No longer on the market
This property is no longer on the market
Floorplan
Map1 bedroom flat
Auction
Flat
1 bed
581
EPC rating: D
Key information
Tenure: Leasehold
Council tax: Ask agent
Features and description
Guide Price = £120,000+
*For Sale By Online PublicAuction 17th April 2024 08:45 AM. To inspect the legal documents for this property go to our website to download the legal pack*
A Vacant Lower Ground One Bedroom Flat
Tenure
Leasehold. The property has approximately 60 years unexpired on the lease.
Location
The property is situated on a residential road close to local shops and amenities. The open spaces of Crystal Palace Park are within easy reach. Transport links are provided by Penge West overground and rail stations.
Description
The property comprises a lower ground one bedroom flat situated within an end of terrace building arranged over the lower ground, ground and first floors. The property requires a program of refurbishment.
Accommodation
Lower Ground Floor
Reception Room
Kitchen
Bedroom
Bathroom
Accommodation
Exterior
The property benefits from a private rear garden.Note
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.
Planning
EPC Rating
D
Viewing Schedule (No Booking Required)
Friday 5 April 2024 12:00 PM - 12:30
Monday 8 April 2024 11:00 AM - 11:30
Thursday 11 April 2024 11:00 AM - 11:30
Saturday 13 April 2024 11:00 AM - 11:30
Monday 15 April 2024 11:00 AM - 11:30
*For Sale By Online PublicAuction 17th April 2024 08:45 AM. To inspect the legal documents for this property go to our website to download the legal pack*
A Vacant Lower Ground One Bedroom Flat
Tenure
Leasehold. The property has approximately 60 years unexpired on the lease.
Location
The property is situated on a residential road close to local shops and amenities. The open spaces of Crystal Palace Park are within easy reach. Transport links are provided by Penge West overground and rail stations.
Description
The property comprises a lower ground one bedroom flat situated within an end of terrace building arranged over the lower ground, ground and first floors. The property requires a program of refurbishment.
Accommodation
Lower Ground Floor
Reception Room
Kitchen
Bedroom
Bathroom
Accommodation
Exterior
The property benefits from a private rear garden.Note
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.
Planning
EPC Rating
D
Viewing Schedule (No Booking Required)
Friday 5 April 2024 12:00 PM - 12:30
Monday 8 April 2024 11:00 AM - 11:30
Thursday 11 April 2024 11:00 AM - 11:30
Saturday 13 April 2024 11:00 AM - 11:30
Monday 15 April 2024 11:00 AM - 11:30
About this agent
Auction House London is the largest branch of the Auction House UK brand. Auction House holds more auctions annually than any other firm of auctioneers in the UK and sold 4,957 properties throughout 2018 – over 1,000 properties more than our closest rivals. Co-founded by Andrew Binstock and Jamie Royston in 2011, Auction House London has grown year on year in its relatively short history to become one of the top 5 residential property auctioneers in the UK. We adopt a modern and dynamic approach to offering high quality auction facilities to both corporate and independent sellers and buyers. We firmly believe in the importance of extensive online marketing campaigns in addition to the traditional offline methods. Our forward thinking approach to auctions has been regularly applauded and we are very proud to be recognised as offering extremely high levels of customer service to all of our clients. With a proven track record in residential and commercial investments and property auctions, the team offers a fresh and energetic approach to their auctions, providing a quality service that achieves the right results for all parties.