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Flat 4, Wickham House, Cressex Road
HP12 4FY
Guide Price
Flat/Apartment
2
1
2
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FOR SALE BY AUCTION ON WEDNESDAY 20TH OF NOVEMBER 2024 AT 1 PM
SALE VIA A LIVE-STREAMED
AUCTION GUIDE PRICE: £185,000
** VIEWINGS BY APPOINTMENT VIA AUCTION HOUSE **
A fantastic opportunity to acquire a high-spec, two-bedroom duplex apartment, currently let on an Assured Shorthold Tenancy (AST) generating an annual income of £15,000. This first-floor apartment is situated in a beautifully redeveloped Grade II listed building that has been converted into a total of seven apartments. Retaining charming character features such as exposed oak beams, a cast iron fireplace, and a unique mezzanine level, the property offers both modern convenience and historic elegance. The accommodation includes an entrance hall, a kitchen, and a versatile lounge/bedroom space on the mezzanine level, with a second bedroom and en-suite on the upper floor. Additionally, off-road parking is available at the front of the property. This property presents a great investment opportunity, combining attractive rental income with period charm in a sought-after development generating an 8% yield. SHARE OF FREEHOLD
1.88m x 0.91m (6'02 x 3)
Entered via a solid front door there are stairs rising to the first floor and doors to:-
3.00m x 2.84m (9'10 x 9'4)
Fitted with a range of floor and wall-mounted cabinets there are quartz worktops and composite upstands. There is an integrated electric induction hob with extractor above, an under-mount stainless steel sink with chrome tap over and an integrated fridge/freezer and washing machine.
4.95m x 4.24m (16'03 x 13'11)
A wonderful open-plan room with character features including exposed beams and sash windows to the front and side elevations. There are tv and telephone points connected with engineered oak floor fitted and a feature cast iron fireplace.
A raised mezzanine area with ladder access.
2.95m x 2.67m (9'08 x 8'09)
A Velux window to the side elevation with carpet fitted and a door to:-
2.44m x 1.22m (8'00 x 4'00)
Suite comprising double shower cubicle, WC and hand wash basin with vanity below.
There is off-road parking to the front with access via electric gates and a pedestrian walkway.
The property will benefit from a 249-year lease, which will be granted upon the sale. Upon the sale of the last property, a limited company will be formed, and the freehold will be transferred, with each flat obtaining a share.
Mains Gas water and electricity are connected, None of these services have been tested.
Wickham House offers a wide range of amenities nearby for shopping, dining, and leisure. The Eden Shopping Centre is a major hub just minutes away, offering over 100 shops, including popular brands like Zara and Beaverbrooks, as well as restaurants, a cinema, and a bowling alley. For nature lovers, Hughenden Park and the Chiltern Hills offer scenic outdoor spaces perfect for walking or hiking. The Hellfire Caves in nearby West Wycombe are also a fascinating historical site to explore. Additionally, fitness enthusiasts can find local gyms like The Gym Group and Wycombe Leisure Centre. High Wycombe's convenient transportation links, Wickham House is just 1.6 miles from High Wycombe train station with trains to London Marylebone in approximately 27 minutes, whilst Junction 4 of the M40 provides access to the national motorway network and Heathrow airport.
BAND B
*Guides are provided as an indication of each seller's minimum expectation. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Each property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide. Additional Fees and Disbursements will charged to the buyer - see individual property details and Special Conditions of Sale for actual figures.
The purchaser will be required to pay an administration charge of £900 (£750 plus VAT).
The purchaser will be required to pay a buyers premium charge of £1,680 (£1,400 plus VAT)
From the M40 At junction 4, take the A404 exit to H. Wycombe/Marlow/M4/Maidenhead, Use the middle lane to take the slip road to Marlow Rd, At Handy Cross Roundabout, take the second exit onto Marlow Rd, At the roundabout, take the first exit onto Cressex Rd where the property can be found behind gates on the right hand side.
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