Sold for £20,000

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A large basement (67 sqm / 721 sq ft, source - planning drawings) with a garden forming part of a semi detached dwelling converted to apartments. Development potential, vacant.

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Description/Location

The basement has been used as a storage area and has good potential for residential use with natural light and 7-8 ft ceiling height. An application for conversion to a 2 bedroom flat Ref: 21/00393/FUL was refused by Croydon Council on grounds of layout and other conditions. We believe an amended application for a 1 bedroom or studio apartment could comply with the conditions and be approved - subject to consent. We are advised that 35 Avondale Road was granted residential consent for a basement conversion in 2018 and that other basements in nearby buildings have been granted certificates of lawfulness for flat conversions.

Tenure

Leasehold: 125 years from 26/05/2021

Local Authority

London Borough of Croydon

Viewing

Please contact Elliott Network Auctions on 01923 240420

Accommodation

Lower Ground Floor: Large basement store area with natural light and good ceiling height. Outside: 30ft rear garden. Network Auctions have not inspected the property, information supplied by the seller. Buyers are deemed to have inspected prior to bidding.

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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.