2 bed flat for sale

Scholefield Road, London N19

2 Bedroom, Duplex Flat, 33 Scholefield Road, Upper Holloway, London, N19 3ES

Overview

Hammer Price Homes are pleased to present for sale by online auction this 2 bedroom duplex flat in Holloway, London. This auction is open to mortgage buyers with 90 days to complete.

The flat is set out across the second and third floor and comprises of a living room, kitchen, 2 bedrooms, a bathroom and separate WC.
Outside there is a small balcony at second floor level.

The property offers a blank canvas for somebody looking to put their own stamp on a property and presents a good opportunity for both home buyers and investors.
Whilst we welcome mortgage buyers to take part in the auction, if you are looking to finance the property through a traditional mortgage then please ensure that you have a mortgage in principle approved for the amount you are bidding.

To view the property please visit the Hammer Price Homes website, register as a buyer and book in for a viewing.

Location

The property is surrounded by a plethora of shops, bars, restaurants, and local conveniences along Holloway Road. With convenient access to various bus routes, commuting to and from the city is easy. Plus, the proximity to Archway tube station (Northern Line) and Upper Holloway Road Overground station ensures seamless connectivity for daily travel needs.

Tenure

Tenure - Leasehold (83 years remaining) – Land Registry documents are available for download from the Hammer Price Homes website.

Service Charge: Estimated costs for services for 2024/2025 = £2642.50 per annum (For period 1st April 2024 to 31st March 2025) as detailed in the Leasehold Sell-On Pack (LPE1). Service charge accounts for year end 2023 - 2024 and 2022 – 2023 are listed in the Leasehold Sell-On Pack (LPE1) form and available for download from the Hammer Price Homes website.

Ground Rent: £10 per annum

Freeholder Information: The Mayor & Burgeses of The London Borough of Islington

Management pack information – Leasehold Sell-On Pack (LPE1) has been obtained from the Freeholder and contains useful information regarding the rules and charges etc. Please note that any arrears relating to the current owner will be settled by the solicitor handling the probate administration on completion. Arrears will not pass to the buyer. The Leasehold Sell-On Pack (LPE1) and other supporting documents are available for download from the Hammer Price Homes Website

Section 20 notice: Please note a Notice of Intention to carry out
qualifying works under a qualifying long-term agreement which has been sent to leaseholders for Works to damaged section of roof on side of 17-47 Scholefield Road (please see documents available for download on the Hammer Price Homes Website).

The estimated contribution towards the costs of these works is £353.05 per Leaseholder. Please see uploaded LPE1 form for further details.

Lease: A copy of the lease dated 10.02.1992 and other Land Registry documents are available for download.

Prospective buyers are to obtain their own independent legal advice in relation to the Property, the Tenure and Management information prior to taking part in the auction.

Other information

The Administrator / Solicitor dealing with the estate has never lived at the property and therefore has limited knowledge. The below information has been provided to the best of our knowledge and should not be relied on in full. Please note due to the nature of the property some of the services may be isolated.

Council Tax Band – C
EPC Rating – D
Utilities:
Primary source of Water Supply: Assumed Mains
Primary source of Electricity Supply: Assumed Mains
Primary source of Gas Supply: Information Unknown
Source/s of heating: Community Scheme

Primary arrangement for Sewerage/Drainage: Due to the property being on a residential street, it is assumed that it is connected to a public sewer.

Searches

Searches have been ordered and will be made available for download from the Hammer Price Homes website prior to the bidding taking place. The winning bidder will be required to pay for the search pack which is £300 (Inc. VAT), this is payable at the same time as the reservation fee. Prospective buyers are to review all searches available prior to bidding.

Auction Details

** Open for mortgage buyers. 90 days to complete**

Auction ends – Wednesday 17th September 2025 at 1:30pm (Subject to anti-sniping).
Bidding Window Opens – Monday 15th September 2025 at 12:00pm (Bidding will not be possible until this time).
Starting price - £280,000 (Reserve price is higher & unpublished, typically the starting price will be 15 – 20% below the Reserve figure as per our Buyer Terms)

Fees

All fees are payable by bank transfer only (we do not take card payments).
Reservation Fee – Please note that there is a Reservation Fee (3.6% of the eventual sale price, Including VAT) payable by the buyer within 2 hours of winning the auction. The reservation fee does not constitute part of the sale price, this is the auctioneer’s fee and is to be paid over & above the sale price paid to the Vendor.
Searches –The buyer is required to pay £300 (Inc. VAT) for the search pack. This is payable at the same time as the reservation fee.

Viewings

To view the property please visit the Hammer Price Homes website, register as a buyer and book in for a viewing. Bidding is only permitted for those who have viewed. Viewers must stick to their time precisely.

Property Details

Approx. Gross internal floor area – 868.1 sq ft / 80.7 sq M

Second Floor
Comprises of an entrance hallway leading to these rooms:
Living Room – 14’3 x 11’11 (4.34m x 3.64m)
Kitchen – 13’9 x 8’9 (4.20m x 2.66m)

Third Floor
Comprises of a landing leading to these rooms:
Bedroom 1 – 11’3 x 11’11 (3.44m x 3.64m)
Bedroom 2 – 11’9 x 12’0 (3.59m x 3.65m)
Bathroom – No Measurements Taken
WC – No Measurements Taken

Parking
On Street Permit Parking

Proof & Source of funds

In order to satisfy our Anti-Money Laundering obligations, winning bidders are required to complete their source of funds questionnaire within 24 hours of the close of the auction. This will detail how they will finance the purchase and provide supporting evidence as to the source of the funds (such as bank statements). It is advised that anybody bidding on a property prepares this information prior to taking part in an auction so that it is readily available. See our buyers faq’s for further information.

Current proof of funds may also be requested from registered buyers, prior to enabling their account for bidding, as part of our affordability checks.

How to make an offer

Offers can only be made via the online auction in the form of a bid once the bidding window has opened. No offers will be accepted outside of the auction process.

Once a sale has been agreed (STC) and a price agreed then no further price negotiation will take place. This sale price is fixed at the winning auction price and the buyer honoured to pay it. Any subsequent attempt by the buyer to contact the vendor direct to renegotiate on price would hold the buyer in breach of our terms. Should the buyer withdraw then they may have to forfeit the reservation fee. Please read the buyer terms and faq’s on the site for more details.

This is a probate property and is sold as seen. The Administrator / Solicitor dealing with the estate has never lived at the property so may not be able to answer the usual pre-contract questions or provide a property information form.