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" Guide Price = £140,000+ **For Sale By Public Auction 31st July 2024 09:45 AM To inspect the legal documents for this property go to our website www.auctionhouselondon.co.uk to download the legal pack** A Vacant Ground Floor Split Level Two Bedroom Flat With a Private Rear Garden Tenure Leasehold. The property is held on a 99 year lease from 24th May 1991 (thus approximately 66 years unexpired). Location The property is situated on a residential road close to local shops and amenities. The open spaces of South Croydon Recreation Ground are within easy reach. Transport links are provided by Sanderstead rail station. Description The property comprises a ground floor split level two bedroom flat situated within an end of terrace building arranged over lower ground, ground and first floors. Accommodation Lower Ground Floor Two Bedrooms Bathroom Ground Floor Reception Room Kitchen 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. In most cases, the leaseholder must have owned the property for at least 2 years in order to serve a S42 notice. If you do not fully understand this process, please ask the auctioneers or a solicitor. EPC Rating Open House Viewings: Viewing Schedule (No Booking Required) "