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2 Bed Flat, Single Let, Barking, IG11 8LD £160,000

301 Gurney Close, Barking, Essex, IG11 8LD - 1 views - a month ago
  1. Deal Search
  2. Barking
  3. IG11
  4. IG11 8LD
Leasehold
Auction
BTL
ROI: 15%
43 m²

ValuationUndervalued

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Links

  • More Deals in Barking
  • More Deals in IG11
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  • More Single Let Deals in Barking
  • More Single Let Deals in IG11

Property History

Listed for £160,000

November 18, 2025

Sold for £73,500

2002

Floor Plans

Description

Guide Price = **£160,000+

For Sale By Public Auction 10th December 2025 09:30 AM To inspect the legal documents for this property go to our website to download the legal pack

A First Floor Two Bedroom Flat

**Tenure
Leasehold. The property is held on a 99 year lease from 29th September 1984 (thus approximately 57 years unexpired).

Location
The property is situated on a residential road close to local shops and amenities. The open spaces of Barking Park are within easy reach. Transport links are provided by Barking underground station (Circle & District and Hammersmith & City lines) and rail station.

Description
The property comprises a first floor two bedroom flat situated within a purpose built building arranged over ground and first floors. The property requires a program of refurbishment.

Accommodation
First 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. If you do not fully understand this process, please ask the auctioneers or a solicitor.

EPC Rating
C

Addendum
Please note that this property is subject to a Buyers Premium of £1,560 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.

Agent Details

Auction House London, Hampstead

020 3897 6030

Next Steps?

This deal was sourced from Rightmove. Contact the landlord/agent for a viewing now 💪

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