£144,000

2 bed flat for sale in Barrack Road, Christchurch, BH23 (ref: 570888)

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**ONLINE AUCTION**CASH BUYERS ONLY** Introducing a 2-bedroom first-floor flat situated above commercial premises on Barrack Road. Accessible via a private entrance, this residence boasts a bright and welcoming atmosphere with a generously laid-out floor plan. The accommodation comprises a separate modern kitchen, a spacious lounge diner, a large master bedroom to the rear, a versatile second bedroom/study, and a family bathroom equipped with both bath and shower facilities.

Located in the popular Christchurch locale, this property offers convenience with a short walk to Christchurch Retail Park, local convenience stores, nearby train links, and the vibrant Christchurch High Street. The historic Priory is also within easy reach.

Key features include gas central heating and double glazing, ensuring comfort and energy efficiency. The property is presented with vacant possession, ready for the next owner to make it their own. This property would equally appeal as an investment with a rental valuation of approx £1100 which represents a good return on investment

.

Important details for prospective buyers:

Sale Method: Auction

Cash buyers: Mortgage products so far have been unavailable due to being above fast food commercial, shared right of access and non standard construction methods.

Leasehold: 150 years

Ground Rent: £0

Service Charges: As and when

Insurance: £290 per annum

Parking: None

This property is an ideal opportunity for those seeking a well-appointed residence in a sought-after location, offering a blend of modern living and local amenities.

This property is being sold by conditional online auction. Unlike a private treaty sale (i.e. private negotiated sale), the property will be sold via an online auction and at the end of the auction, the highest bidder and seller contractually commit to progress the sale (which remains subject to contract) within a specified period, giving both parties commitment and more certainty that the transaction will proceed.

To see the current highest bid price, auction end date or length of exclusivity period, or, to log in or register to bid, please visit the property page on the agent's own website.

The auction bidding window will end at the time and date stated on this property's page on the agent's website. At that point, a reservation fee will be paid by the highest bidder, giving them an exclusive period of time in which to exchange contracts and complete the transaction, during which the seller agrees not to take steps to sell the property to anyone else. The reservation fee is non-refundable and for this property is £4,800.00 Inclusive of VAT. Reservation Fees do not contribute towards purchase prices (or deposit payments), although they will be considered as part of the chargeable consideration for the property in the calculation of stamp duty liability.

Occasionally, the seller of the property may charge additional fees, listed in the Special Conditions of Sale, which will be available to view within the Legal Pack. We strongly recommend that you read the Legal Pack carefully before bidding and obtain independent legal advice, where necessary.

Contracts do not exchange immediately at the end of the auction period and can take place when you are ready, also allowing you time to raise a mortgage if you require one. The exclusivity period granted to the highest bidder is, however, time limited (note the length of this period will vary from property to property) and should you not exchange contracts and complete the transaction within this period, the seller shall be entitled to take steps to sell the property to a third party. The exclusivity period for this property is 56 days from the end of the auction. If you feel that you would require more time than this, please enquire with the agent before you place a bid, as the seller may be able to offer some flexibility.

Each property sold is subject to a reserve price - only offers in excess of the reserve price shall be accepted. The reserve price will be within 10% of the guide price. The guide price is provided as an indication so that a bidder can consider whether or not to pursue their interest.

All of our conditional online auctions are subject to our Bidder Terms, available at https://www.landmark.co.uk/wp-content/uploads/2023/03/Optimus-Bid-Bidder-Terms.pdf

NB – if you are interested in placing a bid for this property, you will need to register on the Auction Website via the link in the Bidding Window. There are several steps to complete for the registration including an ID check. It is recommended that you register asap to avoid disappointment but please note that bidder registration closes 24 hours before the end of the auction.

What this property offers

  • Parking and/or Driveway

Stamp duty due

Based on a sale price of £144,000 the total amount of stamp duty payable will be:

*

Last updated: The calculator has been updated to reflect changes in stamp duty following the Mini Budget on 23rd September 2022.

* This value is based on the standard rate and not applicable to first-time buyers or buy-to-let / second home buyers.

15 Property Images

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Further details

  • Status: Available
  • Council tax band: B
  • Council tax amount: £1593
  • Tenure: Leasehold
  • Tags: Parking and/or Driveway
  • Reference: 570888

Location

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