Map2 bedroom flat
Virtual tour
Auction
Flat
2 beds
430 sq ft / 40 sq m
EPC rating: D
Key information
Tenure: Leasehold | 57 yrs left
Council tax: Ask agent
Broadband: Ultra-fast 1000Mbps *
Mobile signal:
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Features and description
- Tenure: Leasehold (57 years remaining)
Withdrawn Prior.Guide Price = £130,000+
*For Sale By Online PublicAuction 14th November 2024 10:30 AM. To inspect the legal documents for this property go to our website to download the legal pack*
A First Floor Two Bedroom Flat Subject to an Assured Shorthold Tenancy Producing £20,400 Per Annum
Tenure
Leasehold. The property is held on a 99 year lease from 25th March 1983 (thus approximately 57 years unexpired).
Location
The property is situated on a residential road close to local shops and amenities. The open spaces of Grangewood Park are within easy reach. Transport links are provided by Norwood Junction overground and rail stations.
Description
The property comprises a first floor two bedroom flat situated within an end of terrace building arranged over the ground and two upper floors.
Accommodation
First Floor
Reception Room/Kitchen
Two Bedrooms
Bathroom
Accommodation
Exterior
The property benefits from a parking space.Tenancy
The property is subject to an Assured Shorthold Tenancy at a rent of £1,700 per calendar month.
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. 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 ask the auctioneers or a solicitor.
Planning
EPC Rating
D
There are no internal viewings
*For Sale By Online PublicAuction 14th November 2024 10:30 AM. To inspect the legal documents for this property go to our website to download the legal pack*
A First Floor Two Bedroom Flat Subject to an Assured Shorthold Tenancy Producing £20,400 Per Annum
Tenure
Leasehold. The property is held on a 99 year lease from 25th March 1983 (thus approximately 57 years unexpired).
Location
The property is situated on a residential road close to local shops and amenities. The open spaces of Grangewood Park are within easy reach. Transport links are provided by Norwood Junction overground and rail stations.
Description
The property comprises a first floor two bedroom flat situated within an end of terrace building arranged over the ground and two upper floors.
Accommodation
First Floor
Reception Room/Kitchen
Two Bedrooms
Bathroom
Accommodation
Exterior
The property benefits from a parking space.Tenancy
The property is subject to an Assured Shorthold Tenancy at a rent of £1,700 per calendar month.
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. 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 ask the auctioneers or a solicitor.
Planning
EPC Rating
D
There are no internal viewings
About this agent
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 its relatively short history to become one of the top 5 residential property auctioneers in the UK. We adopt a modern and dynamic approach to offering high quality auction facilities to both corporate and independent sellers and buyers. We firmly believe in the importance of extensive online marketing campaigns in addition to the traditional offline methods. Our forward thinking approach to auctions has been regularly applauded and we are very proud to be recognised as offering extremely high levels of customer service to all of our clients. With a proven track record in residential and commercial investments and property auctions, the team offers a fresh and energetic approach to their auctions, providing a quality service that achieves the right results for all parties.