Guide Price = **£190,000+
For Sale By Public Auction 19th March 2025 10:00 AM To inspect the legal documents for this property go to our website to download the legal pack
A Vacant Third Floor Two Bedroom Flat
**Tenure
Leasehold. The property is held on a 189 year lease from 17th October 1989 (thus approximately 150 years unexpired).
Location
The property is situated on a residential road close to local shops and amenities. The open spaces of Forest Lane Park are within easy reach. Transport links are provided by Stratford underground station (Central line) and rail station.
Description
The property comprises a third floor two bedroom flat situated within a mid terrace building arranged over ground and three upper floors.
Accommodation
Third Floor
Reception Room
Kitchen
Two Bedrooms
Bathroom
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:
Viewing Schedule (No Booking Required)
Wednesday 12 March 15:30 - 16:00
Friday 14 March 15:30 - 16:00
Saturday 15 March 12:00 - 12:30
Tuesday 18 March 15:30 - 16:00
Addendum
Please note the lease has a remaining 150 years not 60 years as originally published.