*Guide | £90,000+ (plus fees)
- Flat
- 2 Bedrooms
- Tenure: Leasehold. The property is held on a 125 year lease from 30th April 1984 (thus approximately 84 years unexpired).
Call the team on 020 7625 9007 for more information
A Vacant Fifth Floor Two Bedroom Flat. ERV based on the Local Housing Allowance (LHA) Rate is ££11,368.76 Per Annum (Source: LHA Website, Subject to Condition, their Terms and Current Requirements).
The property comprises a fifth floor two bedroom flat situated within a purpose built block arranging over ground and five upper floors. The property benefits from a lift.
Tenure
Leasehold. The property is held on a 125 year lease from 30th April 1984 (thus approximately 84 years unexpired).
Location
The property is situated on a residential road close to local shops and amenities. The open spaces of Warley Playing Fields are within easy reach. Transport links are provided by Brentwood Crossrail station (Elizabeth line) and Shenfield rail station.
Accommodation
Fifth Floor Reception Room with Open Plan Kitchen Two Bedrooms Bathroom
Exterior
The property benefits from communal gardens and allocated parking.
Tenancy
The LHA rate for a two bedroom property in the area is £218.63 per week (£11,368.76 per annum) (source: lha-direct.voa.gov.uk).
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.
Services
Interested parties are requested to make their own enquiries to the relevant authorities as to the availability of services.
Important Notice to Prospective Buyers:
We draw your attention to the Special Conditions of Sale within the Legal Pack, referring to other charges in addition to the purchase price which may become payable. Such costs may include Search Fees, reimbursement of Sellers costs and Legal Fees, and Transfer Fees amongst others.
Additional Fees
Administration Charge - Purchasers will be required to pay an administration fee of £1,500 inc VAT
Disbursements - Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.
