2 bedroom apartment for sale
Key information
Property description & features
- Tenure: Leasehold (55 years remaining)
- Investment Opportunity
- Extended lease (upon completion)
- Share of Freehold (upon completion)
- Renovation Project
- Victorian Conversion
- Two double bedrooms
- Residential Road
- Epc c
The property benefits from a share of freehold, with the acquisition process for a 50% share of the freehold currently underway. Furthermore, the extended lease on completion of 950 years provides long-term peace of mind and security. An added bonus is the loft space, which is demised to the owner. This feature offers significant potential for expansion, subject to the necessary planning permissions, making it a valuable asset for those seeking to maximize the property’s value.
Alternatively, if you are wanting to purchase the property and deal with the lease extension and acquisition of freehold yourself the owner is open to a lower offer.
Don’t miss the chance to transform this Victorian gem into a unique living space or a high-yielding investment.
Locally as you are in the pocket of Forest Hill you are well served with Forest Hill High Street, Honor Oak High Street, Bell Green Shopping Estate and Sydenham all a walk away from the flat which offers an extensive selection of trendy boutiques, cafes, supermarkets and bistros.
Lease Length: 56 years | Ground Rent: £40pa | Service Charge: £250pa | EPC Rating: C | Council Tax Band: B
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Property reference HEC246922. The information displayed about this property comprises a property advertisement. OnTheMarket.com makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and OnTheMarket.com has no control over the content provided by the agent or developer. This property advertisement does not constitute property particulars. The information is provided and maintained by Acorn - Forest Hill.
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Broadband availability and predicted speed: obtained from Ofcom on December 17, 2021
Broadband speed is measured in megabits per second, with the number returned showing how fast the connection is. Each reading is based on the highest predicted speed of any major broadband network for services that deliver the download speeds. The following are the different readings that we may display:
Basic: Up to 30 Mbit/s
Super-fast: Between 30 Mbit/s and 300 Mbit/s
Ultra-fast: Over 300 Mbit/s
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Mobile phone signal availability and predicted strength: obtained from Ofcom on January 4, 2022
Mobile signal predictions are provided by the four UK mobile network operators: EE, O2, Three and Vodafone. Predictions can vary significantly from the coverage you may actually experience as a result of local factors (especially terrain). Ofcom has tested the actual coverage provided in various locations around the UK to help ensure that these predictions are reasonable. The values shown against a property can be broken down as follows:
Clear: No bars, no signal predicted
Red: One bar, reliable signal unlikely
Amber: Two bars, may experience problems with connectivity
Green: Three bars, likely to have good coverage and receive a data rate to support basic web services
Enhanced: Full bars, likely to have good coverage indoors and to receive an enhanced data rate to support multimedia services
Energy Performance data and Internal floor area: obtained on January 26, 2023 from The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.
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