Studio for sale

Upper Mulgrave Road, Cheam, Sutton SM2

Auctioneer comments
This property is for sale by the Modern Method of Auction, meaning the buyer and seller are to Complete within 56 days (the "Reservation Period"). Interested parties personal data will be shared with the Auctioneer (iamsold).
If considering buying with a mortgage, inspect and consider the property carefully with your lender before bidding.
A Buyer Information Pack is provided. The winning bidder will pay £349.00 including VAT for this pack which you must view before bidding.
The buyer signs a Reservation Agreement and makes payment of a non-refundable Reservation Fee of 4.50% of the purchase price including VAT, subject to a minimum of £6,600.00 including VAT. This is paid to reserve the property to the buyer during the Reservation Period and is paid in addition to the purchase price. This is considered within calculations for Stamp Duty Land Tax.
Services may be recommended by the Agent or Auctioneer in which they will receive payment from the service provider if the service is taken. Payment varies but will be no more than £450.00. These services are optional.
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Material information
The information above has been provided by the vendor and may not be accurate. Please refer to the property’s Buyer Information Pack. (You can download this on the right hand side of the page) or speak to the Auction Specialist for the most up to date information.
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A well-presented second floor studio apartment ideally located close to Cheam mainline train station, making it an excellent choice for commuters, first-time buyers or investors.
The property offers a spacious studio room with generous built-in cupboard space, creating a practical and comfortable living area with plenty of storage. There is an open-plan fitted kitchen, a bathroom with bath, WC and hand basin and an entrance hall featuring a large storage cupboard.
Well arranged and easy to maintain, this flat provides functional accommodation suited to modern living. The convenient location near the station, along with a designated parking space and easy access to local shops, amenities and various bus services, adds to its appeal.
The vendor confirms the lease has approx. 115 years 9 months left to run, the ground rent is £100 per annum reviewed every 25 years and the service charge is £1,954 per annum (includes sinking fund contribution of £100). Interested parties should verify this information with their conveyancer.