*For Sale By Online PublicAuction 21st May 2024 09:30 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)
Tuesday 7 May 2024 11:45 AM - 12:15 Thursday 9 May 2024 11:45 AM - 12:15 Monday 13 May 2024 11:45 AM - 12:15 Wednesday 15 May 2024 11:45 AM - 12:15 Friday 17 May 2024 11:45 AM - 12:15 Saturday 18 May 2024 11:45 AM - 12:15
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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