A spacious and well presented, first floor apartment (640 sq ft). Forming part of a purpose built development for occupants aged 65+ (65/50 if a couple). Vacant.

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Description/Location

We estimate the current rental value is circa £900 - £1000 pm. Residents benefit from the support of an Estate Manager with assistants (24 hour cover), residents lounge, function room and restaurant, guest suite, emergency call system and video camera entry system. Outside there are mature, landscaped grounds with communal parking and a battery car store. The development is wheelchair accessible with lifts to all floors.

The apartment was purchased in 2006 for £232,950. Last recorded sale prices (HMLR data) Flat 39 - £160,000 -18/05/2023, Flat 48 - £185,000 - 28/11/2022.

Tenure

Leasehold: 125 years from 2006 (107 years unexpired)

Viewing

Network Auctions - 020 7871 0420

Accommodation

First Floor: Front door to entrance hall with storage, sitting room, kitchen, double bedroom, bathroom.

Rent

ERV: £14,400 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.