Mercers Row, St Albans, AL1
Last updated bid: No bids fees applyLast updated 27/04/2024 at 17:25
Auction time left: 9 days
- PROPERTY TYPE
Studio
- BATHROOMS
1
- SIZE
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Key features
- For Sale by Modern Auction
- Subject to Reserve Price & Reservation Fee
- Open plan living space
- 959 years remaining on the lease
- Communal parking
- Close walking distance to Abbey Station and City Centre
- 2nd Floor apartment
- Previously rented for £725pcm
Description
This property is for sale by Modern Method of Auction powered by iamsold LTD - Starting Bid £120,000 + Reservation Fee. A well-presented 2nd floor studio flat situated in a convenient location on this popular modern development. The property is within a short walk to the Abbey Station, just over one mile to the City Centre and less than a mile and a half to the City train station with excellent views of St Albans Cathedral from all windows. The property was previously rented for £725pcm last year, currently i would expect to rent for £775-£800 PCM.
The accommodation briefly comprises welcoming entrance hall with a built-in cupboard, three-piece bathroom suite (consisting of a wash hand basin, W/C and bath with shower over) plus open plan kitchen/living space with fitted wardrobe. The kitchen has an electric cooker, a washing machine/dryer and fridge. Fully double glazed and brand new carpet throughout.
Other features include residents parking, an entryphone system and further storage in the loft space.
You will also find shops and supermarkets nearby as well as easy access to Verulamium Park and Westminster Lodge Leisure Centre.
Lease Information
Length of Lease - 959 years
Expiry date of the Lease: 14/01/2984
Ground rent - £50 per annum
Service charge - £739.00 per six months
This property is for sale by the Modern Method of Auction. Should you view, offer or bid on the property, your information will be shared with the Auctioneer, iamsold Limited 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 (for standard Grade 1 properties). This additional time allows 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. 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 iamsold 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 including VAT towards the preparation cost of the pack, where it has been provided by iamsold. The property is subject to an undisclosed Reserve Price with both the Reserve Price and Starting Bid being subject to change.
Referral Arrangement
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.
EPC rating: B. Tenure: Leasehold,Tenure: Leasehold You buy the right to live in a property for a fixed number of years, but the freeholder owns the land the property's built on.Read more about tenure type in our glossary page.
GROUND RENTA regular payment made by the leaseholder to the freeholder, or management company.Read more about ground rent in our glossary page.
£50 per year
ANNUAL SERVICE CHARGEA regular payment for things like building insurance, lighting, cleaning and maintenance for shared areas of an estate. They're often paid once a year, or annually.Read more about annual service charge in our glossary page.
£1586
LENGTH OF LEASEHow long you've bought the leasehold, or right to live in a property for.Read more about length of lease in our glossary page.
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Council TaxA payment made to your local authority in order to pay for local services like schools, libraries, and refuse collection. The amount you pay depends on the value of the property.Read more about council tax in our glossary page.
Band: B
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Mercers Row, St Albans, AL1
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- St. Albans Abbey Station0.2 miles
- St. Albans Station0.8 miles
- Park Street Station1.3 miles
About the agent
Northwood, St Albans
48 London Road, St. Albans, AL1 1NG
At Northwood St Albans we understand that dealing with property is as much about personal rapport and the relationship you build with clients as it is about market knowledge and expertise. After all, when you are putting your home or a sizeable investment property in someone else’s hands it is critical you have one key thing in your agent… trust.
That’s why the team at Northwood works very hard to build this trust and why we are so committed to looking after our clients. We are here to
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Visit our security centre to find out moreDisclaimer - Property reference P1521. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Northwood, St Albans. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.
Auction Fees: The purchase of this property may include associated fees not listed here, as it is to be sold via auction. To find out more about the fees associated with this property please call Northwood, St Albans on 01727 222084.
*Guide Price: An indication of a seller's minimum expectation at auction and given as a “Guide Price” or a range of “Guide Prices”. This is not necessarily the figure a property will sell for and is subject to change prior to the auction.
Reserve Price: Each auction property will be subject to a “Reserve Price” below which the property cannot be sold at auction. Normally the “Reserve Price” will be set within the range of “Guide Prices” or no more than 10% above a single “Guide Price.”
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