1 Bed Flat For Sale

Sold for £156,000. Guide Price = £80,000+



**For Sale By Public Auction 26th June 2024 09:30 AM To inspect the legal documents for this property go to our website to download the legal pack**



A Vacant Ground Floor One Bedroom Flat



6 Week Completion Available



Tenure

Leasehold. The property is held on a 99 year lease from 2nd February 1979 (thus approximately 53 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 Napsbury Park are within easy reach. Transport links are provided by How Wood rail station.



Description

The property comprises a ground floor one bedroom flat situated within a purpose built block arranged over ground and two upper floors.



Accommodation

Ground Floor

Reception Room

Kitchen

Bedroom

Bathroom



Exterior

The property benefits from a garage and 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.



Open House Viewings:

Viewing Schedule (No Booking Required)



Thursday 13 June 11:45 - 12:15

Saturday 15 June 11:00 - 11:30

Monday 17 June 11:45 - 12:15

Wednesday 19 June 11:45 - 12:15

Friday 21 June 11:45 - 12:15

Tuesday 25 June 11:45 - 12:15