Guide Price = **£130,000+
For Sale By Public Auction 11th December 2024 09:00 AM To inspect the legal documents for this property go to our website to download the legal pack
A Ground and First Floor Two Bedroom Split Level Flat
**Tenure
Leasehold. The property is held on a 99 year lease from 12th November 1982 (thus approximately 57 years unexpired).
Location
The property is situated on a mixed-use road close to local shops and amenities. The open spaces of Woodside Green are within easy reach. Transport links are provided by Norwood Junction overground and rail station.
Description
The property comprises a ground and first floor two bedroom split level flat situated within an end of terrace building arranged over ground and first floors. The property requires a program of refurbishment.
Accommodation
Ground Floor
Reception Room
Kitchen
First Floor
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
E
Open House Viewings:
Viewing Schedule (No Booking Required)
Thursday 28 November 09:30 - 10:00
Monday 2 December 09:30 - 10:00
Wednesday 4 December 09:30 - 10:00
Friday 6 December 09:30 - 10:00
Saturday 7 December 10:45 - 11:15
Tuesday 10 December 09:30 - 10:00
Addendum
Please note that this property is subject to a Buyers Premium of £1,500 inc VAT. This is in addition to the buyer's admin fee of £1,500 inc VAT charged by the auctioneers. Both fees are payable to the auctioneers.