A ground floor studio/one bedroom flat with private garden.
The property does require updating and modernisation, but offers considerable potential to create a comfortable home or investment property. A particular benefit is the new 175-year lease, providing excellent long-term security of tenure.
The property is offered with immediate vacant possession, making it ideal for owner-occupiers, first-time buyers or investors looking for a project with scope to add value.
Leasehold
Unexpired Years: 175
Annual Ground Rent: £150
Ground Rent Increase: 25 years
Ground Rent Review Period: N/A
Annual Service: £900
These details are to be confirmed by the vendor's solicitor and must be verified by a buyer's solicitor.
Agents Note: Where this property is subject to estate management, service, and/or ground rent charges, an administrative fee may be payable to the management company to transfer these charges into the buyer’s name upon completion.
ADDITIONAL INFORMATION
- Gas is not connected to the building
Materials used in construction: ASK AGENT
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Should a purchaser(s) have an offer accepted on a property marketed by Charters Estate Agents, they will need to undertake an identification check. This is done to meet our obligation under Anti Money Laundering Regulations (AML) and is a legal requirement. We use a specialist third party service to verify your identity. The cost of these checks is £60 inc. VAT per purchaser, which is paid in advance, when an offer is agreed and prior to a sales memorandum being issued. This charge is non-refundable under any circumstances.

