1 bed flat for sale

40B Oval Road, East Croydon, Surrey CR0

Guide Price = £90,000+

**For Sale By Public Auction 16th October 2025 09:30 am. To inspect the legal documents for this property go to our website to download the legal pack**

A Lower Ground Floor One Bedroom Flat Subject to an Assured Shorthold Tenancy Producing £10,200 Per Annum

Tenure
Leasehold. The property is held on a 99 year lease from 14th November 1973 (thus approximately 47 years unexpired).

Location
The property is situated on a residential road close to local shops and amenities. The open spaces of Addiscombe Recreation Ground are within easy reach. Transport links are provided by West Croydon overground station and East Croydon rail station.

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

Accommodation
Lower Ground Floor
Reception Room
Kitchen
Bedroom
Bathroom
gia Approximately 543 sq ft

Exterior
The property benefits from a private rear garden.

Tenancy
The property is subject to an Assured Shorthold Tenancy for a term of 12 months commencing 1st July 2022 at a rent of £850 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. If you do not fully understand this process, please ask the auctioneers or a solicitor.

EPC Rating
D


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