2 bed flat for sale

Warwick Road, Bounds Green N11

Summary
Offering an excellent investment opportunity, reflecting a Chain-Free opportunity to update and extend the existing 59-year lease, this 2 bedroom flat occupies the first floor of a period house, well located for Rail and Bus links, good local schools and excellent park and leisure facilities.

Description
Transport links are excellent with the flat being within approx 1/2 mile from both Bounds Green Piccadilly Line Underground Station (16 minutes to Kings Cross), and Bowes Park (Great Northern) Station (16 minutes to Moorgate). The property is also close to the A406 North Circular Road providing excellent road access to the M1 or around London and multiple local bus routes. The area is also extremely well served by Primary and Secondary Schools including St Martin of Porres Primary, Bowes Primary School, Laurel Park School.

With potential to update and extend (subject to relevant consents) the property presents a rare opportunity to add value in a sought-after residential location, whilst the asking price reflects the lease term of 59 years remaining, making it an attractive proposition for investors and cash buyers seeking a project with future potential

For leisure, the area abounds with parks and green spaces including Alexandra Palace & Park, Arnos Park & Bluebell Wood, whilst for shopping, the area is surrounded by multiple retail parks, and is within easy striking distance of Muswell Hill, Crouch End, Brent Cross, Wood Green, Bounds Green and Southgate.

Agent's Note: Please note that an aml fee is chargeable to the buyer once an offer is accepted to cover the cost of carrying out the required identity and anti-money laundering checks. Once these checks have been completed, the fee cannot be refunded, even if the purchase does not go ahead.

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 no more than £349 inc. VAT towards the preparation cost of the pack. Please confirm exact costs with the auctioneer. 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.

We currently hold lease details as displayed above, should you require further information please contact the branch. Please note additional fees could be incurred for items such as leasehold packs.

1. Money laundering regulations: Intending purchasers will be asked to produce identification documentation at a later stage and we would ask for your co-operation in order that there will be no delay in agreeing the sale.
2. General: While we endeavour to make our sales particulars fair, accurate and reliable, they are only a general guide to the property and, accordingly, if there is any point which is of particular importance to you, please contact the office and we will be pleased to check the position for you, especially if you are contemplating travelling some distance to view the property.
3. The measurements indicated are supplied for guidance only and as such must be considered incorrect.
4. Services: Please note we have not tested the services or any of the equipment or appliances in this property, accordingly we strongly advise prospective buyers to commission their own survey or service reports before finalising their offer to purchase.
5. These particulars are issued in good faith but do not constitute representations of fact or form part of any offer or contract. The matters referred to in these particulars should be independently verified by prospective buyers or tenants. Neither sequence (UK) limited nor any of its employees or agents has any authority to make or give any representation or warranty whatever in relation to this property.