Terraced house for sale in Madras Road, Ilford IG1

This is a great re-development opportunity for Cash Buyers Only.

The property is for sale by the Modern Method of Auction via Open Bidding, please ask if you require more information.

This mid terrace house off of Ilford Lane is currently split into a 1-bedroom and a 2-bedroom set of self-contained flats, with a communal entrance. The property is being sold as a singular freehold not independently.

The Ground Floor comprises of an open plan Kitchen/Living space, a double bedroom with bay window and a 3-piece bathroom suite. The garden is also accessed via this flat.

The First Floor comprises of a double bedroom, a single bedroom, a separate kitchen and a 3-piece bathroom suite.

The property is a great opportunity to redevelop and either turn into back into a family home, or with the right consents, splitting the title and making into 2 official leasehold properties subject to the correct planning permissions and licencing from the local authority.

Auctioneer 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.