£550,000 /Sale price

The PropertyBeautifully decorated new-build flat in Elephant and Castle. This spacious 2-bed, 2-bath flat comes with air conditioning and a large balcony. It is finished and maintained to an excellent standard. The property is south-facing with large floor-to-ceiling windows in every room. The building is only seven years old so everything is still in good working condition and the management company is run by the residents (known as an RTM Company) and delivers an excellent service (unheard of in London!).The flat is around a ten minute walk to both Kennington and Elephant & Castle stations and is situated just off Walworth Road, very near all the great shops, restaurants and Elephant Park area but enjoys the peace and quiet of being set back from high street.Lease Information150 years from January 1st 2017. All prospective purchasers are advised to make their own enquiries and verify this information with a solicitor.Service ChargesGround rent is £450 per annum with first review due in 2032 and then every 10 years thereafter. Service charge is £320 per month reviewed annually which includes gas. It is likely to be reduced closer to £250 per month following the reduction in building insurance premium that should be achieved in the next two years. All prospective purchasers are advised to make their own enquiries and verify this information with a solicitor.Property ownership informationGround rent review period: No review periodService charge review period: Every 1 yearLease end date: 31/12/2166Property Description DisclaimerThis is a general description of the property only, and is not intended to constitute part of an offer or contract. It has been verified by the seller(s), unless marked as 'draft'. Purplebricks conducts some valuations online and some of our customers prepare their own property descriptions, so if you decide to proceed with a viewing or an offer, please note this information may have been provided solely by the vendor, and we may not have been able to visit the property to confirm it. If you require clarification on any point then please contact us, especially if you're traveling some distance to view. All information should be checked by your solicitor prior to exchange of contracts.Successful buyers will be required to complete anti-money laundering and proof of funds checks. Our partner, Lifetime Legal Limited, will carry out the initial checks on our behalf. The current non-refundable cost is £80 inc. VAT per offer. You'll need to pay this to Lifetime Legal and complete all checks before we can issue a memorandum of sale. The cost includes obtaining relevant data and any manual checks and monitoring which might be required, and includes a range of benefits. Purplebricks will receive some of the fee taken by Lifetime Legal to compensate for its role in providing these checks.