This property is no longer on the market
3 bedroom apartment
Key information
Property description & features
- Tenure: Leasehold
- 3 Bedrooms
- Investment potential
- Cash Buyers Only
- Desirable Location
- Off Street Parking
- Include Garage
- Short Lease
The flat needs updating throughout but being an excellent size will make a great light renovation project and would be highly desirable for both owner occupiers or buy to let investors. There is the potential subject to approval to make it a 4 bedroom HMO which would generate a very high rental yield.
The property benefits from a large living room, separate kitchen, two double bedrooms, one single bedroom, family bathroom, separate WC, private balcony, communal Gardens and off street parking.
The property is offered chain free and there are 56years remaining on the lease so ideally suits a cash buyer. The freeholder has quoted a price of £80,000 to extend the lease by 90 years but this can also be negotiated with them.
The current owner is willing to serve a Section 42 notice, meaning the new buyer does not have to wait 2 years before extending the lease.
Ground rent is £120 per annum
Garage can be rented out from the freeholder at a further £35 a month if desired.
This property is being sold via online auction for the convenience and assurance of sale for the benefit of both the seller and buyer.
In order to bid go to the Keller Williams Website (kwuk.com), click 'Buy' followed by 'Property Auctions'. You will then need to 'Register' and verify your email.
Then do the following via the 'Dashboard':
• Join the watchlist
• Pass an ID check
• Enter your payment details
Leasehold Information
Current ground rent and any review period:
- £120 per year
Current service charge and any review period:
- £3,444 per year
Council tax band: C
Places of interest
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*DISCLAIMER
Property reference Zjosephproperty0000616306. The information displayed about this property comprises a property advertisement. OnTheMarket.com makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and OnTheMarket.com has no control over the content provided by the agent or developer. This property advertisement does not constitute property particulars. The information is provided and maintained by Keller Williams - Home Counties & Surrey (Oxygen).
OnTheMarket may have applied supplementary data to this property listing, including:
Broadband availability and predicted speed: obtained from Ofcom on January 3, 2023
Broadband speed is measured in megabits per second, with the number returned showing how fast the connection is. Each reading is based on the highest predicted speed of any major broadband network for services that deliver the download speeds. The following are the different readings that we may display:
Basic: Up to 30 Mbit/s
Super-fast: Between 30 Mbit/s and 300 Mbit/s
Ultra-fast: Over 300 Mbit/s
The data is updated three times a year. The checker results are predictions and should not be regarded as guaranteed. For more information, see: https://checker.ofcom.org.uk/en-gb/about-checker#Answer_0_2
Mobile phone signal availability and predicted strength: obtained from Ofcom on January 13, 2023
Mobile signal predictions are provided by the four UK mobile network operators: EE, O2, Three and Vodafone. Predictions can vary significantly from the coverage you may actually experience as a result of local factors (especially terrain). Ofcom has tested the actual coverage provided in various locations around the UK to help ensure that these predictions are reasonable. The values shown against a property can be broken down as follows:
Clear: No bars, no signal predicted
Red: One bar, reliable signal unlikely
Amber: Two bars, may experience problems with connectivity
Green: Three bars, likely to have good coverage and receive a data rate to support basic web services
Enhanced: Full bars, likely to have good coverage indoors and to receive an enhanced data rate to support multimedia services
Energy Performance data and Internal floor area: obtained on May 8, 2022 from The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.
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