3 bed semi-detached house for sale

85 Babington Road, Streatham, London SW16

Guide Price = £250,000+

**For Sale By Public Auction 28th May 2025 09:30 am. To inspect the legal documents for this property go to our website to download the legal pack**

A Vacant Three Bedroom Semi Detached House Held on Short Lease

Tenure
Leasehold. The property is held on a 50 year lease from 13th March 1998 (thus approximately 22 years unexpired). The property is subject to a modern ground rent payable with effect from 13 March 2023 at £23,500 Per Annum.

Location
The property is situated on a residential road close to local shops and amenities. The open spaces of Streatham Common are within easy reach. Transport links are provided by Streatham rail station.

Description
The property comprises a three bedroom semi detached house arranging over ground and two upper floors. The property requires a program of refurbishment.

Accommodation
Ground Floor
Two Reception Rooms
Storage Room

First Floor
Reception Room
Kitchen
Bedroom
Bathroom
Separate WC

Second Floor
Two Bedrooms

Further Information
When purchasing a flat that has a short lease, it is important to understand that in addition to the purchase price, if you wish to extend the lease to 90+ years, you will need to pay a premium to the freeholder. This is done by way of serving a Section 42 notice to the freeholder requesting a lease extension with a suggested price for the extension. The freeholder has the right to refuse the offer and submit a counter notice with their suggested price. If you do not fully understand this process, please ask the auctioneers or a solicitor.

EPC Rating
E


Addendum
Please note that this property is subject to a Buyers Premium of £900 inc VAT. This is in addition to the buyer's admin fee of £1,500 inc VAT charged by the auctioneers. Both fees are payable to the auctioneers.