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" ##FOR SALE BY MODERN METHOD OF AUCTION STARTING BID ?150,000 PLUS RESERVATION FEE ### Spacious first floor one bedroom apartment ideally located in the heart of Wallington Town Centre within 0.1 Miles of Wallington station and array of local shops and amenities. Accessed via security entry phone system and communal entrance to the first floor & hallway accommodation comprises a welcoming entrance hall, modern and stylish kitchen with fitted units and appliances, part tiled family bathroom, bright and airy reception room measuring in excess of 16ft x12ft with ample space to entertain guests and dine and a spacious double bedroom measuring in excess of 18ftx8ft with fitted wardrobes and cupboards. Offered to the market with the convenience of onward chain this could be the ideal investment or first time buy you have been looking for. As this is a leasehold property you are likely to be responsible for management charges and ground rent. You may also incur fees for items such as leasehold packs and in addition you will also need to check the remaining length of the lease. You must therefore consult with your legal representatives on these matters at the earliest opportunity before making a decision to purchase. This property is for sale by the Modern Method of Auction which is not to be confused with traditional auction. The Modern Method of Auction is a flexible buyer friendly method of purchase. We do not require the buyer to exchange contracts immediately; however, from the date the draft contract for sale is received by the Buyer's solicitor, the buyer has 56 DAYS in which to complete the transaction; whilst using every endeavour to exchange contracts within the first 28 days. Allowing the additional time to exchange contracts means interested parties can proceed with traditional residential finance. Upon close of a successful auction, or if the vendor accepts an offer during the auction, the buyer will be required to make payment of:A non-refundable Reservation Fee of 4.2% of the final agreed sale price including VAT - this is subject to a minimum of ?4,500.00 including VAT - which reserves the property from sale by securing the transaction and takes the property off the market. The Reservation Fee is paid in addition to the final negotiated selling price. A non-refundable Buyer Information Pack fee of ?200.00 including VAT towards the preparation cost of the pack, if the Buyer Information Pack has been produced and provided by IAM Sold. The Documents in the pack can then be used by your solicitor during the conveyancing stage of the purchase. It is recommended that you view the Buyer Information Pack before agreeing to your purchase. Fees paid to the Auctioneer may be considered as part of the chargeable consideration for the property and be included in the calculation for stamp duty liability. Further clarification for this must be sought from your legal representative. The buyer will be required to sign a Reservation Agreement to confirm acceptance of the terms prior to solicitors being instructed. A sample copy of the Reservation Agreement and all terms and conditions can be found in the Buyer Information Pack, which can be downloaded from the auction section of our website, or requested from our Auction Department. Please note this property is subject to an undisclosed reserve price which is generally no more than 10% in excess of the starting bid, both the starting bid and reserve price can be subject to change. Terms and conditions apply to the Modern Method of Auction, which is operated by the The South West Property Auction powered by IAM Sold.

Entrance Hall
Electric storage heater, cloaks cupboard, coved ceiling.
Reception - 16'2 x 12'0(4.93m x 3.66m)
Single glazed window, electric storage heater, coved ceiling, television point, telephone point, power points.
Kitchen - 7'11 x 7'10(2.41m x 2.39m)
Part tiling to walls, single drainer, single bowl inset sink with cupboards and drawers under, range of fitted base units, cupboards and drawers, range of fitted wall units, laminate worktops, plumbing for washing machine, inset electric hob, cooker hood, fitted electric oven, cooker point.
Bedroom One - 18'1 x 8'10(5.51m x 2.69m)
Single glazed window, range of fitted wardrobes and cupboards, power points.
Bathroom
Panelled bath with shower over, pedestal hand basin, low level WC, part tiled walls, extractor fan.