1 Bedroom Flat

FOR SALE BY PUBLIC AUCTION ONLINE (*unless sold previously) ON WEDNESDAY 10 JUNE, 2026

                                                                           AUCTION GUIDE PRICE: £125,000 LEASEHOLD

METHOD OF SALE: This is a traditional auction and contracts are exchanged on the fall of the gavel.

*NOTE: Offers prior to auction will only be considered from buyers in a position to exchange contracts immediately under auction conditions. A buyer’s administration fee of £3950 including VAT is payable on exchange of contracts. The price guide is a general guide only and a reserve price will be set within 10% of this figure.

SITUATION & DESCRIPTION

Flat 4 Hansdon Lodge is a very pleasant ground floor flat in an imposing grade II listed, house constructed in the 1840s and probably a former merchant’s house.  Set well back from the main road, the well proportioned living room and large bedroom both have a southerly facing aspect and floor to ceiling Georgian sash windows and there is parking for one car at the front of the property.  To the rear is an enclosed garden shared with the other flats.  The well designed kitchen sits back from the living room through an archway and features a refrigerator/freezer and washing machine.  Heating is Economy 7 electric and there are storage heaters in the living room and bedroom. 

This will make a lovely home for a first time buyer or for an investor.  Exeter is a university city and the Royal Devon & Exeter hospital is only a quarter of a mile away.  Heavitree has a good range of local shops and facilities, nearly all of which within two hundred metres and regular bus services stop nearby.
  Services
All main services are available.  Interested parties should contact the relevant public utility with regards to connection. 
Parking: Allocated for one car
Local Authority: Exeter City Council

LEASE
Term:  125 years from 25 December 1992
Unexpired Term:  92 years.
Ground Rent:  £125.00 until 24 December 2032, £150.00 from 25 December 2032 to 24 December 2052, £175.00 from 25 December 2052 to 24 December 2072, £200.00 from 25 December 2072 to 24 December 2092 and £225.00 for the remainder of the term.
 Agent Note
To conform with government Money Laundering Regulations 2019, we are required to confirm the identity of all prospective buyers once any sale is agreed, and check proof of funding. For properties bought at online auction, a fee of £3.50 +VAT is payable by each registered bidder to Landmark, an FCA registered company, through Essential Information Group. An inconclusive check will result in a further capped fee of £3.50 + VAT to cover any ensuing checks. We will require the full name, date of birth and current address of all bidders. For sales in a live auction room and for sales prior to auction, we use the services of a third party, Hipla, a Law Society Licensed company. We will require the full name, mobile phone number and current address of all buyers. There is a nominal charge of £24 including VAT per person payable. It is a mandatory requirement for a Lettings Agent to be part of a Client Money Protection scheme, we have membership with Propertymark (a government approved client money protection provider).