Property Details: - Type: Flat - Bedrooms: 1 - Bathrooms: 1
Agent: Chancellors - Notting Hill Sales Phone: 020 8128 9864
To be sold by online auction (unconditional) on Thursday 28th May 2026 with a 6 WEEK COMPLETION, bidding will open at 10.00.<br/><br/><b>Property Details</b><br/><br/>A vacant, well-presented, one-bedroom apartment ideally positioned close to Hyde Park, offering superb access to the amenities of Oxford Street and excellent transport links via Queensway Underground Station (Central Line) and Bayswater Underground Station (Circle and District Lines). <br/> <br/>The property comprises a bright open-plan living area, modern kitchen and bathroom, a double bedroom, and benefits from a private courtyard providing outside space. <br/> <br/>Offered with a share of freehold, the apartment presents an attractive opportunity for both owner-occupiers and investors, with potential to generate an estimated gross yield of approximately 9% based on the guide price. The contents of the property are included in the sale.<br/><b>Auction <br/>To be sold by online auction (unconditional) on Thursday 28th May 2026 with a 6 WEEK COMPLETION, bidding will open at 10.00. <br/> <br/>To view <br/>Viewings will be conducted prior to the auction, please visit our website to book an appointment at firstforauctions.co.uk <br/> <br/>Registration <br/>All bidders/potential buyers are required to register ahead of the auction date to be able to bid/buy, please visit our website to setup an online auction account. <br/> <br/>Tenure <br/>Share of Freehold <br/> <br/>Lease <br/>Term :</b><br/> 999 years from 1 January 2002 - 974 remaining <br/> <br/>Ground rent and service charge <br/>Ground rent £200. Annual service charge £4,800 <br/> <br/>EPC rating <br/>C <br/> <br/>Council tax band <br/>E - Westminster<br/>Legal pack <br/>For each lot there are Special Conditions of Sale and other documentation provided by the vendor's solicitors. If you wish to receive the Legal Pack, you will be able to register for this via the link on our website. You will receive notification by email once the Legal Pack is received from the solicitor. The documents may not tell you everything you need to know about the property and you are required to complete your own due diligence before bidding.<br/>Guide prices <br/>Guide Prices are provided as an indication of each seller's minimum expectation. They are not necessarily figures which a lot will sell for and may change at any time prior to the auction. Each lot will be offered subject to a Reserve, (a figure below which the Auctioneer cannot sell the lot during the auction) which we expect will be set within the Guide Range, or no more than 10% above a single figure Guide Price.<br/>Additional fees <br/>A buyers charge of £1,650 including VAT is payable on each lot that you buy, in addition to the sale price. Please be aware there may be other additional fees, including disbursements contained in the legal pack payable on completion. Please ensure that you check the legal pack for each lot that you are interested in, prior to bidding.<br/>Deposit <br/>If you are the highest bidder when the auction ends, contracts are exchanged between you and the seller. Both parties are legally bound to complete the transaction as per the special conditions in the legal pack. Your card will be automatically debited for the bidder security amount of £6,000 and we'll require the remaining balance for a 10% non-refundable deposit. We will contact you after the auction has finished to make these arrangements.<br/>Pre-auction offers <br/>These must be made in writing and will only be considered if the Legal Pack has been inspected and proof of funding has been supplied to the auctioneers. Pre-auction offers are only considered on an auction basis in accordance with the “Terms & Conditions - Unconditional Auction".<br/>Mortgage finance <br/>We advise all bidders who require a mortgage to confirm with their Financial Advisor as to whether or not the lot you are interested in would be suitable security to borrow finance against, prior to bidding. If you need to arrange a mortgage it is important that you obtain an offer from your lender before the day of the auction. Most building societies and banks will instruct a surveyor to prepare a valuation report before making a mortgage offer.<br/><b>Video Viewings:</b><br/> If proceeding without a physical viewing please note that you must make all necessary additional investigations to satisfy yourself that all requirements you have of the property will be met. Video content and other marketing materials shown are believed to fairly represent the property at the time they were created.
