Key Features:
Buy-it-Now option available
Being Sold by GOTO Online Auction
Buyer’s fees apply

FOR VIEWINGS PLEASE QUOTE REFERENCE AS1482

GUIDE PRICE £70,000

Situated in Quantock area of Southend-on-Sea, this spacious two-bedroom flat presents an excellent investment opportunity with a tenant currently in situ paying £650 PCM, offering immediate rental income for prospective landlords.

The property offers well-proportioned accommodation throughout, including a bright lounge, fitted kitchen, two good-sized bedrooms and family bathroom. The flat benefits from a convenient layout ideal for long-term tenants and continued rental demand.

Ideally located within easy reach of Southend town centre, the property enjoys excellent transport links including nearby rail connections providing direct access into London, making it attractive to commuters. A range of local shops, supermarkets, schools and everyday amenities are all close by, while Southend’s seafront, leisure facilities and retail parks are only a short distance away.

The area also benefits from good road access via the A127 and A13, with regular bus routes serving the surrounding neighbourhoods.

This is a ready-made buy-to-let investment in a well-connected and established residential location.

Being Sold by GOTO Online Auction

Starting Bids from: £70,000

Buy it now option available

Please call or visit GOTO Online Auctions for more information.

This property is for sale by Online Auction. The Online Modern Method of Auction is a flexible buyer friendly method of purchase. The purchaser will have 56 working days to exchange and complete once the draft contract is received by the buyer’s solicitor (or 10 working days after receipt of the buyer’s premium, whichever is earlier). Allowing the additional time to exchange and complete on the property 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 with be required to put down a non-refundable reservation fee. The fee will be a fixed fee including the Vat, this secures the transaction and takes the property off the market. The buyer will be required to agree to our terms and conditions prior to solicitors being instructed. Copies of the Reservation form and all terms and conditions can be found on the online Auction website or requested from our Auction Department.

Please note this property is subject to an undisclosed Reserve Price which is typically no more than 10% in excess of the Starting Bid. Both the Starting Bid and Reserve Price can be subject to change. Our primary duty of care is to the vendor. Terms and conditions apply to the Modern Method of Auction, which is operated by GOTO Auctions.

General Information:
Auctioneer's Comments

This property is for sale by Online Auction which is a flexible and buyer friendly method of purchase. The purchaser will not be exchanging contracts on the fall of the virtual hammer but will be given 56 working days in which to complete the transaction, from the date the Draft Contract are issued by the seller’s solicitor. By giving a buyer time to exchange contracts on the property, means normal residential finance can be arranged.

The Buyer’s Premium secures the transaction and takes the property off the market. 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 on this must be sought from your legal representative. The buyer will be required to sign a Reservation form to confirm acceptance of terms prior to solicitors being instructed. Copies of the Reservation form and all terms and conditions can be found in the Info Pack which can be downloaded for free from our website or requested from our Auction Department.

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 Buyer’s Premium of 3.6% of the purchase price including vat. This is subject to a minimum amount of £6600 including VAT and a Legal Pack fee of £396 including VAT. This secures the transaction and takes the property off the market.
The Buyer’s Premium and administration charge are in addition to the final negotiated selling price.

Buyer Fees

There are no other fees or charges payable to the Auctioneer however, there are other costs to consider such as:

Two-bedroom flat
Tenant in situ paying £650 PCM
Immediate rental income
Spacious accommodation
Convenient Southend location
Close to shops, transport links and amenities
Ideal buy-to-let investment

Flat in southend on sea