Guide Price = **£165,000+
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 Vacant First Floor Two Bedroom Flat
**Tenure
Leasehold. The property is held on a 99 year lease from 24th June 1987 (thus approximately 61 years unexpired). A section 42 notice to extend the lease has been served on the freeholder, the rights of which will 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 Lyttelton Playing Fields are within easy reach. Transport links are provided by East Finchley underground station (Northern line) and Hendon rail station.
Description
The property comprises a first floor two bedroom flat situated within a mid terrace building arranged over ground and two upper floors.
Accommodation
First Floor
Reception Room
Kitchen
Two Bedrooms
Bathroom
Exterior
The property benefits from a private balcony.
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
F
Open House Viewings:
Viewing Schedule (No Booking Required)
Friday 6 December 14:15 - 14:45
Saturday 7 December 12:00 - 12:30
Tuesday 10 December 14:15 - 14:45