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National Residential
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54 Hewetts Quay Estate, Abbey Road, Barking, IG11 7BH

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2 Bedroom, Flat

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Property Details

  • Description
  • How It Works
  • Investment Finance

Seize city living at its finest - Your gateway to modern comfort and urban convenience awaits in Barking's premier gated community

National Residential present an exceptional opportunity within the coveted Hewetts Quay, Abbey Road. Embrace the comfort and convenience of this 2-bedroom, first-floor flat nestled within a gated community.

This exceptional property is leasehold for 125 years starting from September 1, 2002, leaving an impressive 104 years remaining. With a ground rent of £175 per annum and a monthly service charge of £228.60, alongside its council tax band C designation, this residence presents an enticing prospect for both first-time buyers and savvy investors.

Comprising an inviting layout, the property features a communal entrance with an entry phone system, leading to a communal staircase accessing the first floor. Within, discover an open-plan lounge and dining area complemented by a kitchen, complete with a balcony that extends the living space. This home further offers a main bathroom, two bedrooms (one with an en-suite shower room), heating facilities, serviced lifts, and the added convenience of allocated parking.

The development ensures security with electronic gates safeguarding the premises, and each resident benefits from an allocated car parking space, managed under a permit-controlled system.

Situated within walking distance of Barking town centre and its mainline station, revel in the ease of direct access to the City of London in a mere 15 minutes. Indulge in local favourites such as the Boathouse Café, Boathouse Studios, and the proximity of a substantial Asda supermarket and Barking Shopping Centre, catering to your daily needs.

Barking, with its strategic positioning, offers a vibrant blend of local amenities and effortless connectivity. Explore the pulse of the city mere minutes away via the nearby train station, creating a seamless link to the bustling urban core.

Take a closer look at the property through our video tour, and schedule your viewing today to experience the allure of this offering. Viewings are highly recommended to appreciate the potential this residence holds, whether as your future home or a lucrative investment opportunity.

For further information or to arrange a viewing, contact our dedicated specialist sales advisor.
Please note: As with any property purchase, we strongly advise thorough examination of the lease agreement, including ground rent and potential escalation clauses. Seek guidance from qualified solicitors or legal experts to ensure a comprehensive understanding of the lease's terms and obligations, empowering you to make an informed decision.

Your future in this desirable location awaits – seize the opportunity today!

Details

  • Bedrooms: 2
  • Tenure: Leasehold

This property is ONLY available for purchasers who are NOT in a chain.

**This property is for sale by the Modern Method of Auction which is not to be confused with traditional auction. The Modern Method of Auction is a flexible buyer friendly method of purchase. We do not require the purchaser to exchange contracts immediately but grant 56 days to exchange and complete. This additional time to exchange 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 will be required to put down a non-refundable deposit of 2% (minimum of £5,000), which secures the transaction and takes the property off the market.

The buyer will be required to sign a purchasers agreement to confirm acceptance of terms prior to solicitors being instructed. Please note this property is subject to an undisclosed reserve price which is generally no more than 10% in excess of the Starting Bid, both the Starting Bid and reserve price can be subject to change.

Terms and conditions apply to the Modern Method of Auction and can can be viewed in full here.

 

Buyers - How it works

The Online National Residential Agency modern auctions enable buyers to make and monitor offers online 24 hours a day from any internet connected device. We ensure that buyers get a fantastic service and have the best possible opportunity to buy the property they want at a discounted price, quickly.

We market all properties at attractive 'Offers Over' prices to encourage a viewings and to achieve quick sale within 28 days. We send regular weekly SMS messages to remind buyers of the current highest offers and the Best and Final date therefore ensuring buyers have every opportunity to make and increase their bid at any time and not to miss out on a great property.

PLEASE NOTE: The end date is not fixed and if an acceptable offer is made beforehand then it may be accepted and the property withdrawn from sale so it is advised to make your offer as soon as possible.

  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. These particulars do not constitute part or all of an offer or contract.
  3. Any measurements indicated are supplied for guidance only and as such must be considered incorrect.
  4. Potential buyers are advised to recheck the measurements before committing to any expense.
  5. National Residential has not tested any apparatus, equipment, fixtures, fittings or services and it is the buyer's interests to check the working condition of any appliances.

*By making an enquiry on this property you acknowledge that this property is strictly offers in excess of the marketing price provided. The market appraisal of this property has indicated a value in excess of our marketing price. As a consequence, and similar to any other vendor, the vendor is aiming to achieve as much as possible in excess of this marketing price provided.

**Please note this property is subject to an undisclosed Reserve Price which is generally no more than 10% in excess of the Starting Bid. Both the Starting Bid and Reserve Price can be subject to change. Terms and conditions apply.

 

Properties With A Short Leasehold

Where a property is being sold with a short lease, the property can be purchased with either a short lease or with an extended lease, subject to buyer preferences and the offer price made. The starting bid will be set 10% below the cash price required to purchase with a short lease. Mortgage buyers who require a purchase with an extended lease must make a higher bid as this must also include the additional premium required to pay for the lease to be extended before completion. The cost of the lease premium can vary depending on the length the lease is to be extended and on negotiation with the purchaser and freeholder and whether the lease is to be extended by mutual agreement with the Freeholder or via the Statutory Route. Therefore, buyers must contact a member of the sales team to discuss this is greater detail.

Would you like to take advantage of one of Landlord Sales Agencies opportunities but lack the capital?

Scorpion Capital can help you raise the funds required to progress deals from us and other providers!

They can provide immediate offers for all finance and are a trusted partner of Landlord Sales Agency because of the excellent service they provide.

FUNDING! SAME DAY TERMS!

  • BMV Bridge
  • Quick Bridge
  • Same Day Terms
  • 2nd Charge Bridge
  • Purchase & Refurb Bridge

Whether you're seeking funding for a new or existing development, a quick bridge, refinancing existing debt or require a complex financial structure our team will provide expert guidance and solutions tailored to your specific requirements.

Find out more (opens in new window)


 

Request Details / Arrange a Viewing



 
The Online National Residential Estate Agency.
1 Hunters Walk
Canal Street
Chester
CH1 4EB

T: 01244 341066

Online bidding ends in:
Current bid is £257,000

No more bids can be made online as the best and final date has passed. However, we may still accept bids by telephone as we qualify the buyer's financial position.

Please call 01244 341066 if you wish to submit a telephone bid.

Online Bidding ends at 7pm on 23/01/2024

Time left(Ended)

   View legal pack
  • Land Registry - LH
  • Title Plan - TP
  • Official Copy of Lease
  • EICR (redacted) - EICR
  • AST (redacted) - AST
  • Rent Schedule (redacted) - Rent schedule
  • Sellers Questionaire - Sellers Questionnaire
  • Freehold - Land Reg
  • Freehold - title plan

   View EPC
   View this property on Rightmove
   Example Purchasers Agreement
   Property Buyer’s Brochure
   Online Bidding Terms & Conditions

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