Flat for sale in 142 New Barn Street, Plaistow, London E13

Guide Price = £100,000+

**For Sale By Public Auction 21st May 2024 09:30 am. To inspect the legal documents for this property go to our website to download the legal pack**

A Vacant First Floor Two Bedroom Flat

Tenure
Leasehold. The property is held on a 99 year lease from 25th December 1973 (thus approximately 48 years unexpired). A section 42 notice to extend the lease will be served prior to completion, the rights of which would be assigned to the incoming buyer.

Location
The property is situated on a residential road close to local shops and amenities. The open spaces of Plastow Park are within easy reach. Transport links are provided by Canning Town underground station (Jubilee line) and West Ham rail station.

Description
The property comprises a first floor two bedroom flat situated within a mid terrace building arranged over the ground and first floors. The property requires a program of refurbishment.

Accommodation
First Floor
Reception Room
Kitchen
Two Bedrooms
Bathroom

Exterior
The property benefits from a rear garden.

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.

Viewing Schedule (No Booking Required)

Tuesday 7 May 2024 11:15 am - 11:45
Thursday 9 May 2024 11:15 am - 11:45
Monday 13 May 2024 11:15 am - 11:45
Wednesday 15 May 2024 11:15 am - 11:45
Friday 17 May 2024 11:15 am - 11:45