Situated south of the Billericay town centre is this vacant one bedroom maisonette offering spacious rooms and private rear garden measuring in excess of 70'. The property is in need of a modern bathroom, kitchen and general decoration in order to achieve it's full potential market value. It is considered that a market value for the refurbished property could range between £200,000 and £230,000 depending on the level of works undertaken
Leasehold
There is a buyers fee of £500+vat to be paid by the buyer at the point of exchange of contracts
Entrance Hall
First Floor Landing
Lounge - 12'6 x 11'7
Kitchen - 8'3 x 8'1
Bedroom - 11'10 x 10'
Bathroom - 8' x 6'6
Rear Garden
The property is subject to a lease of 125 years from the 7th February 1983.
By appointment with the Auctioneers.
This property is to be sold under Auction conditions. The highest bidder above the reserve will legally exchange contracts and will be required to transfer the 10% deposit and buyers fee stated instantly. All bidders will need to be authorised to bid by a member of our Auction team. Please call 01702 311010 to find out how to do this.
FOR SALE BY ONLINE AUCTION. BIDDING DAY WILL BE FROM 8AM ON THE 15TH AUGUST TILL 8PM THE SAME DAY. FOR HELP REGISTERING PLEASE CALL 01702 311010
* Generally speaking Guide Prices are provided as an indication of each seller's minimum expectation, i.e. 'The Reserve'. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Virtually every property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide.
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When the auction is open, you can place bids in line with the pre-determined bid increment levels using the bid increase (+) and bid decrease (–) buttons provided.
Every time you place a bid you will be asked to confirm your bid before submitting it, and you will be clearly shown on the screen whether your bid was successful.
A full list of all bids placed is displayed in the bid history table.
You are not restricted to placing a bid at the minimum bid amount, but can instead increase your bid and place a maximum (proxy) bid in the system. By setting a maximum bid, the system will automatically bid on your behalf to maintain your position as the highest bidder, up to your maximum bid amount. If you are outbid, you will be notified via email so you can opt to increase your bid if you so choose. You also have the option to decrease your proxy bid.
If two or more users place identical bids, the bid that was placed first takes precedence, and this includes proxy bids.
Virtually every lot is sold subject to a reserve price (the minimum price that the auctioneer is authorised to sell for). When you submit a maximum bid, the actual bid placed by the system will depend on whether the reserve price has been met, as defined below.
If your maximum bid is below the reserve price
If your maximum bid is at or above the reserve price
NB : Your maximum bid is kept completely confidential – it's presence or amount are not disclosed to the auctioneer, vendor or any other bidder.
The online auction will close as per the advertised 'End Date'. However, if a bid is placed within the final 30 seconds of the auction's scheduled end time, the auction will be extended by an additional 30 seconds – known as the 'bidding extension window'.
If a bid is placed in the 'bidding extension window', the countdown clock will immediately reset to 30 seconds again, and the auction will only finish when an entire 30 second bidding extension window passes without any further bids being placed, i.e. 30 seconds of 'bidding silence'.")
NB: Do not leave placing your bid to the last few seconds. It gives you no advantage, you risk your bid not being received by the server in time and you could lose the lot to another bidder.
NB: Please note that the way the bidding works may vary slightly from auctioneer to auctioneer. We strongly advise you to read the bidding guide for any auction you plan to bid on.
By setting a proxy bid, the system will automatically bid on your behalf to maintain your position as the highest bidder, up to your proxy bid amount. If you are outbid, you will be notified via email so you can opt to increase your bid if you so choose.
If two of more users place identical bids, the bid that was placed first takes precedence, and this includes proxy bids.
Another bidder placed an automatic proxy bid greater or equal to the bid you have just placed. You will need to bid again to stand a chance of winning.
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