A Vacant Three Bedroom End of Terrace House

The property comprises aI three bedroom end of terrace house arranged over ground and first floors. The property requires a program of refurbishment.

Tenure

Leasehold. The property is held on a 99 year lease from 29 September 1964 (thus approximately 38 years unexpired).

Location

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

Accommodation

Ground Floor Two Reception Rooms Kitchen Utility Room Separate WC First Floor Three Bedrooms Bathroom

Exterior

The property benefits from both front and rear gardens and 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. If you do not fully understand this process, please ask the auctioneers or a solicitor.

Services

Interested parties are requested to make their own enquiries to the relevant authorities as to the availability of services.

Additional Fees

Administration Charge - Purchasers will be required to pay an administration fee of £1,500 inc VAT

Disbursements - Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.