1 bed flat for sale

Flat 1, 71 Selhurst Road, Selhurst, London SE25

Unsold. Contact the auctioneer. Guide Price = £110,000+

**For Sale By Public Auction 28th May 2025 09:30 am. To inspect the legal documents for this property go to our website to download the legal pack**

A Ground Floor One Bedroom Flat

Tenure
Leasehold. The property is held on a 99 year lease from 24th June 1984 (thus approximately 58 years unexpired).

Location
The property is situated on a residential road close to local shops and amenities. The open spaces of Heavers Meadow are within easy reach. Transport links are provided by Selhurst rail station.

Description
The property comprises a ground floor one bedroom flat situated within a semi-detached building arranged over ground, lower ground and two upper floors. The property requires a program of refurbishment. We are informed by the seller that the ground rent is £80 per annum.

Accommodation
Ground Floor
Reception Room
Kitchen
Bedroom
Bathroom

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. If you do not fully understand this process, please ask the auctioneers or a solicitor.

EPC Rating
E


Viewing Schedule (No Booking Required)

Saturday 17 May 2025 12:15 pm - 12:45
Tuesday 20 May 2025 4:00 pm - 16:30
Thursday 22 May 2025 4:00 pm - 16:30
Saturday 24 May 2025 2:30 pm - 15:00
Monday 26 May 2025 4:00 pm - 16:30

Addendum
Please note that this property is subject to a Buyers Premium of £1,560 inc VAT. This is in addition to the buyer's admin fee of £1,500 inc VAT charged by the auctioneers. Both fees are payable to the auctioneers.