£85,000
2 bedroom flat for sale
Hertfordshire, SG1 1JG
flat 
2 bedrooms Property description
Guide Price = £85,000+
*For Sale By Online PublicAuction 16th October 2025 09:30 AM. To inspect the legal documents for this property go to our website to download the legal pack*
A Eighth Floor Two Room Flat Subject to a Lease Producing £15,827.76 Per Annum
Tenure
Leasehold. The property is held on a 119 year lease from 5th September 1988 (thus approximately 82 years unexpired).
Location
The property is situated on a residential road close to local shops and amenities. The open spaces of King George V Recreation Ground are within easy reach. Transport links are provided by Stevenage rail station.
Description
The property comprises a eighth floor two room flat situated within a purpose built block arranged over ground and twelve upper floors. The property benefits from a lift. The property requires a program of refurbishment.
Accommodation
Eighth Floor
Reception Room/Kitchen
Two Rooms
Bathroom
Accommodation
Tenancy
The property is let to THE MAYOR AND BURGESSES OF THE LONDON BOROUGH OF LEWISHAM for a term of 3 years commencing 15th September 2025 at a rent of £15,827.76 per annum.
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
F
Viewing Appointments to be Confirmed
*For Sale By Online PublicAuction 16th October 2025 09:30 AM. To inspect the legal documents for this property go to our website to download the legal pack*
A Eighth Floor Two Room Flat Subject to a Lease Producing £15,827.76 Per Annum
Tenure
Leasehold. The property is held on a 119 year lease from 5th September 1988 (thus approximately 82 years unexpired).
Location
The property is situated on a residential road close to local shops and amenities. The open spaces of King George V Recreation Ground are within easy reach. Transport links are provided by Stevenage rail station.
Description
The property comprises a eighth floor two room flat situated within a purpose built block arranged over ground and twelve upper floors. The property benefits from a lift. The property requires a program of refurbishment.
Accommodation
Eighth Floor
Reception Room/Kitchen
Two Rooms
Bathroom
Accommodation
Tenancy
The property is let to THE MAYOR AND BURGESSES OF THE LONDON BOROUGH OF LEWISHAM for a term of 3 years commencing 15th September 2025 at a rent of £15,827.76 per annum.
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
F
Viewing Appointments to be Confirmed
Property photos
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First listed
TodayHertfordshire, SG1 1JG
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Auction House London - Hampstead 5 Hampstead Gate, 1a Frognal Hampstead, London NW3 6ALCall agent on 020 8022 1911
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Hertfordshire, SG1 1JG - Streetview
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