2 bedroom flat for sale

Overview

Guide Price = £100,000+ **For Sale By Public Auction 21st May 2024 08:45 AM To inspect the legal documents for this property go to our website to download the legal pack** A Vacant First Floor Two Bedroom Flat Tenure Leasehold. The property is held on a 99 year lease from 25th December 1973 (thus approximately 48 years unexpired). A section 42 notice to extend the lease will be served prior to completion, the rights of which would 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 Plastow Park are within easy reach. Transport links are provided by Canning Town underground station (Jubilee line) and West Ham rail station. Description The property comprises a first floor two bedroom flat situated within a mid terrace building arranged over the ground and first floors. The property requires a program of refurbishment. Accommodation First Floor Reception Room Kitchen Bedroom Bathroom Exterior The property benefits from a rear garden. 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. For more details and to contact: https://realtyww.info/flats_plaistow-d539766/for-sale_i71167769

---

Disclaimer

The information about this listing comprises a listing advertisement. Listanza makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information. Further, Listanza has no control over the content. The information is provided and maintained by the owner/agent. Please contact the owner/agent directly to obtain any additional information.