1 bed flat for sale

157 Moffat Road, Thornton Heath, Surrey CR7

Guide Price = £140,000+

**For Sale By Auction . To inspect the legal documents for this property go to our website to download the legal pack**

A Lower Ground Floor One Bedroom Flat

Tenure
Leasehold. The property is held on a 99 year lease from 31st July 1981 (thus approximately 55 years unexpired).

Location
The property is situated on a residential road close to local shops and amenities. The open spaces of Grangewood Park are within easy reach. Transport links are provided by Norwood Junction overground station and Thornton Heath rail station.

Description
The property comprises a lower ground floor one bedroom flat situated within an end of terrace building arranged over lower ground, raised ground and first floors.

Accommodation
Ground Floor
Reception Room
Kitchen
Bedroom
Bathroom

Exterior
The property benefits from a private rear garden.

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
C


Addendum
Please note that this property is subject to a Buyers Premium of £1,560 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.