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" Guide Price £110,000

For Sale By Public Auction 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 First Floor Two Bedroom Maisonette

Tenure
Leasehold. The property is held on a 99 year lease from 1st March 1957 thus approximately 32 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 Raphael Park are within easy reach. Transport links are provided by Gidea Park underground station Elizabeth line and rail station which is a short walk away.

Description
The property comprises a first floor two bedroom maisonette situated within a semi detached building arranged over ground and first floors.

Accommodation
First Floor
Reception Room
Kitchen
Two Bedrooms
Bathroom
Separate WC

Exterior
The property benefits from a private rear garden.

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
D

Open House Viewings Video Walkthrough Available
Viewing Schedule No Booking Required "