Unsold, but is available at £144,000Guide Price = £125,000+
*For Sale By Online PublicAuction 17th April 2024 08:45 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
Tenure Leasehold. The property is held on a 99 year lease from 24th June 1991 (thus approximately 66 years unexpired).
Location The property is situated on a residential road close to local shops and amenities. The open spaces of Frank's Park are within easy reach. Transport links are provided by Belvedere rail station.
Description The property comprises a first floor two bedroom flat situated within a purpose built block arranged over ground and three upper floors.
Accommodation First Floor Reception Room/Kitchen Two Bedroom Bathroom
Accommodation Exterior The property benefits from off street parking.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 C
Open House Viewings: Viewing Schedule (No Booking Required)
Wednesday 3 April 2024 1:45 PM - 14:15 Friday 5 April 2024 1:45 PM - 14:15 Tuesday 9 April 2024 1:45 PM - 14:15 Thursday 11 April 2024 1:45 PM - 14:15 Saturday 13 April 2024 12:00 PM - 12:30 Monday 15 April 2024 1:45 PM - 14:15
The Est. Mortgage is for a 25 years repayment mortgage based on a 10% deposit and a 5.5% annual interest. It is only intended as a guide. Make sure you obtain accurate figures from your lender before committing to any mortgage. Your home may be repossessed if you do not keep up repayments on a mortgage.
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