2 bedroom flat for sale

Overview

Guide Price = £80,000+ **For Sale By Public Auction 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 Second Floor Two Bedroom Flat Tenure Leasehold. The property is held on a 99 year lease from 29th September 1979 (thus approximately 54 years unexpired). A section 42 notice to extend the lease has been served on the freeholder, the rights of which will be assigned to the incoming buyer. Location The property is situated on a residential road close to local shops and amenities. The open spaces of South Norwood Recreation Ground are within easy reach. Transport links are provided by Norwood Junction overground and rail station. Description The property comprises a second floor two bedroom flat situated within a purpose built block arranged over ground and two upper floors. Accommodation Second Floor Reception Room with Open Plan Kitchen Two Bedrooms Bathroom Exterior The property benefits from off street parking. 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) Thursday 4 April 10:45 - 11:15 Monday 8 April 10:45 - 11:15 Wednesday 10 April 10:45 - 11:15 Friday 12 April 10:45 - 11:15 Tuesday 16 April 10:45 - 11:15 For more details and to contact: https://realtyww.info/flats_south-norwood-d533182/for-sale_i70050073

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