Modern Method of Auction
Auction date not yet published
2-bedroom flat · HP11 1UB
For saleListed 639 days
Opportunity summary
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About
Summary modern method of auction: Retirement apartment for the over 60s available in the popular Cressex area offering great local amenities and transport links.
First floor, living room with private balcony, two bedrooms, kitchen and shower room. Communal facilities available on site.
Description This well-presented first floor apartment is designed exclusively for residents aged 60 and over, offering comfort, convenience and a welcoming community atmosphere.
Inside, the spacious living and dining room provides a bright and versatile space for relaxing or entertaining, while the fitted kitchen is equipped with a range of wall and base units.
There are two well-proportioned bedrooms and a modern tiled shower room with shower, wash hand basin and WC.
A private balcony offers an ideal spot to enjoy fresh air, and residents' parking is available on site.
The development includes a range of communal facilities, including a comfortable residents' lounge, a laundry room and a guest suite for visiting family or friends.
For peace of mind, there is access to a 24-hour care line service. Located in a convenient position, the apartment is close to a bus stop with regular services to the town centre.
Two supermarkets, a cinema and a selection of restaurants are all nearby, and Junction 4 of the M40 is just a two-minute drive away, providing excellent road connections.
Auctioneer's Comments This property is offered through Modern Method of Auction. Should you view, offer or bid your data will be shared with the Auctioneer, iamsold Limited.
This method requires both parties to complete the transaction within 56 days, allowing buyers to proceed with mortgage finance (subject to lending criteria, affordability and survey).
The buyer is required to sign a reservation agreement and make payment of a non-refundable Reservation Fee of 4.5% of the purchase price including VAT, subject to a minimum of £6600.00 including VAT.
This fee is paid in addition to purchase price and will be considered as part of the chargeable consideration for the property in the calculation for stamp duty liability.
Buyers will be required to complete an identification process with iamsold and provide proof of how the purchase would be funded.
The property has a Buyer Information Pack containing documents about the property.
The documents may not tell you everything you need to know, so you must complete your own due diligence before bidding.
A sample of the Reservation Agreement and terms and conditions are contained within this pack. The buyer will also make payment of no more than £349 inc. VAT towards the preparation cost of the pack.
Please confirm exact costs with the auctioneer. The estate agent and auctioneer may recommend the services of other providers to you, in which they will be paid for the referral.
These services are optional, and you will be advised of any payment, in writing before any services are accepted. Listing is subject to a start price and undisclosed reserve price that can change.
Entrance Hall Reception Room 10' 9" max x 19' 7" max ( 3.28m max x 5.97m max ) Kitchen 11' 4" max x 8' 8" max ( 3.45m max x 2.64m max ) Bedroom One 6' 8" max x 10' max ( 2.03m max x 3.05m max ) Bedroom Two 12' max x 9' 1" max ( 3.66m max x 2.77m max ) Bathroom 6' 9" max x 5' 5" max ( 2.06m max x 1.65m max ) We currently hold lease details as displayed above, should you require further information please contact the branch.
Please note additional fees could be incurred for items such as leasehold packs. 1.
Money laundering regulations - Intending purchasers will be asked to produce identification documentation at a later stage and we would ask for your co-operation in order that there will be no delay in agreeing the sale.
2: These particulars do not constitute part or all of an offer or contract. 3: The measurements indicated are supplied for guidance only and as such must be considered incorrect.
4: Potential buyers are advised to recheck the measurements before committing to any expense.
5: Connells has not tested any apparatus, equipment, fixtures, fittings or services and it is the buyers interests to check the working condition of any appliances.
6: Connells has not sought to verify the legal title of the property and the buyers must obtain verification from their solicitor.
Value & comps
No previous sales on record.
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Returns
Set an offer; the calculator follows it.
We're still gathering serviced-accommodation data for this area.
Archie refurb estimate: a Pro feature
0.0% below starting price
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Deal
Properties like this can earn 2–3x BTL yields when converted to HMO, with retrofit costs around £10k/room. Sign in to see the full tier, yield projection, and cost breakdown.
Commercial properties like this can earn 30-50% higher yields when converted to residential under Class MA / Q / P / PA, with prior approval costing ~GBP 96/unit. Sign in to see the recommended route, yield uplift, and cost breakdown.
BRRR-suited properties can recycle 80-100% of investor capital on refi, leaving a high-yielding rental with most of the money out. Sign in to see the refurb cost stack, ARV projection, and refinance maths.
Detached + large garden = sub-division play. Pro tier unlocks the tier badge, plot size, uplift estimate, and regional land benchmark.
Short-lease flats trade at deep discount, but extending under the 1993 Act often costs far less than the discount. Pro tier unlocks the tier badge, premium breakdown, long-lease ARV and arbitrage maths.
See projected short-stay revenue vs a vanilla BTL for this property.
See real sub-let margins (HMO room rates & SA nightly rates) vs the landlord rent.
Area
Agent & docs
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FAQ
About 83, Lansdowne Way, High Wycombe
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