Sold for £411,000. Guide Price = **£330,000+
For Sale By Public Auction 15th October 2024 09:30 AM To inspect the legal documents for this property go to our website to download the legal pack
A Vacant Second Floor Three Bedroom Flat
By Order of the Executors
**Tenure
Leasehold. The property is held on a 125-year lease from 25th March 1978 (thus approximately 79 years unexpired). The garage is held on a 125 year lease from 25th May 1978 (thus approximately 79 years unexpired).
Location
The property is situated on a residential road close to local shops and amenities. The open spaces of Wanstead Park are within easy reach. Transport links are provided by Snaresbrook station (Central line).
Description
The property comprises a second floor three bedroom flat situated within a purpose built building arranged over ground and three upper floors.
Accommodation
Second Floor
Reception Room
Kitchen
Three Bedrooms (One En-Suite)
Bathroom
Exterior
The property benefits from a private balcony, communal gardens and a garage.
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
C
Open House Viewings:
Viewing Schedule (No Booking Required)
Thursday 3 October 09:00 - 09:30
Monday 7 October 09:00 - 09:30
Wednesday 9 October 09:00 - 09:30
Friday 11 October 09:00 - 09:30
Saturday 12 October 11:30 - 12:00