2 bed flat for sale

16 St. James Court, St. James's Road, Croydon, Surrey CR0

Guide Price = £80,000+

**For Sale By Public Auction 2nd July 2025 09:30 am. To inspect the legal documents for this property go to our website to download the legal pack**

A Third Floor Two Bedroom Flat Subject to an Assured Shorthold Tenancy Producing £9,840 Per Annum

Tenure
Leasehold. The property is held on a 99 year lease from 29th September 1934 (thus approximately 8 years unexpired).

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

Description
The property comprises a third floor two bedroom flat situated within a purpose built block arranged over ground and three upper floors.

Accommodation
Third Floor
Reception Room
Kitchen
Two Bedrooms
Bathroom

Exterior
The property benefits from communal gardens.

Tenancy
The property is subject to an Assured Shorthold Tenancy for a term of six months commencing 28th March 2015 at a rent of £820 per calendar month (Holding Over).

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. In most cases, the leaseholder must have owned the property for at least 2 years in order to serve a S42 notice. If you do not fully understand this process, please ask the auctioneers or a solicitor.

EPC Rating
E


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