Guide price
£110,000
Studio for saleBedford Terrace, 40 Cedar Road, Sutton SM2
1 bed
1 bath
1 reception
EPC Rating: E
Added on
About this property
Ground floor studio flat (325 sq ft)
Competitively priced for 28-day auction and chain free
Share of the freehold
Lease Length = 176 years (Recently extended)
Service charge - £1,476 pa
Ground rent = £0 pa
Potential rental income of £1,000 pcm
Estimated gross yield of 10% minimum (single-let)
Open-plan living room (220.64 sq ft)
Fitted kitchen (37.81 sq ft)
This property is to be offered for sale by Property Solvers online unconditional auction (28-day immediate exchange).
Property Solvers Online Auctions is delighted to present this ground-floor 325 sq ft studio flat located in Bedford Terrace, 40 Cedar Road, Sutton.
This ground-floor studio flat, located within Bedford Terrace on Cedar Road, Sutton, presents an appealing opportunity for professionals and property investors seeking a home in a convenient South London location.
The flat itself comprises an open-plan living room (220.64 sq ft), a fitted kitchen (37.81 sq ft) and a sizable bathroom (32.48 sq ft). The property benefits from being a share of freehold, having its lease recently extended and having private allocated parking. The studio layout offers a practical living space, combining one versatile area with scope for buyers to personalise the property to suit their individual needs or investment strategy.
Situated in Sutton, the property benefits from access to a range of local shops, supermarkets, cafés and everyday amenities, with transport links providing connections to surrounding areas and Central London. The location offers a balance of residential convenience and accessibility, making it worth considering for both owner-occupiers and investors looking to secure a property in an established Greater London suburb.
More Information
The Property Solvers Auctions enquiry line is open 24/7 and we're happy to answer any questions.
28-day unconditional auction terms + conditions, aml requirements and fees are available on our website (Google "Property Solvers Auctions" and select "Auction Property for Sale" in the navigation).
The preliminary legal pack can be viewed directly via the auction listing itself. Property Solvers Auctions will update the legal pack and inform all parties that express interest in bidding. For conveyancing searches that are not received in time for the auction, a Professional Indemnity Insurance policy can be taken out.
Notice to Bidders
Please be aware that if your bid is successful on auction day, the exchange of contracts will happen immediately after the Auction. A 10% deposit will be required.
As part of the Property Solvers Online Auction process, bidders will be required to register online and provide proof of id documents (passport and photo driving license). For a full list of requirements, please see the legal pack documents.
Buyer Reservation Fee
A 2% + VAT (non-refundable) fee (subject to a minimum of £2,000 + VAT) plus a £125 + VAT processing fee will be due from the winning bidder.
Generally speaking, guide prices are provided as an indication of each seller's minimum expectation, i.e. 'the reserve'. They are not necessarily figures which a property will sell for and may change at any time prior to the auction.
Virtually every property will be offered subject to a reserve (a figure below which the auctioneer cannot sell the property during the auction) which we expect will be set within the guide range or no more than 10% above a single figure guide.
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Tenure
Leasehold (Ask agent)
Service charge
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Ground rent
Ground rent date of next review
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