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"1 Bedroom, Ground Floor Flat, 7 Highmill, Ware, SG12 0RX

Overview

Hammer Price Homes are pleased to present for sale by online auction this 1 bedroom, ground floor flat in Ware. This auction is open to mortgage buyers with 90 days to complete.

The property briefly comprises To the ground floor, an entrance hallway leading to a lounge dining room, kitchen, 1 bedrooms and a bathroom. External spaces include a balcony and use of the roof terrace for recreational purposes only.

Parking and a storage locker are provided in a basement garage. The position of the parking space and locker are indicated on the plan numbered 3 on the original Lease uploaded to Hammer Price Homes website.

Buyers are to be aware that it is believed the Vinyl floor tiles and associated adhesive covering floor under carpet of internal common parts and damp proof course are likely to contain asbestos. Please see the asbestos report uploaded to the Hammer Price Homes website for further details. There may be further asbestos containing materials around the site and buyers are encouraged to make their own investigations post completion.

The property offers a blank canvas for somebody looking to put their own stamp on a property and presents a good opportunity for both home buyers and investors.

Whilst we welcome mortgage buyers to take part in the auction, if you are looking to finance the property through a traditional mortgage then please ensure that you have a mortgage in principle approved for the amount you are bidding.

To view the property please visit the Hammer Price Homes website, register as a buyer and book in for a viewing.

Location

The property is situated in Highmill, a popular development within walking distance to Ware s town centre. Kingshill shops is also a few minutes walk away and includes a traditional butcher, two general stores, fish and chip shop and coffee shop, as well as a mainline railway station servicing London s Liverpool Street Hertford East.

Tenure Management information

Tenure Leasehold 132 years remaining Land Registry documents, including the original Lease and renewed Lease, are available for download from the Hammer Price Homes website.

The conveyance document dated 9th March 1959 is not available at Land Registry for download. An indemnity policy for any missing conveyance documentation can be sourced during the conveyancing process should the buyer wish.

Service Charge £1650 per annum For period 1ST July 2024 to 30th June 2025 . Service charge accounts for year end 2022, 2023 and 2024 are available for download from the Hammer Price Homes website.

Ground Rent £100 per annum up until 25th June 2031 when this increases. Please see uploaded Lease dated 3rd July 2006 for more information.

Freeholder Information Allan William Dampier

Management pack information LPE1 has been obtained from the management company and contains useful information regarding the management company rules and charges etc. Please note that any arrears relating to the current owner will be settled by the solicitor handling the probate administration on completion. Arrears will not pass to the buyer. The LPE1 and other supporting documents are available for download from the Hammer Price Homes Website

Section 20 notice Please note a Notice of Intention has been sent to leaseholders for flat roof works for block 1 28 please see documents available for download on the Hammer Price Homes Website . The intent is to obtain quotes for these works and there are currently no planned works. Since the notice of intention was sent, the managing agents have confirmed there will be no further contribution required from the Leaseholders for these works and current reserve funds will be used. Please see uploaded LPE1 form for further details.

Fire Compliance Please see Fire Risk Assessment uploaded to Hammer Price Homes website. As mentioned in the LPE1 form also uploaded, there are ongoing safety checks being done to the flat doors at the moment.


Lease Please note, the deceased extended the property lease in 2006 by 100 years. A copy of both the original and the renewed lease and other Land Registry documents are available for download from the Hammer Price Homes website.

Prospective buyers are to obtain their own independent legal advice in relation to the Property, the Tenure and Management information prior to taking part in the auction.

Other information

The Administrator Solicitor dealing with the estate has never lived at the property and therefore has limited knowledge. The below information has been provided to the best of our knowledge and should not be relied on in full. Please note due to the nature of the property some of the services may be isolated.

Council Tax Band B
EPC Rating D

Utilities
Primary source of Water Supply Assumed Mains
Primary source of Electricity Supply Assumed Mains
Primary source of Gas Supply Information Unknown
Source s of heating Warm air, Electricaire
Primary arrangement for Sewerage Drainage Due to the property being on a residential street, it is assumed that it is connected to a public sewer.

Searches

Searches have been ordered and will be made available for download from the Hammer Price Homes website prior to the bidding taking place. The winning bidder will be required to pay for the search pack which is £300 Inc. VAT , this is payable at the same time as the reservation fee. Prospective buyers are to review all searches available prior to bidding.

Auction Details

** Open for mortgage buyers. 90 days to complete**

Auction ends Thursday 22nd May 2025 at 2 30pm Subject to anti sniping .
Bidding Window Opens Tuesday 20th May 2025 at 12 00pm Bidding will not be possible until this time .
Starting price £140,000 Reserve price is higher & unpublished, typically the starting price will be 15 20% below the Reserve figure as per our Buyer Terms

Fees

All fees are payable by bank transfer only we do not take card payments .

Reservation Fee Please note that there is a Reservation Fee 3.6% of the eventual sale price, including VAT, subject to a minimum fee of £3,600 Including VAT payable by the buyer within 2 hours of winning the auction. The reservation fee does not constitute part of the sale price, this is the auctioneer s fee and is to be paid over & above the sale price paid to the Vendor.

Searches The buyer is required to pay £300 Inc. VAT for the search pack. This is payable at the same time as the reservation fee.

Viewings

To view the property please visit the Hammer Price Homes website, register as a buyer and book in for a viewing. Bidding is only permitted for those who have viewed. Viewers must stick to their time precisely.

Property Details

Approx. gross internal floor area 500.8 SQ FT 46.5 SQ M

Ground Floor
Comprises of an entrance hallway leading to these rooms
Lounge Dining Room 13 5 x 13 4 4.09m x 4.07m
Kitchen 9 7 x 7 0 2.92m x 2.14m
Bedroom 1 11 10 x 11 5 3.60m x 3.49m
Bathroom No Measurements Taken

Parking
Garage

Proof & Source of funds

In order to satisfy our Anti Money Laundering obligations, winning bidders are required to complete their source of funds questionnaire within 24 hours of the close of the auction. This will detail how they will finance the purchase and provide supporting evidence as to the source of the funds such as bank statements . It is advised that anybody bidding on a property prepares this information prior to taking part in an auction so that it is readily available. See our buyers FAQ s for further information.

Current proof of funds may also be requested from registered buyers, prior to enabling their account for bidding, as part of our affordability checks.

How to make an offer

Offers can only be made via the online auction in the form of a bid once the bidding window has opened. No offers will be accepted outside of the auction process.

Once a sale has been agreed STC and a price agreed then no further price negotiation will take place. This sale price is fixed at the winning auction price and the buyer honoured to pay it. Any subsequent attempt by the buyer to contact the vendor direct to renegotiate on price would hold the buyer in breach of our terms. Should the buyer withdraw then they may have to forfeit the reservation fee. Please read the buyer terms and FAQ s on the site for more details.

This is a probate property and is sold as seen. The Administrator Solicitor dealing with the estate has never lived at the property so may not be able to answer the usual pre contract questions or provide a property information form."