Guide price
£120,000
2 bed flat for saleHollies Lane, Salford M5
2 beds
1 bath
1 reception
EPC Rating: C
About this property
***for sale by modern auction – T & c’s apply***
Subject to reserve price - buyers fees apply
Prime Salford Location Close To Mediacityuk & Salford Quays
Bright Open Plan Living Space With Large Windows
Modern Fitted Kitchen With Integrated Appliances
Two Well-Proportioned Bedrooms
Master Bedroom With Fitted Wardrobes
Sleek, Contemporary Bathroom Suite
Allocated Parking Within A Private Development
Chain-Free & Ready To Move Straight Into
Additional Information
This property is leasehold with a long 999-year lease from 1st June 2007. The ground rent is £100 per annum (paid to Landmark Collections Ltd £50 every six months), with a service charge of £3,500 per annum. Situated within Salford, the property falls under council tax band B, with an annual charge of approximately £1,907. It holds an EPC rating of C and offers a floor area of 51.7m2 (556.49ft2). The property is electrically heated and was built in 2009. Externally, it benefits from allocated parking and is located on a private road.
Auctioneer Comments
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 £349 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 Arrangements
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.
Mortgage calculator
£600 per month
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The monthly repayments provided are estimates and should be used as a guide only. The actual amount you can borrow will depend on your personal financial situation and subject to a full application. For a more precise estimate, please use the Mojo mortgage calculator. Your home or property may be repossessed if you do not keep up repayments on your mortgage.
More information
Tenure
Leasehold (980 years)
Service charge
£3,500 per year
Council tax band
B
Ground rent
£100
Ground rent date of next review



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