1 bed flat for sale

Lavant Court, Petersfield, Hampshire GU32

Being sold via ‘Secure Sale’ | Immediate ‘exchange of contracts’ available | Double bedroom with built in wardrobes | Lounge with patio doors | Retirement apartment with private door leading to communal garden | Minimum age requirement of 60 years

Being sold via Secure Sale online bidding. Terms & Conditions apply. Starting Bid £65,000.

This property will be legally prepared enabling any interested buyer to secure the property immediately once their bid/offer has been accepted. Ultimately a transparent process which provides speed, security and certainty for all parties.

A nicely presented and very comfortable ground floor retirement apartment that is located in a convenient position on the edge of Petersfield town centre and within 200 yards of the main line station serving London Waterloo. A local supermarket is conveniently located opposite. Having been in the current owner's possession since 2010 this bright and spacious property has benefitted from improvement including the installation of a new kitchen and shower room. Furthermore, the double glazed windows were replaced as well as the electric heating system.

This very popular development for those aged 60 and over further benefits from a pleasant communal lounge with kitchen facilities and has comfortable chairs and tables to entertain your guests or simply enjoy the company of the other residents. A laundry room with several washing machines is available for residents use and a guest suite is available for resident's guests to stay in overnight. A warden is based on site at certain periods throughout the week.

Lavant Court is conveniently located within walking distance to Petersfield High Street and railway station. The highly desirable market town has a mainline station which provides frequent services into London Waterloo in just over an hour. The town provides extensive shopping facilities as well as a superb selection of coffee shops, pubs and restaurants. Transport links are excellent with the A3 providing fast and direct road access to London, the M25, the international airports of Southampton, Gatwick and Heathrow as well as the south coast.

Sporting facilities are excellent, with racing at Goodwood, polo at Cowdray Park, sailing at Chichester Harbour and golf at Liphook, Hindhead, Cowdray Park and Goodwood. The surrounding countryside is beautiful and provides many excellent opportunities for walking and riding, with an array of wonderful footpaths and bridleways within a short walk or drive.

Services: Electric heating, mains drainage, mains water.

Lease : 125 years from 1987.

Ground rent: £439.00 p.a.

Service charge: £2717.52 p.a.

Council tax: East Hants district council. Band B. £1736 for 2024/25

auctioneers additional comments Pattinson Auction are working in Partnership with the marketing agent on this online auction sale and are referred to below as 'The Auctioneer'.

This auction lot is being sold either under conditional (Modern) or unconditional (Traditional) auction terms and overseen by the auctioneer in partnership with the marketing agent. The property is available to be viewed strictly by appointment only via the Marketing Agent or The Auctioneer. Bids can be made via the Marketing Agents or via The Auctioneers website.

Please be aware that any enquiry, bid or viewing of the subject property will require your details being shared between both any marketing agent and The Auctioneer in order that all matters can be dealt with effectively.

The property is being sold via a transparent online auction.

In order to submit a bid upon any property being marketed by The Auctioneer, all bidders/buyers will be required to adhere to a verification of identity process in accordance with Anti Money Laundering procedures. Bids can be submitted at any time and from anywhere.

Our verification process is in place to ensure that aml procedure are carried out in accordance with the law.

The advertised price is commonly referred to as a 'Starting Bid' or 'Guide Price' and is accompanied by a 'Reserve Price'. The 'Reserve Price' is confidential to the seller and the auctioneer and will typically be within a range above or below 10% of the 'Guide Price' / 'Starting Bid'.

These prices are subject to change.

An auction can be closed at any time with the auctioneer permitting for the property (the lot) to be sold prior to the end of the auction.

A Legal Pack associated with this particular property is available to view upon request and contains details relevant to the legal documentation enabling all interested parties to make an informed decision prior to bidding. The Legal Pack will also outline the buyers' obligations and sellers' commitments. It is strongly advised that you seek the counsel of a solicitor prior to proceeding with any property and/or Land Title purchase

auctioneers additional comments In order to secure the property and ensure commitment from the seller, upon exchange of contracts the successful bidder will be expected to pay a non-refundable deposit equivalent to 5% of the purchase price of the property. The deposit will be a contribution to the purchase price. A non-refundable reservation fee up to 6% inc VAT (subject to a minimum which could be up to £7,200 inc VAT) is also required to be paid upon agreement of sale. The Reservation Fee is in addition to the agreed purchase price and consideration should be made by the purchaser in relation to any Stamp Duty Land Tax liability associated with overall purchase costs. Both the Marketing Agent and The Auctioneer may believe necessary or beneficial to the customer to pass their details to third party service suppliers, from which a referral fee may be obtained. There is no requirement or indeed obligation to use these recommended suppliers or services.

Rental information For purchasers considering this property as an investment opportunity, we believe it has the potential to achieve a rental income of approximately £875 per calendar month, based on current local market conditions. At this level, the property could offer an estimated gross rental yield of around 16%, making it an attractive prospect for buy-to-let investors. Prospective buyers are advised to carry out their own due diligence and obtain independent rental valuations if required.