Lot 01 - 1 Oakley Court, Hillyfields, Loughton, Essex, IG10 2PY

  • Unconditional Online Auction Sale
  • Guide Price* : Starting bid: £135,000

Well presented ground floor investment flat in popular location close to local amenities, Debden underground station and junction 5 of the M11 motorway. Currently let at £9,000pa which equates to a 6.7% gross yield at the starting bid.

Description

Situation & Description

This well presented, long leasehold studio flat is situated in a the quiet location of Hillyfields just off Rectory Lane in the popular Essex town of Loughton. There are a wide variety of local shops and amenities including Sainsbury's Local, Plume of Feathers public house, newsagents and beauticians. The flat is under 1 mile from Debden Underground Station giving direct access via the Central Line into London Liverpool Street in 30 minutes and is also close to Junction 5 of the nearby M11 motorway.

The good sized ground floor flat is in very good condition throughout and is currently let for £750 per calendar month which is the equivalent of £9,000 per annum or a gross yield of 6.7% if purchased at the guide price of £135,000.

The flat consists of: Entrance Hall, Living Room/Bedroom, Separate Kitchen and Separate Shower Room.

The lease is believed to have 104 years unexpired (full details to be included in the Legal Pack).

Auction Details
The lot is to be sold by online auction on Wednesday 29th July at 8pm (bidding opens at 12pm on Tuesday 28th June).
All interested parties who wish to bid, please contact My Auction on 0207 101 4868

Please note that a Buyer’s Premium of 1.2% inc.VAT of the purchase price is to be paid by the successful Buyer subject to a minimum fee of £2,400 inclusive of VAT.

* Generally speaking Guide Prices are provided as an indication of each seller's minimum expectation. 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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