Cromwell Lane
- Sale by modern auction (t apply)
- Subject to an undisclosed reserve price
- Buyers fees apply
- One bedroom maisonette
- Fitted kitchen
- Low service/ground rent
- Overlooking senneleys park
- No onward chain read more show less
- Years remaining: 104 years
- Current ground rent: £10
- Ground rent review period: Contact branch
- Annual service charge: £300
- Ground rent increase: Contact branch
Council Tax Band: A
Tenure: Leasehold
The property comprises in more detail: Entrance hallway gives access to the lounge, fitted kitchen, family bathroom and double bedroom. It also benefits from a long length lease and low service charge/ground rent.
This really is a great property both in its location, and the accommodation on offer, and is offered to the market with no onward chain. At such a highly discounted price, viewing this property is very highly recommended.
Auctioneer's Comments
This property is offered through Modern Method of Auction. Should you view, offer or bid your data will be shared with the Auctioneer, iamsold Limited. This method requires both parties to complete the transaction within 56 days, allowing buyers to proceed with mortgage finance (subject to lending criteria, affordability and survey).The buyer is required to sign a reservation agreement and make payment of a non-refundable Reservation Fee of 4.5% of the purchase price including VAT, subject to a minimum of £6600.00 including VAT. This 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 complete an identification process with iamsold and provide proof of how the purchase would be funded.
The property has a Buyer Information Pack containing documents about the property. The documents may not tell you everything you need to know, so you must complete your own due diligence before bidding. A sample of the Reservation Agreement and terms and conditions are contained within this pack. The buyer will also make payment of £300 inc VAT towards the preparation cost of the pack.
The estate agent and auctioneer may recommend the services of other providers to you, in which they will be paid for the referral. These services are optional, and you will be advised of any payment, in writing before any services are accepted. Listing is subject to a start price and undisclosed reserve price that can change.
Agent Note
The Council Tax Band is A. The length of the lease is 125 years from 11th August 2003. We are informed the annual ground rent is £10.00 and the annual service charge is £300.00.Entrance Hall
With storage cupboard.Lounge
9' 8" x 13' 4" ( 2.95m x 4.06m )Double glazed windows to the rear, with central-heating radiator.
Kitchen
7' 4" x 9' 8" ( 2.24m x 2.95m )Fitted kitchen with double glazed windows to the front, wall and base units, central-heating radiator, sink and drainer.
Bedroom
9' 5" x 13' 4" ( 2.87m x 4.06m )Double glazed windows to the rear, with central-heating radiator.
Bathroom
Double glazed windows to the front, with sink, w/c and bath with shower over.Use our handy mortgage calculator to estimate what your monthly repayments could be. Edit the fields below with the relevant details or, if you’d like a more accurate view on what your repayments could be, complete our mortgage enquiry form below and our Mortgage Consultant will be in touch.
* Terms and Conditions apply.
Mortgage enquiry
BIRMINGHAM
West Midlands
B17 9PP
LENDER FEES MAY ALSO BE APPLICABLE. IF YOU WOULD LIKE GUIDANCE ON THE RIGHT MORTGAGE FOR YOU, WE RECOMMEND SPEAKING TO ONE OF OUR MORTGAGE CONSULTANTS WHO WILL BE MORE THAN HAPPY TO HELP.
**THE 4.7% ANNUAL INTEREST RATE IS BASED ON THE CONNELLS GROUP AVERAGE MORTGAGE INTEREST RATE TAKEN FROM THE PERIOD OF 01/01/2024 – 01/03/2024 AND IS CORRECT AS AT 07/03/2024.
A LIFETIME FEE MAY BE PAYABLE UPON MORTGAGE APPLICATION AS WELL AS AN ADMINISTRATION FEE. THE TOTAL FEE PAYABLE WILL DEPEND ON YOUR CIRCUMSTANCES. YOUR MORTGAGE CONSULTANT WILL EXPLAIN ANY FEES APPLICABLE IN YOUR INITIAL APPOINTMENT.
ALL MORTGAGES ARE SUBJECT TO STATUS AND LENDER CRITERIA. MOST BUY TO LET MORTGAGES ARE NOT REGULATED.