*For Sale By Online PublicAuction 10th September 2025 09:30 AM. To inspect the legal documents for this property go to our website to download the legal pack*
A Ground Floor Studio Flat Subject to an Assured Shorthold Tenancy Producing £17,232.24 Per Annum
Tenure Leasehold. The property is held on a 88 year lease from 25th December 1979 (thus approximately 42 years unexpired).
Location The property is situated on a residential road close to local shops and amenities. The open spaces of North Millfields Recreation Ground are within easy reach. Transport links are provided by Clapton overground station and Hackney Downs rail station.
Description The property comprises a ground floor studio flat situated within a mixed use parade arranged over ground and four upper floors.
Accommodation Ground Floor Studio Room Kitchen Bathroom
Accommodation Tenancy The property is subject to an Assured Shorthold Tenancy at a rent of £1,436.02 per calendar month.
Note The property has not been inspected by Auction House London. All information has been supplied by the vendor.
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. If you do not fully understand this process, please ask the auctioneers or a solicitor.
EPC Rating D
Viewing Appointments to be Confirmed - Video Walkthrough Available
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.