Sold for £231,000. Guide Price = **£150,000+
For Sale By Public Auction 13th November 2024 10:00 AM To inspect the legal documents for this property go to our website to download the legal pack
A Ground Floor Two Bedroom Garden Flat. Offered with Vacant Possession
**Tenure
Leasehold. The property is held on a 99 year lease from 24th June 1980 (thus approximately 54 years unexpired). 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 Little Ilford Park are within easy reach. Transport links are provided by Woodgrange Park overground station, East Ham underground station (Circle line) and Barking rail station.
Description
The property comprises a ground floor two bedroom flat situated within a mid terrace building arranged over ground and first floors.
Accommodation
Ground Floor
Reception Room
Kitchen
Two Bedrooms
Bathroom
Exterior
The property benefits from a 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
Viewing Schedule (No Booking Required)
Monday 4 November 15:30 - 16:00
Tuesday 5 November 15:30 - 16:00
Monday 11 November 16:30 - 17:00