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Full details for 2 Bedroom Flat For Sale in Tooting
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Description
You MUST read the notes below about the lease length and extending the lease before enquiring about this property. A fabulous two double bedroom garden flat forming part of private purpose built block which is situated in a sought after residential area known as 'The Heaver Estate'. The flat benefits from two double bedrooms, a lovely quiet private patio area, an external storage space, parquet flooring, independent gas central heating and it has a separate WC from the bathroom.
There are excellent overground and underground transport linksnearby at Balham and Tooting Bec and a wide range of shops, bars, cafes and restaurants in Balham Town Centre. For those that enjoy the outdoors, the flat is also only a short walk away from Tooting Bec Common.
Leasehold: The current lease is 99 years from 25th March 1995 leaving circa 70 years unexpired. The flat has been priced to reflect the current lease length. There is a possibility of obtaining a statutory extension of the lease which would add 90 years to the unexpired term (making it circa 160 years). Our clients surveyor has estimated the cost of this to be a premium of circa £45,000 plus costs. Our client would be willing to serve the relevant notice on the freeholder allowing the incoming purchaser to complete the process without having to wait for the qualifying 2 years to elapse. The incoming purchaser would need to get their solicitor to draft the relevant notice and it would be served on the freeholder between exchange and completion. The incoming purchaser would be liable for the premium and costs relating to obtaining the lease extension and you must be aware that the final figure for the premium will be subject to negotiation.
Current Ground Rent: £75 a year rising to £150 from 25th March 2028. The ground rent will rise to £225 from 25th March 2061. NOTE: If the statutory lease extension is completed the Ground Rent will reduce to a peppercorn rent (nil).
Council Tax: Wandsworth Band C 2024/25= £889.15.
Service Charge: £890.10 for the period 25.03.2024 to 28.09.2024, £779.91 for the period 29.09.2023 to 24.03.2024.
Rochford Stokes Estate Agents in Battersea are the Vendors sole agents
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