2 Bed Flat For Sale

Sold for £129,000. Guide Price = £80,000+

**For Sale By Public Auction 25th October 2023 08:45 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

Tenure
Leasehold. The property is held on a 99 year lease from 31st March 1971 (thus approximately 46 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. Buyers should rely on their own enquiries as to the likely costs of the lease extension.

Location
The property is situated on a residential road close to local shops and amenities. The open spaces of Eastrop Park are within easy reach. Transport links are provided by Basingstoke rail station.

Description
The property comprises a first floor two bedroom flat situated in 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 a garage.

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

Thursday 12 October 11:00 - 11:30
Wednesday 18 October 11:00 - 11:30
Saturday 21 October 11:00 - 11:30
Tuesday 24 October 12:00 - 12:30