Guide Price = £230,000+

**For Sale By Public Auction 21st May 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 Two Bedroom Flat

Tenure
Leasehold. The property is held on a 189 year lease from 29th April 1970 (thus approximately 135 years unexpired).

Location
The property is situated on a residential road close to local shops and amenities. The open spaces of Plastow Park are within easy reach. Transport links are provided by Plastow underground station (District line) and West Ham rail station.

Description
The property comprises a second floor two bedroom flat situated within an end of terrace building arranged over the ground and two upper floors.

Accommodation
Ground Floor
Reception Room with Open Plan 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.

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