1 bed Flat For Sale £120,000
18 Mosslea Road, Penge, London, SE20 7BW

Guide Price = £120,000+

*For Sale By Online PublicAuction 17th April 2024 08:45 AM. To inspect the legal documents for this property go to our website to download the legal pack*

A Vacant Lower Ground One Bedroom Flat

Tenure
Leasehold. The property has approximately 60 years unexpired on the lease.

Location
The property is situated on a residential road close to local shops and amenities. The open spaces of Crystal Palace Park are within easy reach. Transport links are provided by Penge West overground and rail stations.

Description
The property comprises a lower ground one bedroom flat situated within an end of terrace building arranged over the lower ground, ground and first floors. The property requires a program of refurbishment.

Accommodation
Lower Ground Floor
Reception Room
Kitchen
Bedroom
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
EPC Rating
D

Viewing Schedule (No Booking Required)

Friday 5 April 2024 12:00 PM - 12:30
Monday 8 April 2024 11:00 AM - 11:30
Thursday 11 April 2024 11:00 AM - 11:30
Saturday 13 April 2024 11:00 AM - 11:30
Monday 15 April 2024 11:00 AM - 11:30