1 /8
£40,000
Alga Terrace, Scarborough, YO11
- 1 bed
£40,000
- 1 bed
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Estimate monthly mortgage payment:
£183 per month
Minimum deposit amount:To get a mortgage for a property you will typically need a minimum of 5% of the property value as a deposit. Our broker will be happy to talk through your options and everything else you need to secure a mortgage
To get a mortgage for a property you will typically need a minimum of 5% of the property value as a deposit. Our broker will be happy to talk through your options and everything else you need to secure a mortgage
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Top-Floor One-Bedroom Apartment ? Alga Terrace, Scarborough
This property is for sale and powered by 'iamsold Ltd.' Starting Bid: ?40,000
Fantastic Investment Opportunity or First-Time Buy
Nicholsons are delighted to bring to auction this bright, spacious one-bedroom apartment, set over two levels on the top floor of a well-maintained period property. Situated on the desirable South side of Scarborough, the flat is perfectly placed just a short walk from the stunning Italian Gardens, South Bay Beach, and the historic St. Martin's Church. Ramshill's range of shops and amenities are also within easy reach, making this a convenient and attractive location.
This well-kept apartment offers a fantastic opportunity for a variety of buyers. Whether you're a first-time buyer looking to get onto the property ladder, or an investor seeking a buy-to-let in a strong rental area, this property ticks all the boxes. With Scarborough's popularity continuing to grow, demand for well-located, affordable homes remains high.
The apartment briefly comprises: a communal entrance, private entrance vestibule, spacious living room, separate kitchen, a good-sized double bedroom, and a modern bathroom. The layout, split across two levels, gives the home a lovely sense of space and character.
Call today!
HALLWAY
BATHROOM 2.45m (8' 0') x 1.22m (4' 0')
BEDROOM 4.02m (13' 2') x 2.59m (8' 6')
LOUNGE 4.52m (14' 10') x 3.57m (11' 9')
KITCHEN 3.45m (11' 4') x 2.29m (7' 6')
COUNCIL TAX
Online enquiries suggest the property lies in 'Band A'. Verbal enquiries can be made to North Yorkshire Council on 01723 232323.
SERVICES
Mains supplies of water, electricity, gas and drainage are connected to the property.
(Please note it is not company policy to test any services or appliances in properties offered for sale, and these should be verified by the purchasers)
TENURE / MAINTENANCE
The property is believed to be freehold. Nicholsons are the managing agents and the annual fee is ?1158.75 a year including building insurance, including the reserve fund. No ground rent is taken.
INSPECTION
Strictly by appointment through the agents
DISCLAIMER
These particulars are subject to constant review and updating. Comments under tenure, council tax, planning use and service availability are provided for guidance only and are not based on formal enquiry, which is outside the scope of our Agency instructions. It remains for purchasers to satisfy themselves as to the facts. We cannot therefore accept any responsibility for information provided in good faith which may subsequently require amendment. Measurements provided are approximate only and should not be relied upon for other purposes.
Starting Bid & Reserve Price
Please note this property is subject to an undisclosed reserve price which is generally no more than 10% in excess of the starting bid, both the starting bid and reserve price can be subject to change. Terms and conditions apply to the auction, which is powered by IAM Sold
Auctioneer's Comments
This property is for sale by the Modern Method of Auction, meaning the buyer and seller are to Complete within 56 days (the 'Reservation Period'). Interested parties personal data will be shared with the Auctioneer (iamsold).
If considering buying with a mortgage, inspect and consider the property carefully with your lender before bidding.
A Buyer Information Pack is provided. The buyer will pay ?300.00 including VAT for this pack which you must view before bidding.
The buyer signs a Reservation Agreement and makes payment of a non-refundable Reservation Fee of 4.50% of the purchase price including VAT, subject to a minimum of ?6,600.00 including VAT. This is paid to reserve the property to the buyer during the Reservation Period and is paid in addition to the purchase price. This is considered within calculations for Stamp Duty Land Tax.
