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Full details for 2 Bedroom Flat For Sale in Ilford

Photos

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Description

Sold for £161,000. Guide Price = £125,000+

''For Sale By Public Auction 31st July 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 Two Bedroom Flat

6 Week Completion Available

Tenure
Leasehold. The property is held on a 99 year lease from 29th September 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 Valentines Park are within easy reach. Transport links are provided by Newbury Park underground station (Central line) and Ilford rail station.

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

Accommodation
Ground Floor
Reception Room with Open Plan Kitchen
Two Bedrooms
Bathroom

Exterior
The property benefits from off street 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.

EPC Rating
D

Open House Viewings:
Viewing Schedule (No Booking Required)

Thursday 18 July 13:30 - 14:00
Monday 22 July 13:30 - 14:00
Wednesday 24 July 13:30 - 14:00
Friday 26 July 13:30 - 14:00
Saturday 27 July 12:00 - 12:30
Tuesday 30 July 13:30 - 14:00


Addendum
Buyers are advised that the S42 notice in the legal pack has been removed. For the avoidance of doubt, the property is not being sold with a S42 notice.
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