Earlsdon, Coventry, West Midlands, CV5 6NE

*To be sold via unconditional TIMED ONLINE AUCTION on Tuesday 15th April 2025
(Visit auctionhouse.co.uk/online).

BIDDING OPENS: 13:00 on Monday 14th April 2025
AUCTION ENDS: 13:00 on Tuesday 15th April 2025

GUIDE PRICE: £60,000 to £80,000

Description

2 bedroom top floor apartment with unique Tenancy arrangement in place (see below for further information). Leasehold with approximately 63 years remaining on the lease. Popular and convenient location. Ideal investment opportunity due to its close proximity to Earlsdon High Street and train station.

ACCOMMODATION
SECOND FLOOR
Lounge: 15 ft 2 in x 10 ft 10 in max
Bedroom 1: 12 ft 8 in x 9 ft 10 in
Bedroom 2: 12 ft 5 in x 7 ft 11 in
Kitchen: 11 ft 8 in x 5 ft 10 in
Bathroom:

OUTSIDE
Parking at rear of block.

SERVICES AND HEATING
Mains electricity, water and sewage are supplied to the property. (No tests have been carried out and we are therefore unable to confirm connections.)

Electric heating.

EPC RATING - C

COUNCIL TAX BAND - A

TENURE
Leasehold
Term: 99 years from 25/06/1989
Ground rent: To be confirmed
Service Charge: To be confirmed
Service charge period: To be confirmed

TENANCY
Agreement with Embrace Property Ltd, who let to Local Authority.
Term: By agreement
Rent payable: Variable
3 months notice is required to end agreement with Embrace, see Legal Pack for further information.

Important Notice to Prospective Buyers

We draw your attention to the Special Conditions of Sale within the Legal Pack, referring to other charges in addition to the purchase price which may become payable. Such costs may include Search Fees, reimbursement of Sellers costs and Legal Fees, and Transfer Fees amongst others.

Buyers Premium

Buyer's Premium: £1,440 (£1,200 plus VAT)

Administration Charge

Administration Fee: £1,200 (£1,000 plus VAT)
Please see the legal pack for any further costs

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* Guide | £60,000 to £80,000

2 Bedrooms

Unconditional (Immediate Exchange)

Call the team on 024 7652 7789 for more information

Floor plan Legal pack Request more info

Coventry & Warwickshire Terms & Conditions

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Bidding Example

The current bid on a lot is £90,000. The reserve price has been set at £100,000 (not disclosed).

Tom wants to bid. The minimum bid amount is £91,000 but Tom decides to place a maximum bid of £97,000. This is below the reserve price, so the system places a bid for Tom at his maximum bid amount and he becomes the highest bidder at £97,000.

Jane logs on to bid. The minimum bid amount is £98,000 but Jane places a maximum bid of £105,000. The system automatically increases Jane's bid to meet the reserve and she is now the highest bidder at £100,000.

Tom is notified that he has been outbid. If no further bids are placed Jane would win the lot for £100,000.

Tom places a bid of £101,000, and Jane’s proxy bid instantaneously outbids him at £102,000 as this is the lowest bid required to make her the highest bidder.

Tom then places a maximum bid of £105,000. The current bid jumps to £105,000 with Jane as the highest bidder as she placed a proxy bid for that amount before Tom did.

Tom then places a bid at £106,000 and wins the lot as there are no other bids and it is above reserve.

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NB: Please note that the way the bidding works may vary slightly from auctioneer to auctioneer. We strongly advise you to read the bidding guide for any auction you plan to bid on.

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.

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Auction House / Coventry and Warwickshire

*To be sold via unconditional TIMED ONLINE AUCTION on Tuesday 15th April 2025
(Visit auctionhouse.co.uk/online).

BIDDING OPENS: 13:00 on Monday 14th April 2025
AUCTION ENDS: 13:00 on Tuesday 15th April 2025

GUIDE PRICE: £60,000 to £80,000

Description

Important Notice to Prospective Buyers

Buyers Premium

Administration Charge

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Note

Auction House / Coventry and Warwickshire

*To be sold via unconditional TIMED ONLINE AUCTION on Tuesday 15th April 2025(Visit auctionhouse.co.uk/online).BIDDING OPENS: 13:00 on Monday 14th April 2025AUCTION ENDS: 13:00 on Tuesday 15th April 2025GUIDE PRICE: £60,000 to £80,000

Description

Important Notice to Prospective Buyers

Buyers Premium

Administration Charge

Loading the bidding panel...

Make An Enquiry

Connection error. Please check your internet connection.

Note

*To be sold via unconditional TIMED ONLINE AUCTION on Tuesday 15th April 2025
(Visit auctionhouse.co.uk/online).

BIDDING OPENS: 13:00 on Monday 14th April 2025
AUCTION ENDS: 13:00 on Tuesday 15th April 2025

GUIDE PRICE: £60,000 to £80,000