1 bedroom maisonette for sale

OPEN HOUSE EVENT – SATURDAY 4th May 2024 - PLEASE [use Contact Agent Button] OR CALL TO BOOK YOUR SLOT.

Harrisons Estate Agent Solutions are pleased to present to the market this first floor one bedroom maisonette, The property is being sold with NO ONWARD CHAIN . This property has a short lease, 66 years remaining, therefore a cash purchase is required.

Tenure

Leasehold. The property is held on a 99 year lease from 29th September 1991 (thus approximately 66 years unexpired). The estimated price of a lease extension is likely to be between £23000 and £24000 plus legal costs (source lease-advice.org)

Service Charge: TBC *

Ground Rent: TBC *

(*to be verified by Vendors Solicitor)

Location

The property is situated on the leafy green boarders of Stanwell and Ashford with easy reach of all local amenities, including schools, Ashford Hospital, Ashford station, Heathrow Airport (Crossrail Link) and Motorway links such as M4/M25

Description

The property comprises of a one bedroom first floor maisonette, in a small purpose built development with communal spaces and off street parking.

Accommodation

First Floor

Reception Room leading to separate Kitchen

Bedroom

Bathroom

Exterior

The property benefits from communal gardens and off street parking.

Tenancy

The LHA rate for a one bedroom property in the area is £195.62 per week (£10,172.24 per annum) (source: lha-direct.voa.gov.uk).

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. In most cases, the leaseholder must have owned the property for at least 2 years in order to serve a S42 notice. If you do not fully understand this process, please consult a solicitor.

*Fee's*

A purchaser whose offer is accepted by the seller will be required to pay Harrisons Estate Agent Solutions an administration fee of £250 in order to proceed to contracts, refundable only if the seller withdraws from the proposed transaction without reasonable grounds.

The purchaser will be responsible for paying Harrisons Estate Agents Solutions a buyer's premium of £3,500 or 2.5% (whichever is the higher) of the total purchase price paid for the property and any contents (plus VAT). The buyer's premium will become due and payable by the purchaser to Harrisons Estate Agent Solutions on exchange of contracts. Terms and conditions apply.