A well-presented 1-bedroom balcony flat situated on the first floor of a contemporary block. Vacant.

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Description/Location

Prime central location close to local amenities, East Croydon Station 1 mile. We estimate the current rental value is £1300 pcm / £15,600 pa. The block has an EWS1 (external wall fire safety) Certificate.

Tenure

Leasehold: 999 years from October 2017
Ground rent: £225 pa. Service charge: £1975.96 pa

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Accommodation

First Floor: 30 sqm / 323 sq ft (source EPC). Open plan living room and kitchen with doors to the balcony. Bedroom, bathroom.

Rent

ERV: £15,600 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 £2,100 (inc. VAT) unless otherwise stated in the addendum (£600 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.