1 bed flat for sale in Flat 8, 116 Burnham Road, Waltham Forest, London E4, £100,000

100,000.00

Offer Nr.:
66672820
Type of ad:
for Sale
Property type:
1 bed flat
Bedrooms:
1
Contact name:
Auction House London
Phone(s):
020 3641 1932

* Leasehold
**Guide Price =** **£100, 000+
**For Sale By Public Auction 12th March 2024 08: 45 am. To inspect the legal
documents for this property go to our website to download the legal pack**
A Vacant Second Floor One Bedroom Flat
** **Tenure**
Leasehold. The property is held on a 99 year lease from 24th June 1990 (thus
approximately **65 years unexpired** ). A section 42 notice to extend the
lease will be served prior to completion, the rights of which would 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 Chase Lane Park are within easy reach. Transport
links are provided by Meridian Water rail station.
**Description**
The property comprises a second floor one bedroom flat situated within a
purpose built block arranged over ground and two upper floors.
**Accommodation**
**Second Floor**
Reception Room
Kitchen
Bedroom
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)**
Wednesday 28 February 2024 4: 30 pm - 17: 00
Friday 1 March 2024 4: 30 pm - 17: 00
Tuesday 5 March 2024 4: 30 pm - 17: 00
Thursday 7 March 2024 4: 30 pm - 17: 00
Monday 11 March 2024 4: 30 pm - 17: 00

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