1 bed flat for sale

Mayfield Gardens, Hanwell W7

** For Sale By Online Auction** Pre Auction Offers Considered**

A one-bedroom first floor flat situated in the popular residential area of Hanwell, offering an excellent investment opportunity with the benefit of a tenant in situ, providing an immediate rental income from completion.

The accommodation comprises a living room, kitchen, double bedroom, bathroom and separate toilet. The property would benefit from some modernisation, presenting purchasers with the opportunity to refurbish and add value over time. On-road parking is available on this street & surrounding streets.

The front garden belongs to this property.

Conveniently located within easy reach of Hanwell Broadway, the property enjoys access to a wide range of local shops, cafés and everyday amenities. Excellent transport links are available nearby, including Hanwell Elizabeth Line station, providing fast and direct services into Central London, together with a number of local bus routes. The area is also well served by parks and open green spaces, including Brent Lodge Park and Bunny Park.

This property is considered ideal for buy-to-let investors seeking an income-producing asset with future potential to enhance both the accommodation and rental value, subject to any necessary consents.

Additional Information -
Tenure - Leasehold
Lease Length - 99 years from 25th December 2025 - 59 years remaining
Service Charge - tbc
Ground Rent - £150pa - doubling to £300pa in 2051
The property is currently tenanted and is achieving £1300pcm

Traditional Terms & Conditions -
This property is for sale via Online Auction. This is a modern twist on the traditional auction room sale where buyers can bid for the property via an online platform. The auction will run for 3 hours on a set date and time chosen by the vendor of the property. The winning bidder, assuming the reserve is met, is legally bound to exchange on the property and pay a 10% deposit similar to a traditional auction house sale and they will have 28 days to complete, please check the legal paperwork to confirm deposit amount. Upon completion of a successful auction the winning bidder will be required to pay a non-refundable reservation fee of 3.6% inclusive of VAT of the winning bid in addition to the purchase price subject to a minimum fee of £5940 inclusive of VAT. The auction is powered and carried out by Whoobid and is subject to terms & conditions which will form part of the auction pack which will be available to download for free once produced by the vendors legal representatives. We strongly recommend that you review the legal documents prior to bidding and seek legal advice. Please remember that the reservation fees are payable in addition to the sale price. Fees paid to the auctioneer may be considered as part of the chargeable consideration and may attract stamp duty liability. Bidders will be required to register in order to download the 'legal pack', if you choose to bid on the property, you will be required to complete further identity checks for anti-money laundering purposes and provide card details before you are able to place a bid. Properties may be sold prior to public auction if an offer is accepted by the vendors.

**Guide price - This is an indication of the seller's minimum expectations at auction and is not necessarily the figure the property will achieve but acts as a guide, prices are subject to change prior to the auction.

**Reserve price - Most auctions will be subject to a reserve price, if this figure is not achieved during the auction, then the property will not be sold. In normal circumstances the reserve price should be no more than 10% above the guide price.