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''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 First Floor Two Bedroom Flat
Tenure
Leasehold. The property is held on a 99 year lease from 24th June 1970 (thus approximately 44 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 Spring Farm Park are within easy reach. Transport links are provided by Rainham rail station.
Description
The property comprises a first floor two bedroom flat situated within a purpose built block arranged over ground and first floors.
Accommodation
First Floor
Reception Room
Kitchen
Two Bedrooms
Bathroom
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
Open House Viewings:
Viewing Schedule (No Booking Required)
Wednesday 24 July 09:15 - 09:45
Friday 26 July 09:15 - 09:45
Saturday 27 July 14:30 - 15:00
Monday 29 July 09:15 - 09:45 Back to listing
Full details for 2 Bedroom Flat For Sale in Rainham
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Description
Sold for £173,000. Guide Price = £80,000+''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 First Floor Two Bedroom Flat
Tenure
Leasehold. The property is held on a 99 year lease from 24th June 1970 (thus approximately 44 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 Spring Farm Park are within easy reach. Transport links are provided by Rainham rail station.
Description
The property comprises a first floor two bedroom flat situated within a purpose built block arranged over ground and first floors.
Accommodation
First Floor
Reception Room
Kitchen
Two Bedrooms
Bathroom
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
Open House Viewings:
Viewing Schedule (No Booking Required)
Wednesday 24 July 09:15 - 09:45
Friday 26 July 09:15 - 09:45
Saturday 27 July 14:30 - 15:00
Monday 29 July 09:15 - 09:45 Back to listing
