One Bedroom Flat for Auction London SE25 UNSOLD, CONTACT AUCTIONEER FOR RESERVE PRICE/AVAILABILITY STATUS

This property is from a past auction and is no longer available. Please visit our Homepage to view our current auction database
Property Types

Auction date: Wed, 31/07/2024 - 07:00

Guide Price £100,000+. The property comprises a first floor one bedroom flat situated within an end of terrace building arranged over the ground and two upper floors. The property is held on a 99 year lease from 25th March 1983 (thus approximately 57 years unexpired). Requiring refurbishment throughout. 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.

Register For further information about this property, please register
Tagged
Flat refurbishment london investment buy to let cheap property south norwood se25 property auctions south norwood property auctioneers south norwood property investments south norwood property auctions London property auctioneers London property investments london house auctioneers property auctions selling property buy property at auction sell property at auction house auctions near me UK property auctions

Why register with UK Auction List?

Member benefits include:

  • Detailed descriptions for each property that you see in the free search area. The details are displayed as they appear in the auctioneer’s catalogue, and include the address and full details of the property.
  • Streetview and Google Map location for each property.
  • A link to the full auction catalogue (if available) and a link to the auctioneer’s website.
  • Auctioneer contact form and/or telephone number for every property, allowing you to email or call the auction house to find out further details, request a legal pack or to arrange a viewing.
  • Full access to our auctioneers directory providing contact information for auction houses around the UK, plus to our auction calendar displaying forthcoming auction dates, as and when confirmed by each auction house.
  • MyUKAL facilities enabling you to save properties of interest and access to full details of unsold lots.
  • We have approval from all the auction houses that we list in our database and therefore aim to provide accurate and detailed information on every property in our database.