The Oaks, Merryoak, Southampton, SO19, SO19 7RP

Welcome To The Oaks!

NO FORWARD CHAIN

CASH BUYERS ONLY

** For sale by online auction. Pre-Auction offers considered  AUCTION DATE - TUESDAY 26TH NOVEMBER 2024

An excellent investment opportunity awaits with this first-floor studio flat, located in Merryoak, Southampton. The property is In need of some modernisation, this property is perfect for those looking to add value and create a comfortable, modern living space. The flat features a unique layout with a partition wall, offering separation between the bedroom and living area, adding space and privacy uncommon in studio apartments.

Additionally, the property benefits from communal parking, providing convenient and hassle-free parking options. With its potential for improvement and location, this flat is an ideal choice for investors or first-time buyers looking to make their mark in Southampton. Don’t miss out on this fantastic opportunity to transform this space into a home or profitable rental.

 Marco Harris advice that after some improvements, it is possible to achieve a monthly rental income of £700.  

We anticipate a huge demand for this property so please be quick to book your viewing slot. Marco Harris offers a unique booking system, with flexible viewing opportunities to suit our buyers. Please feel free to contact us via phone, WhatsApp or across our social media platforms. You can find us via  @kieransmithrealestate and @MarcoHarrisUK. We look forward to hearing from you and thank-you for taking the time to view this advert.

Useful Additional information:

• Tenure: Leasehold
• Sellers position: No Forward Chain
• Appliances Included: Integrated Washing Machine, Oven and Fridge/Freezer
• Heating: Gas Central
• Council Tax: A
• EPC Rating: 74 (C) Potential 81 (B) - 2024

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 £5,940 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.