Welch Way, Witney, Oxfordshire, OX28

**To be sold via Secure Sale online bidding through Online Auction. Terms & Conditions apply. Starting Bid £135,000 (TBC). Buy it now option likely to be available. Buyer's fees apply.*

THE PROPERTY:

Immaculate 2 bed flat with allocated parking.

Fully compliant

Gross yield 10%

Immediate vacant possession

Anticipated start bid c £135,000 - TBC

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This property is being prepared for sale by Online Auction. The Online Modern Method of Auction is a flexible buyer friendly method of purchase. The purchaser will have 56 working days to exchange and complete once the draft contract is received by the buyer’s solicitor (or 10 working days after receipt of the buyer’s premium, whichever is earlier). Allowing the additional time to exchange and complete on the property means interested parties can proceed with traditional residential finance. Upon close of a successful auction or if the vendor accepts an offer during the auction, the buyer with be required to put down a non-refundable reservation fee. The fee will be a fixed fee including the VAT, this secures the transaction and takes the property off the market. The buyer will be required to agree to our terms and conditions prior to solicitors being instructed. Copies of the Reservation form and all terms and conditions can be found on the online Auction website or requested from our Auction Department.

Please note this property is subject to an undisclosed Reserve Price which is typically no more than 10% in excess of the Starting Bid. Both the Starting Bid and Reserve Price can be subject to change. Our primary duty of care is to the vendor. Terms and conditions apply to the Modern Method of Auction, which is operated by an independent Auction Houses.

West Oxfordshire District Council - Tax band C
Tenure: Leasehold with remainder of a 125 year lease granted New Years Day, 2009.
Outgoings: Ground Rent - £300 per annum (1 Jan to 31 Dec each year – invoiced in advance in November). Doubles every 21 years with next increase due 2030. Service Charge paid half yearly in advance in December (most recent - £994.59) and June (most recent - £1,191.99) – most recent total for the year £2,186.50.

We are required by law to conduct anti-money laundering checks on all those selling or buying a property. Whilst we retain responsibility for ensuring checks and any ongoing monitoring are carried out correctly, the initial checks are carried out on our behalf by Lifetime Legal who will contact you once you have agreed to instruct us in your sale or had an offer accepted on a property you wish to buy. The cost of these checks is £75 (incl. VAT), which covers the cost of obtaining relevant data and any manual checks and monitoring which might be required. This fee will need to be paid by you in advance of us publishing your property (in the case of a vendor) or issuing a memorandum of sale (in the case of a buyer), directly to Lifetime Legal, and is non-refundable. We will receive some of the fee taken by Lifetime Legal to compensate for its role in the provision of these checks.