Property Type: Purpose built 1930’s maisonette
Reason for auction: Short lease
Seller: Probate sale
Guide Price: £145,000
Sale Price: £175,000
History of This Auctioned Maisonette in Middlesex England
The family beneficiaries of the vacant two-bedroom maisonette in Uxbridge wanted a quick and secure sale. They called Sell by Auction for a property auction valuation.
We immediately advised the client to serve a section 42 notice on the Landlord.
The benefit of which could be assigned to the buyer on completion, allowing them the advantage of negotiating a new lease.
The property was in dated condition and although the family had cherry picked certain items, the property needed a full house clearance which was arranged by Sell By Auction and a deep clean.
Free entry and no sale, no fee terms, and an intensive marketing campaign achieved a £175,000 selling price, an excellent result for a 20-year lease property.
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