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No longer on the market

This property is no longer on the market

2 bedroom flat

Virtual tour
Auction
Flat
2 beds
Added > 14 days

Key information

TenureLeasehold | 39 yrs left
Council taxAsk agent

Features and description

  • Tenure: Leasehold (39 years remaining)
  • A Vacant First Floor Two Bedroom Flat

Video tours

Please refer to auctioneer for more informationGuide Price = £55,000+

*For Sale By Online PublicAuction 7th December 2022 09:00 AM. To inspect the legal documents for this property go to our website to download the legal pack*

A Vacant First Floor Two Bedroom Flat

By Order of the Executors

Tenure
Leasehold. The property is held on a 99 year lease from 26th June 1963 (thus approximately 39 years unexpired). At the buyer's request and costs a section 42 notice to extend the lease will be served prior to completion, the rights of which would be assigned to the incoming buyer.

Location
The property is situated on a residential road close to local shops and amenities. The open spaces of Mayfields Park and Southcrest Wood are within easy reach. Transport links are provided by Redditch rail station.

Description
The property comprises a first floor two bedroom flat situated within a purpose built block arranged over ground and two upper levels. The property requires a full program of refurbishment.

Accommodation
First Floor
Reception Room
Kitchen
Two Bedrooms
Bathroom

Accommodation
Exterior
The property benefits from a garage en bloc and communal gardens.Note
Further Information
When purchasing a flat that has a short lease, it is important to understand that in addition to the purchase price, if you wish to extend the lease to 90+ years, you will need to pay a premium to the freeholder. This is done by way of serving a Section 42 notice to the freeholder requesting a lease extension with a suggested price for the extension. The freeholder has the right to refuse the offer and submit a counter notice with their suggested price. If you do not fully understand this process, please ask the auctioneers or a solicitor.

Planning
Viewing Schedule (No Booking Required)

Friday 25 November 2022 12:00 PM - 12:30
Wednesday 30 November 2022 12:00 PM - 12:30
Saturday 3 December 2022 12:00 PM - 12:30
Tuesday 6 December 2022 12:00 PM - 12:30
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About this agent

Auction House London - Hampstead
Auction House London - Hampstead
5 Hampstead Gate, 1a Frognal Hampstead, London NW3 6AL
020 8022 1911
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Auction House London is the largest branch of the Auction House UK brand. Auction House holds
more auctions annually than any other firm of auctioneers in the UK and sold 4,957 properties
throughout 2018 – over 1,000 properties more than our closest rivals. Co-founded by Andrew
Binstock and Jamie Royston in 2011, Auction House London has grown year on year in i... Show more
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