Property for Auction in London - [Print Version]

Auction Date:

Wed 25/10/2023

Start Time

08:45

Property Type:

Other

The property comprises a first floor three bedroom flat situated within a purpose built block arranged over ground and two upper floors.

Location

The property is situated on a residential road close to local shops and amenities. The open spaces of Warley Place Nature Reserve are within easy reach. Transport links are provided by Brentwood underground (Elizabeth line) and rail stations.

Accommodation

First Floor Reception Room Kitchen Three Bedrooms Bathroom

Exterior

The property benefits from communal 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. 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.

Tenure

Leasehold. The property is held on a 111 year lease from 14th September 1981 (thus approximately <b>69 years unexpired</b>). A section 42 notice to extend the lease has been served on the freeholder.

Location Map