Services may be recommended by the Agent or Auctioneer in which they will receive payment from the service provider if the service is taken. Payment varies but will be no more than ?450.00. These services are optional
This property is for sale and powered by 'iamsold Ltd.' Starting Bid: ?40,000
Fantastic Investment Opportunity or First-Time Buy
Nicholsons are delighted to bring to auction this bright, spacious one-bedroom apartment, set over two levels on the top floor of a well-maintained period property. Situated on the desirable South side of Scarborough, the flat is perfectly placed just a short walk from the stunning Italian Gardens, South Bay Beach, and the historic St. Martin's Church. Ramshill's range of shops and amenities are also within easy reach, making this a convenient and attractive location.
This well-kept apartment offers a fantastic opportunity for a variety of buyers. Whether you're a first-time buyer looking to get onto the property ladder, or an investor seeking a buy-to-let in a strong rental area, this property ticks all the boxes. With Scarborough's popularity continuing to grow, demand for well-located, affordable homes remains high.
The apartment briefly comprises: a communal entrance, private entrance vestibule, spacious living room, separate kitchen, a good-sized double bedroom, and a modern bathroom. The layout, split across two levels, gives the home a lovely sense of space and character.
Call today!
HALLWAY
BATHROOM 2.45m (8' 0') x 1.22m (4' 0')
BEDROOM 4.02m (13' 2') x 2.59m (8' 6')
LOUNGE 4.52m (14' 10') x 3.57m (11' 9')
KITCHEN 3.45m (11' 4') x 2.29m (7' 6')
COUNCIL TAX
Online enquiries suggest the property lies in 'Band A'. Verbal enquiries can be made to North Yorkshire Council on 01723 232323.
SERVICES
Mains supplies of water, electricity, gas and drainage are connected to the property.
(Please note it is not company policy to test any services or appliances in properties offered for sale, and these should be verified by the purchasers)
TENURE / MAINTENANCE
The property is believed to be freehold. Nicholsons are the managing agents and the annual fee is ?1158.75 a year including building insurance, including the reserve fund. No ground rent is taken.
INSPECTION
Strictly by appointment through the agents
DISCLAIMER
These particulars are subject to constant review and updating. Comments under tenure, council tax, planning use and service availability are provided for guidance only and are not based on formal enquiry, which is outside the scope of our Agency instructions. It remains for purchasers to satisfy themselves as to the facts. We cannot therefore accept any responsibility for information provided in good faith which may subsequently require amendment. Measurements provided are approximate only and should not be relied upon for other purposes.
Starting Bid & Reserve Price
Please note this property is subject to an undisclosed reserve price which is generally no more than 10% in excess of the starting bid, both the starting bid and reserve price can be subject to change. Terms and conditions apply to the auction, which is powered by IAM Sold
Auctioneer's Comments
This property is for sale by the Modern Method of Auction, meaning the buyer and seller are to Complete within 56 days (the 'Reservation Period'). Interested parties personal data will be shared with the Auctioneer (iamsold).
If considering buying with a mortgage, inspect and consider the property carefully with your lender before bidding.
A Buyer Information Pack is provided. The buyer will pay ?300.00 including VAT for this pack which you must view before bidding.
The buyer signs a Reservation Agreement and makes payment of a non-refundable Reservation Fee of 4.50% of the purchase price including VAT, subject to a minimum of ?6,600.00 including VAT. This is paid to reserve the property to the buyer during the Reservation Period and is paid in addition to the purchase price. This is considered within calculations for Stamp Duty Land Tax.
Services may be recommended by the Agent or Auctioneer in which they will receive payment from the service provider if the service is taken. Payment varies but will be no more than ?450.00. These services are optional
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£183 per month
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Stamp Duty tax
These figures are estimates and are provided for guidance only
Stamp Duty Land Tax (SDLT) is a tax you might have to pay if you purchase a property or land. SDLT applies to properties above a certain price threshold. The amount you'll have to pay depends on the property's value and if you already own a property, or have done so in the past. If you are a first-time buyer, or you are purchasing multiple dwellings, you may be eligible for a discount (tax relief).
£0
Mortgage and legal costs:
£999
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