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Flat 5 Thorn House, Lache Lane, Chester, CH4 7LR

Lot no: 119 Sold at Auction for £72,000
 

Guide Price £62,000+ plus fees

Unconditional with Variable FeeOn the fall of the hammer, the successful bidder will be legally bound to purchase the property. The successful bidder must immediately exchange contracts, pay a 5% deposit (subject to a minimum of £5,000) along with a non-refundable Buyer’s Fee of either 4.8% of the final sale price of the property up to and including £250,000, or 3.6% if the final sale price is over £250,000. The Buyer’s Fee is subject to a minimum of £6,000. Completion must take place usually within 30 days unless the Special Conditions of Sale state otherwise.

Thursday 27th May 2021

10.00am
Key Features
  • Top floor apartment in period conversion
  • Pleasant views towards the Welsh Hills
  • Benefits from a single garage and an allocated parking space
  • Sought after location
  • EPC Rating: G
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Sold at Auction for £72,000

Apartment

Property Description:

The top floor apartment forms part of a period conversion situated on the prestigious Lache Lane lying to the south of Chester city centre and has the benefit of pleasant communal gardens in addition to a single garage and an allocated parking space.

It offers pleasant views towards the Welsh Hills from the living/dining room and would make an excellent first time buy, downsizer or buy-to-let investor purchase.

Lache Lane has long been regarded as one of Chesters premium addresses and Thorn House is a collection of five apartments forming part of a conversion with this flat being on the top level. There is a communal entrance hall with staircases which lead to the top floor and from here there is not only access into the property itself but also access to a spiral fire escape positioned to the rear of the building.

The apartment features a collection of original windows with secondary glazing and also uPVC double glazed units and also benefits from electric heating throughout.

Entrance Hall

With built-in cloaks/meter cupboard.

Living/Dining Room

With exposed ceiling beams and window providing a pleasant aspect over rooftops towards the Welsh Hills.

Kitchen

With a range of white gloss fronted units with brushed metal fitments.

Bedroom

With fitted wardrobes.

En-Suite Bathroom

Featuring a three piece suite.

Externally

The property benefits from an allocated parking space and a garage and there are communal gardens, all maintained via a maintenance charge paid by the residents.

Occupancy

Vacant.

Lease Details

999 years from 5th January 1979
Ground Rent: £1 per annum
Service Charges: £480 per annum as advised by the seller

Tenure:

Leasehold.


Auction Details:
The sale of this property will take place on the stated date by way of Auction Event and is being sold as Unconditional with Variable Fee (England and Wales).

Binding contracts of sale will be exchanged at the point of sale.

All sales are subject to SDL Property Auctions’ Buyers Terms. Properties located in Scotland will be subject to applicable Scottish law.

Auction Deposit and Fees:

The following deposits and non- refundable auctioneer’s fees apply:

  • 5% deposit (subject to a minimum of £5,000)
  • Buyer’s Fee of 4.8% of the purchase price for properties sold for up to £250,000, or 3.6% of the purchase price for properties sold for over £250,000 (in all cases, subject to a minimum of £6,000 inc. VAT). For worked examples please refer to the Auction Conduct Guide.

The Buyer’s Fee does not contribute to the purchase price, however it will be taken into account when calculating the Stamp Duty Land Tax for the property (known as Land and Buildings Transaction Tax for properties located in Scotland), because it forms part of the chargeable consideration for the property.

There may be additional fees listed in the Special Conditions of Sale, which will be available to view within the Legal Pack. You must read the Legal Pack carefully before bidding.

Additional Information:
For full details about all auction methods and sale types please refer to the Auction Conduct Guide which can be viewed on the SDL Property Auctions’ home page.

This guide includes details on the auction registration process, your payment obligations and how to view the Legal Pack (and any applicable Home Report for residential Scottish properties).

Guide Price & Reserve Price
Each property sold is subject to a Reserve Price. The Reserve Price will be within + or – 10% of the Guide Price. The Guide Price is issued solely as a guide so that a buyer can consider whether or not to pursue their interest. A full definition can be found within the Buyers Terms.