Property description
Guide Price = £90,000+
*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 One Bedroom Flat
Tenure
Leasehold. The property is held on a 99 year lease from 25th December 1981 (thus approximately 56 years unexpired).
Location
The property is situated on a residential road close to local shops and amenities. The open spaces of Forest Garden are within easy reach. Transport links are provided by Newbury Park underground station (Central line) and Goodmayes rail station.
Description
The property comprises a first floor one bedroom flat situated within a purpose built block arranged over ground and two upper floors.
Accommodation
First Floor
Reception Room with Open-Plan Kitchen
Bedroom
Bathroom
Accommodation
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.
EPC Rating
D
Open House Viewings:
Viewing Schedule (No Booking Required)
Wednesday 3 April 2024 12:15 PM - 12:45
Friday 5 April 2024 12:15 PM - 12:45
Saturday 6 April 2024 12:00 PM - 12:30
Tuesday 9 April 2024 12:15 PM - 12:45
Thursday 11 April 2024 12:15 PM - 12:45
Monday 15 April 2024 12:15 PM - 12:45
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