3 bed flat for sale

283B Malden Road, Cheam, Sutton SM3

Guide Price = £140,000+

**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 First and Second Floor Three Bedroom Split Level Flat Subject to a Guaranteed Rent Agreement Producing £17,940 Per Annum

Tenure
Leasehold. The property is held on a 99 year lease from 25th March 1978 (thus approximately 51 years unexpired).

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

Description
The property comprises a first and second floor three bedroom split level flat situated within a mid terrace building arranged over ground and two upper floors.

Accommodation
First Floor
Two Reception Rooms
Kitchen

Second Floor
Three Bedrooms
Bathroom

Tenancy
The property is subject to a guaranteed rental agreement to the council at a rent of £1,495 per calendar month.

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.

Planning
A planning application has been submitted for the property to be converted into two flats. A decision for this application is pending. Auction House London make no representations or warranties with regard to this scheme and/or the validity of the application. Buyers must rely on their own enquiries with regard to any development potential, permissions required and previous planning history in respect of this site.

EPC Rating
C


Open House Viewings:
Viewing Schedule (No Booking Required)

Thursday 19 June 2025 10:00 am - 10:30
Monday 23 June 2025 10:00 am - 10:30
Wednesday 25 June 2025 10:00 am - 10:30
Friday 27 June 2025 10:00 am - 10:30
Tuesday 1 July 2025 10:00 am - 10:30