Auction House London Estate Agent in NW3 6AL

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020 7625 9007

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1 bed Flat property

Available

For Sale

Listed Apr 24, 2024

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£10,000

Available

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020 7625 9007

By Auction House London

Transaction history

£25,120 Apr 15, 2016

£12,000 Dec 23, 2015

£10,000 Oct 17, 2013

£43,500 Jun 4, 2008

£25,000 Apr 16, 2004

£16,000 Feb 5, 2003

£12,300 Mar 31, 1999

£10,000 Apr 9, 1998

Description

" Guide Price £10,000

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 Second Floor One Bedroom Flat. ERV £4,069 Per Annum Source LHA Rate .

Tenure
Leasehold. The property is held on a 99 year lease from 1st December 1989 thus approximately 64 years unexpired .

Location
The property is situated on a residential road close to local shops and amenities. The open spaces of Wansbeck Riverside Park are within easy reach. Transport links are provided by Pegswood rail station.

Description
The property comprises a second floor one bedroom flat situated within a purpose built block arranged over ground and two upper floors.

Accommodation
Second Floor
Reception Room with Open Plan Kitchen
Bedroom
Bathroom

Exterior
The property benefits from communal gardens and off street parking.

Tenancy
The LHA rate for a one bedroom property in the area is £78.25 per week £4,069 per annum source lha direct.voa.gov.uk .

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

Viewing Schedule No Booking Required

Wednesday 3 April 11 00 11 30
Saturday 6 April 13 30 14 00
Thursday 11 April 11 00 11 30 "

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Listing data

Data
1 beds
Flat
30 days on market

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