2-bed apartment, Highgate, Londonpublic: pre-booking
value guide: £auction id: rls-higt5648
minimum bid: £
Seat prices include 17.5% value added tax.
Users located outside the European Union are not charged this tax.
Users located outside the European Union are not charged this tax.
2 bed apartment, Highgate, London
This lovely two bedroom conversion apartment
is set within a detached period house. It is located in a quiet tree-lined
street in the popular North London suburb of Highgate.
The apartment has its own entrance and a secluded,
beautifully maintained garden.
The property features a generous reception room with direct access to a private patio;
two double bedrooms, family bathroom and fully fitted kitchen.
Tenure: Leasehold with 114 years remaining
Approximate Service Charge: £1600 per year
The property is let, shorthold tenancy agreement
details are as follows: -
- rental income: unfurnished £1,430 pcm;
- agreement commenced: November 1st, 2008;
- duration: 12 months;
- vacant possession: notice can be given after 6 months of the agreement
Amenities & Transport
Ideally located for the amenities of Highgate Village, Crouch End and Highgate Underground station.
London Underground's Highgate Northern
line station is 5 minutes walk away.
Journey time to the West End or the
City is approximately 30 minutes.
There are several excellent green spaces
nearby including Highgate Woods, Queens Woods, Hampstead Heath and Waterloo
Park.
Highgate, Crouchend and Muswell Hill
are all within 15 mins walk, giving access to cinemas, shops and a wide range
of restaurants and bars.
This auction is featured in the Win a House Competition Directory
£10,000 will be donated to the charity Business Action on Homelessness.
Business Action on Homelessness is a charity which aims to break the vicious cycle of 'no job, no home' by
helping homeless people to find employment and live independently.
It works
with people who are 'ready for work' but lack confidence and have often been
out of the workplace for a long time.
Around 2700 people have taken steps
to employment and begun to change their lives through the programme.
please note:
- up to £2,000 for legal fees included
- should you wish to sell or let this property on purchase we can provide details of local estate/letting agents
- these details were provided to us by the owner and are believed to be correct but their accuracy is not guaranteed nor do they form part of any contract
- the market and rental valuations for this property are indicative and do not constitute a guaranteed resale price or rental income
- the property will not be provided furnished, notwithstanding any standard appliances and/or fittings already in place e.g. bathroom fittings; fitted kitchen etc.
- no guarantees are provided as to the working condition of any appliances, fittings, heating or electricity systems or utilities in the property offered within this auction
- if you wish a copy of the HIP please email us via our contact us page for instructions
- terms & conditions apply
What about the Alternatives?
Buying a £400,000 property in a conventional UK Property
Auction
If you win, you must pay 10% deposit (£40,000) immediately
and complete the sale, paying the remaining 90% (£382,500), within 28 days.
humraz You have 6 weeks to complete, you
do not pay for the property and you have up to £2,000 to help with legal
fees.
Once you win, you are locked into the purchase, therefore
you should make sure that financing is in place and there is nothing legally
or physically wrong with the property before the auction starts. (Typical costs
£1,000 - £3,000.)
humraz These precautions are not relevant.
If you change your mind after you win, you lose your
deposit (£40,000) and could be sued.
humraz
There is no penalty for changing your mind.
If the reserve is not met, or the property is withdrawn,
after you have paid to arrange a mortgage and completed surveys and legal checks,
you may have wasted £1,000 - £3,000.
humraz If the auction does not take place,
there is NO CHARGE.
If someone
else wins, you may have wasted £1,000 - £3,000 on mortgage arrangement
fees, surveys and legal checks.
humraz You will only have spent the price of
a seat in the auction, for most people this will be £35.
The UK National Lottery & Euromillions
National Lottery (35 £1 tickets) - odds of 1 in 66,589 of winning £100,000
Euromillions (24 £1.50 tickets) - odds of 1 in 232,830 of winning £200,000
Euromillions (24 £1.50 tickets) - odds of 1 in 232,830 of winning £200,000
humraz is NOT
a game of chance; but your chances of success are... 1
in approx. 16,000
'Pay per Bid' Reverse Auctions
You could pay anything from £1 to £25 for each bid
placed; 100 bids would cost from £100 to £2,500.
humraz Pre-booked seats in this auction cost
£35, you do not pay for each bid you place.
Anyone prepared to pay for more bids than you has an advantage over you.
humraz Allows only one seat per user per auction;
seats in this auction can place up to 100 bids.
Limited information, if any, provided about the status of your bid.
humraz Live information
is displayed via the custom-built auction console including bid status
(unique/not unique), direction of bidding, a leader board and the progress
of the auction.
If not enough bids are placed, you may be offered a
lower value 'prize' or you receive 'credits' to bid in another auction.
humraz You pay ONLY if there are enough bidders.
You typically
have to wait for the winner and the winning bid to be announced by the operators.
humraz The winning bid and bidder are instantly visible on auction close.
Other Property Prize Competitions
If not enough entries are sold, the prize may be a
much lower value cash alternative based on the number of entries sold less
35% costs.
humraz You pay ONLY if there are enough bidders.
If there are multiple correct entries, success is based
on a random draw or a subjective evaluation of a tie-breaker.
humraz Winning is not based on chance or subjective selection by others.
Anyone prepared to pay for more entries than you has
better odds of winning than you.
humraz Allows only one seat per user per auction
- our auctions are a "level playing field"
You typically have to wait for the winner to be announced
by the operators.
humraz The winning bid and bidder are instantly visible on auction close.