2 bed flat for sale

South Norwood Hill, London SE25

A generously proportioned two bedroom apartment with an existing tenancy in place, providing an appealing opportunity for investors seeking immediate rental income in a well-connected South London location. The property is currently let at £1,400 per calendar month, equating to £16,800 per annum, offering an attractive yield profile alongside scope for future value improvement. Notice has been served for vacant possession on 3 November 2026.

The apartment provides spacious accommodation within a residential block, with the added benefits of entry phone access, lift service and a garage in a block. The apartment enjoys delightful scenic views and is held on a lease in excess of 900 years, giving purchasers long-term leasehold security. The property would benefit from modernisation, which may appeal to buyers looking to enhance the accommodation over time, subject to any necessary consents and tenancy considerations.

The property is well placed for the amenities of South Norwood and Crystal Palace, with a range of local shops, restaurants, cafés and everyday services within reach. Regular local bus routes provide convenient access across the surrounding area, while Norwood Junction Station is approximately 0.7 miles away and offers Mainline and Overground services into London.

Auction

To be sold by online auction (unconditional) on Thursday 29th October with a 6 week completion, bidding will open at 10.00.

To View

Viewings will be conducted prior to the auction, please visit our website to book an appointment at

Registration

All bidders/potential buyers are required to register ahead of the auction date to be able to bid/buy, please visit our website to setup an online auction account.

Tenure

Leasehold with tenant in situ.

Lease

999 years from 1 May 1961 - 933 years remaining

Ground Rent And Service Charge

Service charge: £2,400 per annum (£200 per month). Ground rent: £25 per annum. Please see legal pack for further details.

Tenancies

The property is sold subject to an existing assured periodic tenancy at a current rent of £1,400 per calendar month (£16,800 per annum). A possession notice has been served on the tenant, with 3 November 2026 stated as the vacating date. Buyers should refer to the legal pack for full tenancy and possession information.

EPC Rating

D

Council Tax Band

C - Croydon

Legal Pack

For each lot there are Special Conditions of Sale and other documentation provided by the vendor's solicitors. If you wish to receive the Legal Pack, you will be able to register for this via the link on our website. You will receive notification by email once the Legal Pack is received from the solicitor. The documents may not tell you everything you need to know about the property and you are required to complete your own due diligence before bidding.

Guide Prices

Guide Prices are provided as an indication of each seller's minimum expectation. They are not necessarily figures which a lot will sell for and may change at any time prior to the auction. Each lot will be offered subject to a Reserve, (a figure below which the Auctioneer cannot sell the lot during the auction) which we expect will be set within the Guide Range, or no more than 10% above a single figure Guide Price.

Additional Fees

A buyers charge of £1,650 including VAT is payable on each lot that you buy, in addition to the sale price. Please be aware there may be other additional fees, including disbursements contained in the legal pack payable on completion. Please ensure that you check the legal pack for each lot that you are interested in, prior to bidding.

Deposit

If you are the highest bidder when the auction ends, contracts are exchanged between you and the seller. Both parties are legally bound to complete the transaction as per the special conditions in the legal pack. Your card will be automatically debited for the bidder security amount of £6,000 and we'll require the remaining balance for a 10% non-refundable deposit. We will contact you after the auction has finished to make these arrangements.

Pre-Auction Offers

These must be made in writing and will only be considered if the Legal Pack has been inspected and proof of funding has been supplied to the auctioneers. Pre-auction offers are only considered on an auction basis in accordance with the “Terms & Conditions - Unconditional Auction".

Mortgage Finance

We advise all bidders who require a mortgage to confirm with their Financial Advisor as to whether or not the lot you are interested in would be suitable security to borrow finance against, prior to bidding. If you need to arrange a mortgage it is important that you obtain an offer from your lender before the day of the auction. Most building societies and banks will instruct a surveyor to prepare a valuation report before making a mortgage offer.