*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 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 one bedroom flat situated within an end of terrace building arranged over the ground and two upper floors.
Accommodation First Floor Reception Room with Open-Plan Kitchen Bedroom Bathroom Separate WC
Accommodation Exterior The property benefits from a parking space.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
Open House Viewings: Viewing Schedule (No Booking Required)
Tuesday 7 May 2024 1:30 PM - 14:00 Thursday 9 May 2024 1:30 PM - 14:00 Saturday 11 May 2024 2:00 PM - 14:30 Monday 13 May 2024 1:30 PM - 14:00 Wednesday 15 May 2024 1:30 PM - 14:00 Friday 17 May 2024 1:30 PM - 14:00
Addendum The property benefits from a parking space.
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.
DISCLAIMER: Property descriptions and related information displayed on this page are marketing materials provided by Auction House London - Hampstead. Placebuzz does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions or related information provided here and they do not constitute property particulars. Please contact Auction House London - Hampstead for full details and further information.