Sold STC

Hanley Terrace

Malvern

  • 1

  • 1

  • 1

  • Investment opportunity
  • Imposing period building
  • Far-reaching views
  • 965 years remaining on the lease
  • Service charge £480 per annum
  • Ground rent £50 per annum

Offers in excess of

497 sq. ft.

Tenant Info
Email the team

01905 734 734

Please quote reference number JOB220075

A spacious one bedroom apartment with stunning views perfect for first time buyers or investors.
  • Investment opportunity
  • Imposing period building
  • Far-reaching views
  • 965 years remaining on the lease
  • Service charge £480 per annum
  • Ground rent £50 per annum

Flat 4 is a first floor apartment situated within a period residence in an elevated position on the westerly slopes of the Malvern Hills. From the front aspect the property affords wonderful panoramic views over the Severn Valley to Bredon Hill and the Cotswold Range beyond.


The property is located on the first floor which is accessed via a staircase from the communal entrance up to a private wooden front door.

Stepping into the property there is an entrance hallway which radiates to the kitchen, living room and bedroom.

The ample sized living room boasts a large bay window capturing the fabulous views across the county and includes a cupboard housing the boiler.

Opposite the living room is the kitchen which is part tiled and includes a range of wall, base and drawer units, a stainless steel sink with mixer tap and drainer, an integrated oven with extractor fan and under counter fridge and washing machine.

The final room is the double bedroom with a sash window to the side aspect and follows through into the bathroom which again has a window to the side and comprises of a three piece white suite including a bath with mixer tap and shower, sink with pedestal and low level WC.


Services
The property has mains gas, mains electricity, mains water and mains sewerage.

Council tax band - A.

Reservation Fee - refundable on exchange

A reservation fee, refundable on exchange, is payable prior to the issue of the Memorandum of Sale and after which the property may be marked as Sold Subject to Contract. The fee will be reimbursed upon the successful Exchange of Contracts.

The fee will be retained by Andrew Grant in the event that you the buyer withdraws from the purchase or does not Exchange within 6 months of the fee being received other than for one or more of the following reasons:

1. Any significant material issues highlighted in a survey that were not evident or drawn to the attention of you the buyer prior to the Memorandum of Sale being issued.
2. Serious and material defect in the seller’s legal title.
3. Local search revealing a matter that has a material adverse effect on the market value of the property that was previously undeclared and not in the public domain.
4. The vendor withdrawing the property from sale.

The reservation fee levels are as follows:
an agreed offer under £500,000 will be £750 inclusive of vat
an agreed offer between £500,000 and £1,000,000 will be £2,000 inclusive of vat
all agreed offers over £1,000,000 will be £3,000 inclusive of vat

The reservation fee is payable upon acceptance by the vendor of an offer from a buyer and a positive completion of an assessment of the buyer’s financial status and ability to proceed.
Should a buyer’s financial position regarding the funding of the property prove to be fundamentally different from that declared by the buyer when the Memorandum of Sale was completed, then the Vendor has the right to withdraw from the sale and the reservation fee retained. For example, where the buyer declares themselves as a cash buyer but are in fact relying on an unsecured sale of their property.

Once the reservation fee has been paid, any renegotiation of the price stated in the memorandum of sale for any reason other than those covered in points 1 to 3 above will lead to the reservation fee being retained. A further fee will be levied on any subsequent reduced offer that is accepted by the vendor. This further fee will be subject to the same conditions that prevail for all reservation fees outlined above.