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" Sold for £135,000. Guide Price = £65,000+ **For Sale By Public Auction 21st May 2024 09:30 AM To inspect the legal documents for this property go to our website www.auctionhouselondon.co.uk to download the legal pack** A Vacant First Floor One Bedroom Flat Tenure Leasehold. The property is held on a 99 year lease from 25th March 1983 (thus approximately 57 years unexpired). Location The property is situated on a residential road close to local shops and amenities. The open spaces of Grangewood Park are within easy reach. Transport links are provided by Norwood Junction overground and rail stations. Description The property comprises a first floor one bedroom flat situated within an end of terrace building arranged over the ground and two upper floors. Accommodation First Floor Reception Room with Open-Plan Kitchen Bedroom Bathroom Separate WC Exterior The property benefits from a parking space. 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 Open House Viewings: Viewing Schedule (No Booking Required) Tuesday 7 May 13:30 - 14:00 Thursday 9 May 13:30 - 14:00 Saturday 11 May 14:00 - 14:30 Monday 13 May 13:30 - 14:00 Wednesday 15 May 13:30 - 14:00 Friday 17 May 13:30 - 14:00 Addendum The property benefits from a parking space. "