Sold for £185,000

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A recently refurbished 1 bedroom first floor flat presented in excellent order and ready for occupation, share of freehold, vacant.

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Description/Location

The flat is well situated in the sought after Commonwealth Estate, Ilford Station (Crossrail) 0.3 miles. The flat benefits from contemporary kitchen and bathroom fittings and gas heating via radiators, there is a communal garden at the rear. It will be of interest to owner occupiers as well as landlords, we estimate the current rental value is £950 pcm. We refer bidders to the legal pack for details of the section 20 notice relating to works to improve the appearance of the entrance and internal communal areas of the building.

Tenure

Share of Freehold. We are advised there are 5 flats in the title and that the freehold is held by 3 parties, they have an equal share in the annual collective ground rent of £1250.

Local Authority

London Borough of Redbridge

Viewing

Please contact Elliott Network Auctions on 01923 240420

Accommodation

First Floor: Entrance hall, living room with kitchen, bedroom, bathroom. Outside: Communal rear garden. Energy Rating: D/67

Rent

ERV: £11,400 PA

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*Guide Price & Reserves

Generally speaking Guide Prices are provided as an indication of each seller’s minimum expectation. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Virtually every property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide.

The “Important Notes For Auction Buyers” at the front of the catalogue includes a definition of “Guide Price & Reserve Price”. All properties are subject to a purchaser’s administration fee of £1,500 + VAT unless otherwise stated in the addendum (£420 inc VAT for lots with guide prices up to £3,000). If the purchaser is liable for any further costs these will be stated within the Special Conditions of the legal pack, that have been produced by the seller’s lawyer, a copy of which can be downloaded from our website.