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 20, 2024

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£120,000

Available

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020 7625 9007

By Auction House London

Description

" Guide Price £120,000

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 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

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.

Open House Viewings To Be Confirmed "

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Listing data

Data
1 beds
Flat
26 days on market

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