Description
Key Features
- FOR SALE BY ONLINE AUCTION
- 6 WEEKS’ COMPLETION
- First floor flat
- Two/ three bedrooms
- Requires refurbishment
- Communal grounds
- Garage
- Our listing https://online.firstforauctions.co.uk/lot/details/174595
- VIEWINGS – by appointment
- Council Tax Band: E
- Tenure: Share of Freehold
Prestigious Setting with Strong Rental Appeal
Description
On behalf of the Attorney's. A vacant first-floor apartment within the prestigious Ottershaw Park Estate. Presenting an excellent opportunity for investors seeking both capital growth and rental income potential. Extending to approximately 898 sq ft, the property offers generous proportions and scope for value enhancement through cosmetic updating.
The accommodation comprises an entrance hall leading to a bright reception room with high ceilings and traditional features, alongside a well-proportioned kitchen fitted with eye and base units. A second reception room, currently arranged as a dining room, provides flexibility to create a third bedroom, enhancing future rental yield. There are two large double bedrooms, including a principal bedroom with en-suite shower room and private balcony overlooking communal grounds, plus a family bathroom.
Further benefits include a secure entry phone system, garage in a nearby block, and ample residents’ parking.
Set within picturesque woodland surroundings yet close to the village pub, shops and restaurants, this is a compelling investment opportunity.
Auction
To be sold by online auction (unconditional) on Thursday 26th March 2026 with a 6 WEEK COMPLETION, bidding will open at 10.00.
Registration
All bidders/potential buyers are required to register ahead of the auction date to be able to bid/buy, please visit our website to setup an online auction account.
Tenure
Share of Freehold (1/25th).
Lease
Term: 999 years from 21 January 2022 - 994 years remaining,
Ground rent and service charge
Annual service charge for 2025/2026 - £3,400, including building insurance.
EPC rating
F
Council tax band
E - Runnymede
Legal pack
For each lot there are Special Conditions of Sale and other documentation provided by the vendor's solicitors. If you wish to receive the Legal Pack, you will be able to register for this via the link on our website. You will receive notification by email once the Legal Pack is received from the solicitor. The documents may not tell you everything you need to know about the property and you are required to complete your own due diligence before bidding.
Additional fees
A buyers charge of £1,650 including VAT is payable on each lot that you buy, in addition to the sale price. Please be aware there may be other additional fees, including disbursements contained in the legal pack payable on completion. Please ensure that you check the legal pack for each lot that you are interested in, prior to bidding.
Deposit
If you are the highest bidder when the auction ends, contracts are exchanged between you and the seller. Both parties are legally bound to complete the transaction as per the special conditions in the legal pack. Your card will be automatically debited for the bidder security amount of £6,000 and we'll require the remaining balance for a 10% non-refundable deposit. We will contact you after the auction has finished to make these arrangements.
Pre-auction offers
These must be made in writing and will only be considered if the Legal Pack has been inspected and proof of funding has been supplied to the auctioneers. Pre-auction offers are only considered on an auction basis in accordance with the “Terms & Conditions - Unconditional Auction".
Mortgage finance
We advise all bidders who require a mortgage to confirm with their Financial Advisor as to whether or not the lot you are interested in would be suitable security to borrow finance against, prior to bidding. If you need to arrange a mortgage it is important that you obtain an offer from your lender before the day of the auction. Most building societies and banks will instruct a surveyor to prepare a valuation report before making a mortgage offer.
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