1 Bed Flat For Sale

Sold for £168,000. Guide Price = £120,000+

**For Sale By Public Auction 7th February 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 Garden Flat

Tenure
Leasehold. The property is held on a 99 year lease from 1st June 1982 (thus approximately 57 years unexpired).

Location
The property is situated on a residential road close to local shops and amenities. The open spaces of Abbey Way Play Area are within easy reach. The property is in close proximity to Abbey Wood rail station (Elizabeth Line, Southeastern and Thameslink)

Description
The property comprises a ground floor one bedroom flat situated within a end of terrace building arranged over ground and first floors.

Accommodation
Ground Floor
Reception Room
Kitchen
Bedroom
Bathroom

Exterior
The property benefits from a private 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.

EPC Rating
D

Open House Viewings:
Viewing Schedule (No Booking Required)

Wednesday 24 January 09:30 - 10:00
Friday 26 January 09:30 - 10:00
Tuesday 30 January 09:30 - 10:00
Thursday 1 February 09:30 - 10:00
Saturday 3 February 10:45 - 11:15
Monday 5 February 09:30 - 10:00