Guide price

£30,000

3 bedroom Flat for sale, Liverpool, Merseyside, L5

Reading Street

Property ref: LIV240114

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Council Tax: Band A
Tenure: Leasehold. 108 year lease
Current ground rent (per annum): £130.00
Maintenance charges (per annum): £1,100.00
  • No Onward Chain
  • Three Bedroom Duplex
  • Modern Method of Auction
  • Excellent Net Return

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No Onward Chain - Excellent Net Return Investment

We are delighted to offer via Modern Method of Auction, a fantastic three bedroom duplex apartment situated within a short drive of Liverpool City Centre with plentiful local amenities.

The home briefly comprises; entrance hall, expansive lounge, separate kitchen with storage. To the first floor, three great sized bedrooms, separate bathroom and separate water closet.

Currently let at £445pcm, this would look fantastic in an existing and first time investment portfolio.

Council Tax band - A
EPC Grade - E

Should you view, offer or bid on the property, your information will be shared with the Auctioneer, IAmSold.

This method of auction requires both parties to complete the transaction within 56 days of the draft contract for sale being received by the buyers solicitor. This additional time allows buyers to proceed with mortgage finance.

The buyer is required to sign a reservation agreement and make payment of a non-refundable Reservation Fee. This being 4.5% of the purchase price including VAT, subject to a minimum of £6,600.00 including VAT. The Reservation Fee is paid in addition to purchase price and will be considered as part of the chargeable consideration for the property in the calculation for stamp duty liability.

Buyers will be required to go through an identification verification process with I AmSold and provide proof of how the purchase would be funded.

This property has a Buyer Information Pack which is a collection of documents in relation to the property. The documents may not tell you everything you need to know about the property, so you are required to complete your own due diligence before bidding. A sample copy of the Reservation Agreement and terms and conditions are also contained within this pack.

The buyer will also make payment of £300.00 including VAT towards the preparation cost of the pack, where it has been provided by I Am Sold.

The property is subject to an undisclosed Reserve Price with both the Reserve Price and Starting Bid being subject to change.

Referral Arrangements

The Partner Agent and Auctioneer may recommend the services of third parties to you. Whilst these services are recommended as it is believed they will be of benefit; you are under no obligation to use any of these services and you should always consider your options before services are accepted.

Where services are accepted the Auctioneer or Partner Agent may receive payment for the recommendation and you will be informed of any referral arrangement and payment prior to any services being taken by you.

Room Measurements Notes
DUPLEX THREE Bedroom FLAT
EXTERNAL / COMMUNALOn Street parking to the front of the building, secure communal access, stairs to all floors.
GROUND FLOOR
HallEntrance to the property, access to kitchen and lounge, stairs to first floor.
Lounge5.19m x 3.99m (approx)Expansive living space facing the communal gardens.
Kitchen2.78m x 2.14m (approx)Fully fitted modern kitchen with two storage spaces.
FIRST FLOOR
LandingFirst floor landing leads to all bedrooms, bathroom and water closet.
Bedroom 14.96m x 3.3m (approx)Large main bedroom, space for King sized bed and free standing wardrobes.
Bedroom 23.53m x 3.33m (approx)Secondary double bedroom facing the rear of the property.
Bedroom 32.62m x 2.46m (approx)Smaller bedroom to the rear of the home.
Bathroom2.19m x 1.5m (approx)Modern finish two piece bathroom suite with bath and shower facilities.
WCSeparate water closet with toilet.
General InfoLease: 125 years from 28/01/2008 (108 years remaining approx)Service charges: £1,100 per annumGround rent: £130 per annumCurrently let: £445pcm (£5,340 per annum)Net - £4,110 per annumNo Onward Chain

IMPORTANT NOTE TO POTENTIAL PURCHASERS: We endeavour to make our particulars accurate and reliable, however, they do not constitute or form part of an offer or any contract and none is to be relied upon as statements of representation or fact. The services, systems and appliances listed in this specification have not been tested by us and no guarantee as to their operating ability or efficiency is given. All photographs and measurements have been taken as a guide only and are not precise. Floor plans where included are not to scale and accuracy is not guaranteed. If you require clarification or further information on any points, please contact us, especially if you are travelling some distance to view. Fixtures and fittings other than those mentioned are to be agreed with the seller.

Energy Efficiency Rating

Very energy efficient - lower running costs

(92 plus) A
(81 - 91) B
(69 - 80) C
(55 - 68) D
(39 - 54) E
(21 - 38) F
(1 - 20) G

Not energy efficient - higher running costs

Current

52

Potential

79

CO2 Rating

Very energy efficient - lower running costs

(92 plus) A
(81 - 91) B
(69 - 80) C
(55 - 68) D
(39 - 54) E
(21 - 38) F
(1 - 20) G

Not energy efficient - higher running costs

Current

N/A

Potential

N/A

Use our calculator to see how much Stamp Duty you may pay if you buy this property.   

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This calculator provides a guide to the amount of residential stamp duty you may pay and does not guarantee this will be the actual cost. This calculation is based on the Stamp Duty Land Tax Rates for residential properties purchased from 23rd September 2022. For more information on Stamp Duty Land Tax, click here.

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This information is a guide only and should not be relied on as a recommendation or advice that any particular mortgage is suitable for you. All mortgages are subject to the applicant(s) meeting the eligibility criteria of lenders. Make an appointment with our partners, Embrace Financial Services to receive mortgage advice suitable for your needs and circumstances. The data entered into the mortgage calculator must be accurate and up-to-date.

YOUR PROPERTY MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE.

Embrace Financial Services usually charges a fee for mortgage advice. The precise amount of the fee will depend upon your circumstances but will range from £499 to £999 and this will be discussed and agreed with you at the earliest opportunity.

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