**Development Opportunity** in the Poets Corner area of Herne Hill, a four bedroom end of terrace period house for sale on Spenser Road requiring complete modernisation providing an excellent opportunity for someone to refurbish or extend to their own specification subject to gaining the relevant planning and building regulations consents.
The accommodation which could be reconfigured comprises a double reception room on the hall floor with high ceilings, and a shower room; on the lower ground floor two double bedrooms and a kitchen.
The first floor accommodation offers two further bedrooms and a utility room.
The property also benefits from a front garden and rear garden which can be accessed to the side of the property offering a good size South West facing private garden.
Letting, rent collection and fully managed service 18% inclusive of VAT
Market appraisal of property and summary of current market in local area
Pre market inspection of the property with regard to cosmetic and legal requirements and highlighting area(s) of improvement needed before tenancy commences
Full marketing package including all major web portals and Pedder network wide marketing
Access to all Pedder offices staff and applicants through Pedder computer linked software
Accompanied viewings
Offer Negotiation
Board
Tenant vetting
Regular viewing updates and real time monitoring of the local market
General update on a daily/weekly/monthly basis verbally and via email
Obtaining tenant(s) identification and written consent for independent referencing for all tenants
Performing the initial check of the identification provided by all tenant(s) with reference to the Right to Rent Act
Collating the necessary safety certificates before the tenancy commences and instructing where applicable (contractor fees applicable)
Arranging pre tenancy works (contractor fees applicable) including check in inventory and any required maintenance for cosmetic and legal purposes
Drawing up of all tenancy paperwork based on terms agreed and arranging for all parties to sign
Arranging for all relevant legal documents to be sent to the tenant pre tenancy commencement
Meeting tenants at the property for key hand over on move in day and legal checking of smoke and carbon monoxide alarms
Designated property manager overseeing the tenancy including rent, renewal of required certificates and tenancy renewals
Rent generation and collection and real time arrears monitoring through linked accounts
Monthly PDF statement generation sent via email as soon as a payment is made to landlord
Renewal negotiation with the tenant at the end of the term ensuring that the tenancy is renewed in line with market conditions
Drawing up of renewal paperwork and arranging for all parties to sign
Re checking Right to Rent criteria is met at renewal or as appropriate
2 property inspections per annum provided access is granted by the tenant to check property condition
Management of a maintenance fund on your behalf and the instruction and management of contractors and works undertaken (separate contractor fees apply)
Designated property manager overseeing all elements of the tenancy including maintenance
Monthly account reconciliation for all income and expenditure
*additional fees will apply dependent on the service level required
A full breakdown of fees will be made available in Pedder’s terms and conditions which will be provided at the point of valuation by the relevant branch manager.
Tenants
In accordance with the Tenants Fee ban which comes into force for tenancies commencing after 1st June 2019, incoming tenants will only be required to pay their first month’s rent and deposit in advance.
Tenants will be subject to the Right to Rent Immigration Act and financial and landlord referencing via an independent third party provider who will be introduced to the tenant upon the successful acceptance of an offer.
Under the Tenant Fee ban act, Pedder are able to request a one week holding deposit to secure the tenants offer on the property. The act specifies that the tenancy must commence within fifteen days of the holding deposit being taken unless this is mutually agreed by both parties in writing i.e. via email. Pedder will either refund the holding deposit upon completion of the references and receipt of the first month’s rent. Alternatively the holding deposit can be added to the first month’s rent.
A full list of default fees will be made available to tenants upon registering with Pedder.
Pedder are members of the Propertymark Client Money Protection Scheme and The Property Ombudsman redress scheme. More details can be found on our website at or by contacting your local branch
