shoes. To the left, the bathroom features a modern layout with a bathtub and overhead shower, WC, and wash basin, while opposite sits a neatly arranged kitchen with worktop space, fitted units, and room for appliances, enjoying natural light from its window. The hallway then opens into the generous open-plan living room/bedroom, a bright and versatile space that comfortably accommodates both lounging and sleeping areas, with dual-aspect windows enhancing the natural light throughout the day. The apartment benefits from an external communal car park and is ideally positioned within walking distance of local shops, services, and transport links, making daily living both convenient and practical. With its strong rental history and appealing location, this property represents a superb option for those seeking an accessible first home or a reliable buy-to-let investment.
AUCTIONEER COMMENTS:
This property is for sale by Modern Method of Auction allowing the buyer and seller to complete within a 56 Day Reservation Period. Interested parties’ personal data will be shared with the Auctioneer (iamsold Ltd). If considering a mortgage, inspect and consider the property carefully with your lender before bidding. A Buyer Information Pack is provided, which you must view before bidding. The buyer will pay £349 inc VAT for this pack. The buyer signs a Reservation Agreement and makes payment of a Non-Refundable Reservation Fee of 4.8% of the purchase price inc VAT, subject to a minimum of £6,600 inc VAT. This Fee is paid to reserve the property to the buyer during the Reservation Period and is paid in addition to the purchase price. The Fee is considered within calculations for stamp duty. Services may be recommended by the Agent/Auctioneer in which they will receive payment from the service provider if the service is taken. Payment varies but will be no more than £450. These services are optional.
Entrance Hall 0.86 x 1.95 (2'9" x 6'4")
Living Room/Bedroom 4.56 x 4.40 (14'11" x 14'5")
Kitchen 3.22 x 2.28 (10'6" x 7'5")
Bathroom 2.22 x 1.94 (7'3" x 6'4")
EPC - C
70/78
Tenure - Leasehold
At the time of marketing the vendor has informed us of the current lease terms. Exact figures will be confirmed by your solicitor upon receipt of the management pack, when a sale has been agreed.
Years Remaining on the lease - 92 years
Ground rent £50 per annum
Service charge £984 per annum
IMPORTANT LEGAL INFORMATION
Construction: Standard
Accessibility / Adaptations: None
Building safety: No
Known planning considerations: None
Flooded in the last 5 years: No
Sources of flooding: n/a
Flood defences: No
Coastal erosion: No
On a coalfield: No
Impacted by the effect of other mining activity: No
Conservation area: No
Lease restrictions: No
Listed building: No
Permitted development: No
Holiday home rental: No
Restrictive covenant: No
Business from property NOT allowed: No
Property subletting: No
Tree preservation order: No
Other: No
Right of way public: No
Right of way private: No
Registered easements: No
Shared driveway: No
Third party loft access: No
Third party drain access: No
Other: No
Parking: Communal Car Park No Allocated Space
Solar Panels: No
Water: Mains
Electricity: Mains Supply
Sewerage: Mains
Heating: Electric Mains
Internet connection: Fttp
Internet Speed: TBC
Mobile Coverage: TBC
Disclaimer: If you are considering purchasing this property as a Buy-to-Let investment, please be advised that certain areas may be subject to Selective Licensing schemes. Prospective purchasers are strongly advised to carry out their own due diligence to ensure compliance with any applicable licensing requirements, including any associated fees or obligations.
All information is provided without warranty.
The information contained is intended to help you decide whether the property is suitable for you. You should verify any answers which are important to you with your property lawyer or surveyor or ask for quotes from the appropriate trade experts: builder, plumber, electrician, damp, and timber expert.
DRAFT DETAILS AWAITING VENDOR APPROVAL
