This property has been taken off the market.

1 Bed Flat For Sale High Street, London, SE25

£165,000- Flat

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We appreciate the listed price showing isn’t necessarily the price you would buy this property for, as it is in auction. However, we hope some confidence can be gained from our system successfully being able to identify this as potentially below market value.
Last Updated: 2nd May 2024

Description

TO BE OFFERED BY ONLINE AUCTION ON 29/05/2024 11:40\r
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As an auction property the details are subject to change. Please check our website for any updates or addendum entries.\r
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Description\r
*VIDEO TOUR AND VIEWINGS AVAILABLE UPON REQUEST* A residential investment comprising a one bedroom second floor apartment which benefits from double glazing and central heating (not tested). The property is currently Let at an annual equivalent rent of £9,900.\r
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Location\r
Location\r
The property is located on High Street, South Norwood approximately a 5 minute walk to Norwood Junction railway and overground station. Journeys to central London take approximately 25 minutes. South Norwood provides a range of amenities including shops, take aways, public houses and schools.\r
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Accommodation\r
Hall, Kitchen, Bathroom/W.C, Double Bedroom and Lounge.\r
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Tenure\r
The property is held Leasehold for a term of 99 years from the 25th March 1999.\r
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Tenancies\r
The property is Let on an Assured Shorthold Tenancy agreement for a term of 12 months from the 30th August 2019 at a rent of £825pcm. The tenant is holding over.\r
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EPC\r
Energy Performance Asset Rating - C\r
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Buyer's Administration Fee\r
There will be a Buyer's Administration Fee of £2,400 (inc VAT) payable upon exchange of contracts.\r
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Additional Information\r
1. The information contained within the Particulars are given in good faith, but all descriptions, statements, dimensions ( these may have come from a third party source e.g. the seller, valuation reports or historic sales particulars), references to condition and permissions for the use and occupation or other details are made without responsibility and should not be relied upon as representation of fact.\r
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2. If a video walk through, or any other form of virtual tour, is provided whilst every effort is made to accurately give an overview of the property we cannot give any warranty concerning the nature, and condition of the property and the suitability thereof for any and all activities and use. The video, or tour, is provided to assist only and without responsibility and should not be relied upon as representation of fact, or replace all appropriate due diligence a prudent purchaser would make.
Agent Details
Landwood Group
Lancaster Buildings, 77 Deansgate, Manchester, M3 2BW

Investment Analysis

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Legal - YOUR PROPERTY MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON A MORTGAGE OR ANY DEBT SECURED ON IT.

Property Forecaster are working in partnership with Midland Mortgage Bureau Limited. Midland Mortgage Bureau Limited is an appointed representative of The Right Mortgage Ltd, St Johns Court,70 St Johns Close, Knowle, B93 0NH, which is authorised and regulated by the Financial Conduct Authority. Midland Mortgage Bureau Limited financial Services Register number is 756490. The Right Mortgage Ltd Financial Services Register number is 649443.
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This is the potential achievable yield.
Potential Return-on-Cash Invested