1 Western Mews Western Road, Bexhill-on-Sea, East Sussex, TN40 1GR
- Conditional Online Auction Sale
- Bedrooms: 1
Description
AP Estate Agents are pleased to bring to the market a straightforward and genuinely practical investment opportunity — well suited to anyone taking their first step into property investment, or equally to a seasoned landlord looking to add a reliable, income producing unit to an existing portfolio.
Set in a tucked away position just behind the high street, the property enjoys a quiet setting while still being moments from local amenities. It is currently occupied by a long term tenant, offering an immediate and steady rental return from day one.
This ground floor home appeals to a wide range of occupants thanks to its accessible layout. A double glazed entrance door opens into an open plan living area, providing a functional space for everyday use. High ceilings add a welcome sense of openness, and a large front window brings good natural light into the room. The recently upgraded consumer unit is neatly concealed behind a wall cupboard.
The kitchen is arranged in an L shape at the far end of the living space, fitted with wood effect wall and floor units and contrasting black worktops. There is space and plumbing for a freestanding fridge, washing machine and cooker, along with a stainless steel inset sink, tiled splashback and practical lino flooring.
The bedroom sits just off the living area and is best suited to a single occupant, with room for a single bed and essential furniture. A window overlooks the rear of the property. Beyond this, a small inner area leads to the shower room, with doors separating each space. The shower room includes a low level WC, pedestal basin and shower cubicle with extractor fan, and is fully tiled. A discreet cupboard houses the large Megaflow hot water tank and immersion heater.
Overall, the property would benefit from updating and modernisation, reflecting the long term occupancy of the current tenant. There is no gas supply; heating is provided via electric storage heaters throughout. The property is sold freehold, with a 30% contribution towards maintenance and insurance shared with the apartment above (1A).
A simple, solid investment with instant income and scope to improve over time — ideal for those seeking a low maintenance addition to their portfolio
IMPORTANT INFORMATION TO READ
Material information:
If you intend to purchase using mortgage finance, you should satisfy yourself that the property is suitable for the purposes for which you intend to use it and that it meets your lender's requirements to secure lending before bidding.
A Legal Pack is available for this property and should be reviewed carefully before bidding. Neither GOTO Group nor the estate agent accepts any responsibility or liability for the accuracy or completeness of the Legal Pack and shall not be liable for any loss or damage arising from any inaccuracies, omissions or errors contained within it. Buyers should review the Legal Pack carefully, carry out their own due diligence and obtain independent legal advice where appropriate before proceeding.
Tenure
Freehold
Energy Efficiency Rating - Current
45
Energy Efficiency Rating - Potential
79
Opening Bid and Reserve Price
This Property is subject to an undisclosed Reserve Price which in general will not be 10% more than the Opening Bid. The Reserve Price and Opening Bid can be subject to change. The Online Auction terms and conditions apply.
Comments
This property is offered for sale via 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 exchange and complete the transaction from the date the Draft Contract is issued by the sellers solicitor.
By giving a buyer time to exchange contracts on the property, 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 reserve the property to the buyer during the Reservation Period and are paid in addition to the purchase price and are considered within calculations for Stamp Duty Land Tax. Further clarification on this must be sought from your legal representative.
The buyer will be required to give the Auctioneer authority to sign the Reservation Form on their behalf and to confirm acceptance of the Terms and Conditions prior to solicitors being instructed. Copies of the Reservation Form and all Terms and Conditions can be found in the Information Pack which can be downloaded from our website or requested from our Auctioneer.
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 £6,600 including VAT, plus a buyer's administration charge of £396 including VAT, a total of £6,996. This secures the transaction and takes the property off the market. Any additional fees and charges over and above this will be confirmed within the terms and conditions available on the website.
The Buyer's Premium and buyer's administration charge are in addition to the final negotiated selling price.
All buyers will be required to verify their identity and provide proof of how the purchase will be funded.
Buyer's Administration Charge
If the Buyer Information Pack has been produced and provided by GOTO Group any successful purchaser will be required to pay £396 (including VAT) towards the cost of the preparation of the pack. These can then be used by your solicitor to progress the sale.
Buyer Fees
There are no other fees or charges payable to the Auctioneer however, there are other costs to consider such as:
- You will need a Solicitor to act for you during the conveyancing and your Solicitor will advise you in relation to the associated costs. If you do not have a Solicitor, we can recommend the services of one of our Panel Solicitors who are all selected for their expertise in Auction Transactions. Please call the number below for more information.
- Stamp Duty Land Tax (SDLT) is applicable if you buy a property or land over a certain price in England, Wales or Northern Ireland. Please click here for more information.
Energy Performance Certificate(EPCs)
An EPC is broadly like the labels provided with domestic appliances such as refrigerators and washing machines.Its purpose is to record how energy efficient a property is as a building. The certificate will provide a rating of the energy efficiency and carbon emissions of a building from A to G, where A is very efficient, and G is inefficient.The data required to allow the calculation of an EPC includes the age and construction of the building, its insulation and heating method.EPCs are produced using standard methods with standard assumptions about energy usage so that the energy efficiency of one building can easily be compared with another building of the same type.The Energy Performance of Buildings Directive (EPBD) requires that all buildings have an EPC when they are marketed for sale or for let, or when houses are newly built. EPCs are valid for 10 years, or until a newer EPC is prepared.During this period the EPC may be made available to buyers or new tenants.
* Generally speaking Guide Prices are provided as an indication of each seller's minimum expectation, i.e. 'The Reserve'. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Virtually every property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide.
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