1 bed Flat For Sale £160,000
Guide Price = £160,000+
**For Sale By Public Auction 8th February 2023 09:00 am. To inspect the legal documents for this property go to our website to download the legal pack**
A Vacant Third Floor One Bedroom Flat
Tenure
Leasehold. The property is held on a 99 year lease from 25th December 2005 (thus approximately 82 years unexpired).
Location
The property is situated in Croydon close to local shops and amenities. The open spaces of Lloyd Park are also within close proximity. Transport links are provided by East Croydon rail station.
Description
The property comprises a third floor one bedroom flat situated within a end of terrace building arranged over lower ground and three upper floors.
Accommodation
Third Floor
Reception Room
Kitchen
Bedroom
Bathroom
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.
Open House Viewings:
Viewing Schedule (No Booking Required)
Friday 27 January 2023 12:00 pm - 12:30
Tuesday 31 January 2023 12:00 pm - 12:30
Thursday 2 February 2023 12:00 pm - 12:30
Monday 6 February 2023 12:00 pm - 12:30
**For Sale By Public Auction 8th February 2023 09:00 am. To inspect the legal documents for this property go to our website to download the legal pack**
A Vacant Third Floor One Bedroom Flat
Tenure
Leasehold. The property is held on a 99 year lease from 25th December 2005 (thus approximately 82 years unexpired).
Location
The property is situated in Croydon close to local shops and amenities. The open spaces of Lloyd Park are also within close proximity. Transport links are provided by East Croydon rail station.
Description
The property comprises a third floor one bedroom flat situated within a end of terrace building arranged over lower ground and three upper floors.
Accommodation
Third Floor
Reception Room
Kitchen
Bedroom
Bathroom
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.
Open House Viewings:
Viewing Schedule (No Booking Required)
Friday 27 January 2023 12:00 pm - 12:30
Tuesday 31 January 2023 12:00 pm - 12:30
Thursday 2 February 2023 12:00 pm - 12:30
Monday 6 February 2023 12:00 pm - 12:30
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