2 Bed Flat For Sale

Guide Price = £85,000+



**For Sale By Public Auction 19th March 2025 10:00 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



6 Week Completion Available



Tenure

Leasehold. The property is held on a 99 year lease from 1st July 1986 (thus approximately 60 years unexpired).



Location

The property is situated on a residential road close to local shops and amenities. The open spaces of Woodham Fen are within easy reach. Transport links are provided by South Woodham Ferrers rail station.



Description

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



Accommodation

First Floor

Reception Room

Kitchen

Two Bedrooms

Bathroom



Exterior

The property benefits from communal gardens and allocated 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.