Welcome To Hill Lane!

For sale by online auction with pre-auction offers considered!

Guide Price £80,000-£90,000

Auction Date 13th September 2022

Buyers fee applies & - Auction pack available on request.

This is a one bedroom first floor flat with allocated off road parking and use of a communal bike store. Located on the sought-after Road Hill Lane. This location is super popular for searching BTL investors and searching tenants. Being located within walking distance to Southampton Central Station is one of the biggest benefits along with being walking distance to the City centre and Shirley High Street. The properties location is also within close proximity to Southampton General & Princess Anne Hospitals. The Property Itself is on the first floor of this small development. Internally you have a lounge, bathroom, bedroom, and kitchen.

Useful Additional Information 

• Tenure: Leasehold
• Lease Length: 72 years remaining
• Ground Rent: £75 PA
• Service Charge: £1548.47
• Heating: Electric
• Local Council: Southampton
• Council Tax Band: A
• Vendor Position: NO FORWARD CHAIN

Disclaimer Property Details: Whilst believed to be accurate all details are set out as a general outline only for guidance and do not constitute any part of an offer or contract. Intending purchasers should not rely on them as statements or representation of fact but must satisfy themselves by inspection or otherwise as to their accuracy. We have not carried out a detailed survey nor tested the services, appliances, and specific fittings. Room sizes should not be relied upon for carpets and furnishings. The measurements given are approximate. The lease details & charges have been provided by the owner and you should have these verified by a solicitor.

This property is for sale via Online Auction. This is a modern twist on the traditional auction room sale where buyers can bid for the property via an online platform. The auction will run for 3 hours on a set date and time chosen by the vendor of the property. The winning bidder, assuming the reserve is met, is legally bound to exchange on the property and pay a 10% deposit similar to a traditional auction house sale and they will have 28 days to complete, please check the legal paperwork to confirm deposit amount. Upon completion of a successful auction the winning bidder will be required to pay a non-refundable reservation fee of 3% inclusive of VAT of the winning bid in addition to the purchase price subject to a minimum fee of £4,800 inclusive of VAT. The auction is powered and carried out by Whoobid and is subject to terms & conditions which will form part of the auction pack which will be available to download for free once produced by the vendors legal representatives. We strongly recommend that you review the legal documents prior to bidding and seek legal advice. PLEASE REMEMBER THAT THE RESERVATION FEES ARE PAYABLE IN ADDITION TO THE ASKING PRICE. Bidders will be required to register in order to download the ‘legal pack’, if you choose to bid on the property you will be required to complete further identity checks for anti-money laundering purposes and provide card details before you are able to place a bid.

**Guide price - This is an indication of the seller’s minimum expectations at auction and is not necessarily the figure the property will achieve but acts as a guide, prices are subject to change prior to the auction.

**Reserve price - Most auctions will be subject to a reserve price, if this figure is not achieved during the auction then the property will not be sold. In normal circumstances the reserve price should be no more than 10% above the guide price.