For sale by Unconditional Online Auction.
On behalf of Mann and Co - Woolwich
On Bedroom Flat
Well presented one bedroom flat that will make for an excellent first purchase, down size or stable investment.
Situated on Plumstead Common Road with immediate access to local amenities and close to transport links
Searches included within legal pack. Prospective buyers must make all necessary independent enquiries prior to placing their bid, as this will be binding.
We have been advised by our vendor that the property is not mortgageable – any interested parties should make their own enquiries prior to bidding
EPC Rating: D
The sale of this property will be conducted online. This is a "Buy-It-Now" lot, so there are no other lots being sold alongside this property.
You are required to undertake identity checks before you can be authorised to bid. You must also provide your payment details. If you do not provide this information, your registration will not be processed.
When you place your bid, you are deemed to have agreed to the Buyers Terms (England & Wales).
Auction type - Unconditional with Variable Fee
If you are the highest bidder, you must exchange legally binding contracts for the sale when the auction for the property comes to an end. You must then pay the applicable fees and deposit. You must complete the sale within 20 business days unless the Special Conditions of Sale contained within the legal pack state otherwise.
The following non-refundable fees apply:
Buyer's Fee - payable on exchange of contracts. This is calculated as a percentage of the actual purchase price of the property. Either:
(a) 4.8% (including VAT) of the purchase price, for properties up to and including £250,000
(b) 3.6% (including VAT) of the purchase price for properties sold for over £250,000
The Buyer's Fee is subject always to a minimum of £6,000 (including VAT). The Buyer's Fee does not contribute to the purchase price.
There may be additional fees listed in the Special Conditions of Sale, which will be available to view within the Legal Pack. You must read the Special Conditions carefully before bidding. Any additional fees are included at the seller's discretion, not on the instruction of SDL Property Auctions, and will be in addition to any fees payable to us. SDL Property Auctions has limited control over the content of the Special Conditions of Sale.
On exchange of contracts, you must pay a non-refundable deposit equal to 5% of the actual purchase price of the property, subject to a minimum of £5,000. The deposit contributes towards the purchase price.
When you register to buy the property, you will be prompted to provide your payment details. Once your registration has been processed, your card will automatically be charged the value of the applicable auction fee and deposit.
Before placing your bid, you must view the legal pack. This is the collection of legal documents that apply to the sale. The documents will include but are not limited to: Special Conditions of Sale, title documents from the Land Registry and Energy Performance Certificate.
The Legal Pack can be viewed on SDL Property Auctions' website under the sub-heading "Legal Documents". Underneath this, you will be prompted to "log in to view the legal documents". Follow this link, and you will then be directed to create an account with Auction Passport to view the documents.
The legal pack can change at any time up until you place your bid, so you must check for the most recent version of the legal pack. At the point of placing your bid, you are deemed to have read the legal pack in its entirety, including any changes. Failure to check for changes to the legal pack will not be a valid reason for withdrawing from the sale.
It is strongly recommended that you instruct a qualified professional to review the legal pack and raise any necessary enquiries before placing your bid.
Special Conditions of Sale
The property is sold subject to any Special Conditions of Sale. These are contractual conditions that are included by the seller of the property - they are not part of SDL Property Auctions' terms and conditions. The Special Conditions of Sale are legally binding. You are taken to have read and accepted these at the point of bidding, even if you have not done so. The Special Conditions of Sale are available to read in the legal pack.
Energy Performance Certificate
The EPC for this property can be viewed on SDL Property Auctions' website by logging in to view the legal documents for the property. Go to the "Legal Documents" area. Underneath this, you will be prompted to "log in to view the legal documents". Follow this link, and you will then be directed to create an account with Auction Passport to view the documents.
To register to bid on the property, please go to SDL Property Auctions' website and follow the link to "Log in/Register to Bid". You will then be directed to create an account with the online-bidding platform provider, EIG.
Disclaimer: In some exceptional circumstances there may be a delay in processing your registration. If this delay results in another person placing a successful offer, SDL Property Auctions are not liable to you for any loss of opportunity.
The property is available to purchase immediately at the price listed on the lot.
Mann and Co - Woolwich
By setting a proxy bid, the system will automatically bid on your behalf to maintain your position as the highest bidder, up to your proxy bid amount. If you are outbid, you will be notified via email so you can opt to increase your bid if you so choose.
If two of more users place identical bids, the bid that was placed first takes precedence, and this includes proxy bids.
Another bidder placed an automatic proxy bid greater or equal to the bid you have just placed. You will need to bid again to stand a chance of winning.