No longer on the market
This property is no longer on the market
Floorplan
Map
Area stats1 bedroom flat
Auction
Sold STC
Flat
1 bed
1 bath
Key information
Tenure: Leasehold | 67 yrs left
Council tax: Ask agent
Broadband: Ultra-fast 1000Mbps *
Mobile signal:
EEO2ThreeVodafone
Features and description
Sold for £125,000.Guide Price = £115,000+
*For Sale By Online PublicAuction 11th December 2024 09:00 AM. To inspect the legal documents for this property go to our website to download the legal pack*
A First Floor One Bedroom Flat
Tenure
Leasehold. The property is held on a 99 year lease from 1st September 1993 (thus approximately 67 years unexpired).
Location
The property is situated on a residential road close to local shops and amenities. The open spaces of Riverside Gardens are within easy reach. Transport links are provided by Erith rail station.
Description
The property comprises a first floor one 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
Bedroom
Bathroom
Accommodation
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.
EPC Rating
E
Open House Viewings:
Viewing Schedule (No Booking Required)
Wednesday 27 November 2024 4:00 PM - 16:30
Friday 29 November 2024 4:00 PM - 16:30
Thursday 5 December 2024 4:00 PM - 16:30
Saturday 7 December 2024 12:45 PM - 13:15
Monday 9 December 2024 4:00 PM - 16:30
Addendum
Please note that this property is subject to a Buyers Premium of £1,500 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.
*For Sale By Online PublicAuction 11th December 2024 09:00 AM. To inspect the legal documents for this property go to our website to download the legal pack*
A First Floor One Bedroom Flat
Tenure
Leasehold. The property is held on a 99 year lease from 1st September 1993 (thus approximately 67 years unexpired).
Location
The property is situated on a residential road close to local shops and amenities. The open spaces of Riverside Gardens are within easy reach. Transport links are provided by Erith rail station.
Description
The property comprises a first floor one 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
Bedroom
Bathroom
Accommodation
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.
EPC Rating
E
Open House Viewings:
Viewing Schedule (No Booking Required)
Wednesday 27 November 2024 4:00 PM - 16:30
Friday 29 November 2024 4:00 PM - 16:30
Thursday 5 December 2024 4:00 PM - 16:30
Saturday 7 December 2024 12:45 PM - 13:15
Monday 9 December 2024 4:00 PM - 16:30
Addendum
Please note that this property is subject to a Buyers Premium of £1,500 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.
Area statistics
Crime score
Moderate crime
5/10
Home prices (average)
1 bedroom flats
£169,741
£169,741
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.