Barton Road, Whiddon Valley, Barnstaple, Devon, EX32

Council tax band: A.

Tenure: Leasehold.

Lease remaining (For Leasehold tenure): 58 (in years).
Service charge (For Leasehold tenure): £662.75 per year.
Ground rent (For Leasehold tenure): £50 per year. Review period: 66 (in years).

For Sale via Online Traditional Auction. Secure Sale online bidding. Terms & Conditions apply. Starting Bid £70,000

This property will be legally prepared enabling any interested buyer to secure the property immediately once their bid/offer has been accepted. Ultimately a transparent process which provides speed, security and certainty for all parties.

A nicely appointed modern, purpose-built first-floor flat situated on the outskirts of Barnstaple. The property enjoys open views across Barnstaple town and towards Portmore Golf Course. This is an ideal investment property, however, due to the unexpired term of the lease, it is only suitable for cash purchasers. The property benefits from gas fired central heating installed in 2023 and uPVC double-glazed windows. Highly recommended for viewing, the accommodation briefly comprises a Hallway, Bathroom, Lounge, Bedroom, Kitchen with range of units, and a small garden area. 

Features

• Gas Central Heating Combi Boiler

Property additional info

COMMUNAL ENTRANCE:
Access to each of the flats.

ENTRANCE HALL:
Front door off. Wall-mounted Vaillant gas-fired combination boiler feeding domestic hot water & central heating system.

LOUNGE: 12' 0'' x 9' 0'' (3.65m x 2.74m)
uPVC double glazed window affording views across Barnstaple town and beyond to open countryside. TV point, radiator, access to boarded loft space with light connected. Shelved alcove. Access to:

WARDROBE ROOM:
Shelf. Window affording town and country views.

KITCHEN: 9' 3'' x 6' 6'' (2.82m x 1.98m)
Range of units comprising inset one & half bowl single drainer sink unit with mixer tap h&c., cupboards and space below with plumbing for washing machine. Working surface with drawers and cupboards below. Inset ceramic hob and built-in electric oven. Stainless steel cooker hood above. 3 wall units. Coving to ceiling.

BEDROOM: 9' 0'' x 6' 8'' (2.74m x 2.03m)
uPVC double glazed window affording views across Barnstaple town and beyond to open countryside. Radiator. Fitted carpet.

SHOWER ROOM:
Fully tiled shower cubicle with sliding glass door. Shower unit. Pedestal wash hand basin with tiled wall area. Low-level Wc. Heated towel rail.

OUTSIDE:
To the rear of the property is a garden area, accessed from the side of the building. There is a lawn, small timber framed Garden Shed and a variety of bushes and shrubs.

SERVICES:
Mains water, electricity, gas & drainage connected.

VIEWING:
By appointment through Woolliams Property Services Telephone: Office Hours 01271 328586 Out of Office Hours: 07977 269098

COUNCIL TAX:
Band A

EPC:
Band D

TENURE:
LEASEHOLD. The flat is being sold with the balance of a 99 year lease granted on 11th March 1983, there is a ground rent payable of £50.00 per annum paid in equal half-yearly installments due on 24th June and 24th December. Buildings insurance for the year 29th September 2023 to 28th September 2024 is £205.53. Current charges towards maintenance and building up keep is approximately £73 per calendar month which includes the insurance contribution. We do have a copy of the lease at the office and this is available for inspection by interested purchasers or their legal advisers.

AUCTIONEERS ADDITIONAL COMMENTS:
Pattinson Auction are working in Partnership with the marketing agent on this online auction sale and are referred to below as 'The Auctioneer'. This auction lot is being sold either under conditional (Modern) or unconditional (Traditional) auction terms and overseen by the auctioneer in partnership with the marketing agent. The property is available to be viewed strictly by appointment only via the Marketing Agent or The Auctioneer. Bids can be made via the Marketing Agents or via The Auctioneers website. Please be aware that any enquiry, bid or viewing of the subject property will require your details being shared between both any marketing agent and The Auctioneer in order that all matters can be dealt with effectively. The property is being sold via a transparent online auction. In order to submit a bid upon any property being marketed by The Auctioneer, all bidders/buyers will be required to adhere to a verification of identity process in accordance with Anti Money Laundering procedures. Bids can be submitted at any time and from anywhere. Our verification process is in place to ensure that AML procedure are carried out in accordance with the law. A Legal Pack associated with this particular property is available to view upon request and contains details relevant to the legal documentation enabling all interested parties to make an informed decision prior to bidding. The Legal Pack will also outline the buyers’ obligations and sellers’ commitments. It is strongly advised that you seek the counsel of a solicitor prior to proceeding with any property and/or Land Title purchase. Auctioneers Additional Comments In order to secure the property and ensure commitment from the seller, upon exchange of contracts the successful bidder will be expected to pay a non-refundable deposit equivalent to 5% of the purchase price of the property. The deposit will be a contribution to the purchase price. A non-refundable reservation fee of up to 6% inc VAT (subject to a minimum of 6,000 inc VAT) is also required to be paid upon agreement of sale. The Reservation Fee is in addition to the agreed purchase price and consideration should be made by the purchaser in relation to any Stamp Duty Land Tax liability associated with overall purchase costs. Both the Marketing Agent and The Auctioneer may believe necessary or beneficial to the customer to pass their details to third party service suppliers, from which a referral fee may be obtained. There is no requirement or indeed obligation to use these recommended suppliers or services.

USEFUL INFORMATION:
With a shorter lease term, a buyer or owner of such a property may want to look at extending the lease. More information on this subject can be found on the Government's website. https://www.gov.uk/leasehold-property/extending-changing-or-ending-a-lease