2 bed flat for sale

Rowan Way, Balderton, Newark NG24

Summary

Being sold via Secure Sale online bidding. Terms & Conditions apply.

Positioned just a stone's throw from the picturesque Balderton Lake, this spacious first-floor apartment represents an excellent investment opportunity, benefiting from generously proportioned accommodation, its own private entrance and the added advantage of a single garage. Whilst the property is offered with a short lease, it provides an appealing opportunity for an investor or buyer looking to add value.

The apartment is approached via its own private entrance door, with stairs rising to the first-floor landing. From here, an opening leads through to the modern fitted kitchen, complete with an electric hob and oven, while internal doors provide access to the remaining accommodation. The generous lounge/diner offers ample space for both relaxing and entertaining and benefits from a useful storage cupboard. Further accommodation comprises a family bathroom and two well-proportioned double bedrooms, with one bedroom featuring fitted wardrobes. The property also benefits from a lawned front garden area, gas central heating and UPVC double glazing. With its attractive location close to Balderton Lake, spacious accommodation and garage, this apartment offers fantastic potential and an exciting investment opportunity.

EPC Rating: C

Lease Details
Management Company - rcp Property Management Ltd
Years Remaining on Lease - Currently 47 years remaining - 99 years from 1 March 1974, expiry 01 March 2073
Current Ground Rent per annum - 15. We have been advised there is no service charge payable.

Balderton Is situated on the edge of Newark to the southeast. It has a wealth of amenities including 2 primary schools and a secondary school, shops, Sainsburys and Lidl supermarkets, Post Office, various public houses and takeaways, a Doctors/Medical centre, vets and a regular bus service into Newark town centre.

Lounge/Diner
3.76m x 3.71m

Kitchen
2.69m x 2.01m

Bedroom One
3.76m x 2.97m

Bedroom Two
3m x 2.18m
maximum measurements

Bathroom
2.01m x 1.93m

Council Tax Band: A
Tenure: Leasehold
Length of Lease: 52
Annual Ground Rent Amount: 15.00

Auctioneers Additional Comments

Pattinson Auction are referred to as The Auctioneer. This auction lot is being sold by either conditional (Modern) or unconditional (Traditional) auction terms and overseen by The Auctioneer. The method of auction sale and the applicable terms and conditions are found on the lot page of this property on The Auctioneers website. The property is available to view strictly by appointment only via any Marketing Agent or The Auctioneer. Please be aware that any enquiry, bid or viewing of the subject property will require your details to be shared between any marketing agent and The Auctioneer so that matters can be dealt with effectively. The property is being sold via a transparent online auction. To submit a bid, all bidders must adhere to a verification of identity process in line with Anti Money Laundering procedures. Bids can be submitted at any time and from anywhere.

Auctioneers Additional Comments

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 or Starting Bid. These prices are subject to change. An auction can be closed at any time, with The Auctioneer permitting the property (the lot) to be sold prior to the end of the auction. A Legal Pack associated with this 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. The deposit will form part of the purchase price. A non-refundable reservation fee of up to 6% inc VAT (subject to a minimum fee which could be up to 7,200 inc VAT) is also payable upon agreement of sale. The Reservation Fee is in addition to the agreed purchase price, and consideration should be given by the purchaser to any Stamp Duty Land Tax liability associated with the overall purchase costs. Both the Marketing Agent and The Auctioneer may consider it necessary or beneficial to pass customer details to third-party service suppliers, from whom a referral fee may be received. There is no requirement or obligation to use any recommended suppliers or services.