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Wandle Road, Morden, SM4
Offers Over £190,000- 2 Beds
- 1 Bathroom
- 1 reception
*BEING SOLD VIA THE MODERN METHOD OF AUCTION*
Andrews property Group Morden Branch has taken this property to the market for cash buyers only. Currently the lease is approximately 55 years and will not be supported by a mortgage, so cash will be key and it will be the buyers resposability to make enquiries to extend the lease. The property is in need of some general cosmetic improvements and modernisation, but this has been reflected in the price. Offering two bedrooms, lounge, kitchen and bathroom plus access to the loft and your own garden. The Ravensbury area of Morden is situated adjacent to the River Wandle, and offers a unique mixture of residential properties of all styles and sizes. The National Trusts Morden Hall Park, and Ravensbury Park and well placed for the town centre of Morden. Local bus routes connect to Sutton, Brixton, Herne Hill and Morden – which is on the Northern Line and offers direct links to London.
*BEING SOLD VIA THE MODERN METHOD OF AUCTION*
Andrews property Group Morden Branch has taken this property to the market for cash buyers. Currently the lease is approximately 55 years and will not be supported by a mortgage, so cash will be key and it will be the buyers resposability to make enquiries to extend the lease. The property is in need of some general cosmetic improvements and modernisation, but this has been reflected in the price. Offering two bedrooms, lounge, kitchen and bathroom plus access to the loft and your own garden. The Ravensbury area of Morden is situated adjacent to the River Wandle, and offers a unique mixture of residential properties of all styles and sizes. The National Trusts Morden Hall Park, and Ravensbury Park and well placed for the town centre of Morden. Local bus routes connect to Sutton, Brixton, Herne Hill and Morden – which is on the Northern Line and offers direct links to London.
Should you view, offer or bid on the property, your information will be shared with the Auctioneer, iamsold.
This method of auction requires both parties to complete the transaction within 56 days of the draft contract for sale being received by the buyers solicitor.
This additional time allows 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.
This being 4.2% of the purchase price including VAT, subject to a minimum of £6,000.00 including VAT. The Reservation 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 go through an identification verification process with iamsold and provide proof of how the purchase would be funded.
This property has a Buyer Information Pack which is a collection of documents in relation to the property.
The documents may not tell you everything you need to know about the property, so you are required to complete your own due diligence before bidding. A sample copy of the Reservation Agreement and terms and conditions are also contained within this pack.
The property is subject to an undisclosed Reserve Price with both the Reserve Price and Starting Bid being subject to change.
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