Property photos
Auction
Leasehold
Guide price
£65,000
1 bed flat for sale
The Crescent, 47 Sea Front, Hayling Island, Hampshire PO111 bed
1 bath
1 reception
EPC rating: D
Key Information
Tenure:
Leasehold (107 years)
Service charge:
£1,600 per year
Council tax band:
A
Ground rent:
£200
Ground rent date of next review:
Local area information
Property location
Nearby amenities
- Mengham Infant School 0.7 miles
- Mengham Junior School 0.8 miles
- Hayling Island Ferry Landing 1.6 miles
- Eastney Ferry Landing 1.8 miles
These distances are calculated in a straight line. The actual route and distance may vary.
Features and description
- Leasehold
- Studio apartment
- Sea front loaction
- Great investment opportunity
- Modern method of sale
- Reserve fees applicable
- Good condition
A perfect investment opportunity offering an approximate yield of 10% and situated on The Sea Front. This studio apartment offers a fantastic opportunity for anyone looking for a rental investment which also has the potential to add value. Although in good condition overall, there is some scope to make improvements and the internal accommodation comprises an open plan studio with kitchenette area suitable for living, sleeping, cooking and dining and there is a bathroom. There is no onward chain and this property would be perfect as a holiday let or weekend retreat.
This property is offered through Modern Method of Auction. Should you view, offer or bid your data will be shared with the Auctioneer, iamsold Limited. This method requires both parties to complete the transaction within 56 days, allowing 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 of 4.2% of the purchase price including VAT, subject to a minimum of £6,000.00 including VAT. This 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 complete an identification process with iamsold and provide proof of how the purchase would be funded.
The property has a Buyer Information Pack containing documents about the property. The documents may not tell you everything you need to know, so you must complete your own due diligence before bidding. A sample of the Reservation Agreement and terms and conditions are contained within this pack.
The buyer will also make payment of £300 inc. VAT towards the preparation cost of the pack. The estate agent and auctioneer may recommend the services of other providers to you, in which they will be paid for the referral. These services are optional, and you will be advised of any payment, in writing before any services are accepted. Listing is subject to a start price and undisclosed reserve price that can change.
This property is offered through Modern Method of Auction. Should you view, offer or bid your data will be shared with the Auctioneer, iamsold Limited. This method requires both parties to complete the transaction within 56 days, allowing 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 of 4.2% of the purchase price including VAT, subject to a minimum of £6,000.00 including VAT. This 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 complete an identification process with iamsold and provide proof of how the purchase would be funded.
The property has a Buyer Information Pack containing documents about the property. The documents may not tell you everything you need to know, so you must complete your own due diligence before bidding. A sample of the Reservation Agreement and terms and conditions are contained within this pack.
The buyer will also make payment of £300 inc. VAT towards the preparation cost of the pack. The estate agent and auctioneer may recommend the services of other providers to you, in which they will be paid for the referral. These services are optional, and you will be advised of any payment, in writing before any services are accepted. Listing is subject to a start price and undisclosed reserve price that can change.
There are some planning applications within 0.5 miles of this home
Assess how they might enhance or detract from this home’s value.
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Listed by
Morris Dibben - Hayling Island
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