House For Sale £70,000
Guide Price = £70,000+
*For Sale By Online PublicAuction 25th October 2023 08:45 AM. To inspect the legal documents for this property go to our website to download the legal pack*
A Vacant Ground Floor Two Bedroom Maisonette
Tenure
Leasehold. The property is held on a 99 year lease from 25th March 1938 (thus approximately 13 years unexpired). At the buyer's request and costs a section 42 notice to extend the lease will be served prior to completion, the rights of which would be assigned to the incoming buyer.
Location
The property is situated on a residential road close to local shops and amenities. The open spaces of Southend Park are within easy reach. Transport links are provided by Lower Sydenham rail station which is within walking distance.
Description
The property comprises a ground floor two bedroom maisonette situated within a semi detached house arranged over ground and first floors.
Accommodation
Ground Floor
Reception Room
Kitchen
Two Bedrooms
Bathroom
Accommodation
Exterior
The property benefits from a private rear garden.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
*For Sale By Online PublicAuction 25th October 2023 08:45 AM. To inspect the legal documents for this property go to our website to download the legal pack*
A Vacant Ground Floor Two Bedroom Maisonette
Tenure
Leasehold. The property is held on a 99 year lease from 25th March 1938 (thus approximately 13 years unexpired). At the buyer's request and costs a section 42 notice to extend the lease will be served prior to completion, the rights of which would be assigned to the incoming buyer.
Location
The property is situated on a residential road close to local shops and amenities. The open spaces of Southend Park are within easy reach. Transport links are provided by Lower Sydenham rail station which is within walking distance.
Description
The property comprises a ground floor two bedroom maisonette situated within a semi detached house arranged over ground and first floors.
Accommodation
Ground Floor
Reception Room
Kitchen
Two Bedrooms
Bathroom
Accommodation
Exterior
The property benefits from a private rear garden.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
