Sold for £160,000

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A 2 bedroom ground floor garden flat subject to an assured tenancy producing £6,180 pa.

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Description/Location

The assured tenancy commenced 15/04/1996, the current rent is £515 pcm. We estimate the current market rent is £1200 pcm. Upton Park tube station 0.6 miles, East Ham 0.7 miles.

Tenure

Leasehold - Term 99 years from 25/03/1987

Local Authority

London Borough of Newham

Viewing

Network Auctions - 020 7871 0420

Accommodation

Ground floor: Entrance hall, living room, kitchen, 2 bedrooms, bathroom Outside: Rear garden

Rent

Current rent £6,180 per annum

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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.