Summary - 62 WOOD GREEN BASILDON SS13 1RU
1 bed 1 bath Ground Flat
Step-in condition with parking — ideal for first-time buyers or landlords.
- Ground-floor one-bedroom apartment, approximately 431 sq ft
- Chain free and in good condition throughout
- Allocated off-street parking included
- Sold by Modern Method of Auction; buyer fees apply
- Reservation Fee 4.2% (min £6,000) plus £349 buyer pack cost
- Lease c.95 years; service charge low (£10) but ground rent high (£1,476)
- Electric storage heating and double glazing
- Small overall size may limit mortgage or resale appeal
A compact, chain-free ground-floor apartment in Basildon, ready for immediate occupation or rental. The open-plan lounge/diner and allocated off-street parking make this a practical step onto the housing ladder or a straightforward addition to a buy-to-let portfolio.
Sold via the Modern Method of Auction, the sale carries specific fees and timing. A non-refundable Reservation Fee of 4.2% of the purchase price (minimum £6,000) applies, plus a Buyer Information Pack cost of £349. The property is subject to an undisclosed reserve price and requires completion within 56 days of contract exchange, so buyers should check funding and timetable before bidding.
Practical details include a 95-year lease, double glazing, electric storage heating and a low service charge. However, the ground rent is high (£1,476) and the overall floor area is small (approximately 431 sq ft), which will affect mortgage options and long-term costs. Prospective buyers should review the lease and buyer pack carefully and budget for the reservation fee and stamp duty implications.
For buyers wanting a low-maintenance city-edge flat with parking and good local schools nearby, this property presents clear value. Investors should weigh the rental potential against the shortfall in internal space and the elevated ground rent when modelling yields.
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