Virtual Viewing

Churchill Way, Basingstoke, Hampshire, RG21

Guide Price £85,000

1 beds
1 baths
1 reception

or call 01256 318 051

Ben Plowman

Basingstoke

basingstokeresidential@romans.co.uk

Key Features

FOR SALE BY ONLINE AUCTION
6 WEEKS’ COMPLETION
First floor apartment
Tenant in situ
Allocated parking
143 year lease

Description

A one bedroom modern first floor apartment with a 24/7 concierge service.

Located in Basingstoke close to the town centre, this apartment provides good access to rail links to Reading and London Waterloo from Basingstoke station, as well as J6 M3.

This apartment is being sold with a tenant in situ paying £1,100 PCM on a 12 month AST, gross yield 15.5% PAX. Council Tax Band: B. Service Charge: 3210.2. Ground Rent: 300.

Auction
To be sold by online auction (unconditional) on Thursday 29th May 2025 with a 6 WEEK COMPLETION, bidding will open at 10.00.
To view
Viewings will be conducted prior to the auction, please visit our website to book an appointment at firstforauctions.co.uk
Registration
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.
Tenure
Leasehold
Lease
From 1 January 2019 expiring on 31 December 2168 - 143 years
Tenancies
Let on an AST from 06.12.2024 for 12 months at £1,100PCM. This is a fixed term contract which does not include a break clause.
Ground rent and service charge
Service charge - Half Yearly Service Charge in advance 01/01/25 - 30/06/25 £1,605.10.
EPC rating
C
Council tax band
Basingstoke and Deane - B
Legal pack
For each lot there are Special Conditions of Sale and other documentation provided by the vendors 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.
Guide prices
Guide Prices are provided as an indication of each sellers 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.
Additional fees
A buyers charge of £1,500 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.
Deposit
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 well require the remaining balance for a 10% non-refundable deposit. We will contact you after the auction has finished to make these arrangements.
Pre-auction offers
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".
Mortgage finance
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.

Useful Tools

Calculate stamp duty online

I am a first time buyer or I am purchasing a property to replace my main residence.

Notes

The stamp duty calculator presumes that none (or part) of the property qualifies as mixed-use for which the current SDLT would be 3%.

Please note that this tool is an indicator only, your solicitor or tax consultant will advise you as to the actual stamp duty land tax that must be paid on completion.

All calculations are correct as of 1st October 2021, which are subject to change at any time

Click here for more information

Virtual Viewing

Churchill Way, Basingstoke, Hampshire, RG21

Guide Price £85,000

1 beds
1 baths
1 reception

or call 01256 318 051

Ben Plowman

Basingstoke

basingstokeresidential@romans.co.uk

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