2 Bed Flat For Sale

Sold for £285,000. Guide Price = £170,000+

**For Sale By Public Auction 12th March 2024 08:45 AM To inspect the legal documents for this property go to our website to download the legal pack**

A Vacant Ground Floor Two Bedroom Flat

Tenure
Leasehold. The property is held on a 125 year lease from 25th March 1979 (thus approximately 80 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 Roding Valley Park are within easy reach. Transport links are provided by South Woodford underground station (Central line) and Goodmayes rail station.

Description
The property comprises a ground floor two bedroom flat situated within a mid terrace building arranged over ground and first floor.

Accommodation
Ground Floor
Reception Room
Kitchen
Two Bedrooms
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.

EPC Rating
C

Viewing Schedule (No Booking Required)
Video Walkthrough Available

Friday 1 March 14:45 - 15:15
Tuesday 5 March 14:45 - 15:15
Thursday 7 March 14:45 - 15:15
Saturday 9 March 12:30 - 13:00
Monday 11 March 14:45 - 15:15