Residential · Flat · Leasehold

A Vacant Ground Floor Two Bedroom Flat

194 Hainault Avenue, Westcliff-on-Sea, Essex, SS0 9EX

Property type
Flat
Tenure
Leasehold

Description

A Vacant Ground Floor Two Bedroom Flat The property comprises a ground floor two bedroom flat situated within an end of terrace building arranging over ground and two upper floors. The property requires a program of refurbishment. Tenure: Leasehold. The property is held on a 99 year lease from 1st January 1972 (thus approximately 45 years unexpired). Location: The property is situated on a residential road close to local shops and amenities. The open spaces of Priory Park are within easy reach. Transport links are provided by Westcliff rail station. Accommodation: Ground Floor Reception Room Kitchen Two Bedrooms Bathroom Exterior: The property benefits from a private 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. If you do not fully understand this process, please ask the auctioneers or a solicitor. EPC Rating: E

Financial Tools

Your estimated monthly payment
£375.19/mo
Deposit £22,500 (25%) Loan £67,500 Interest £45,056
Total cost £112,556 Total interest £45,056
Property price£90,000
Deposit25%
£22,500
Interest rate4.5%
Term25 yrs

For illustration only. SDLT applies to England & Northern Ireland; rates and reliefs change. Seek independent financial advice before making decisions.

Location

194 Hainault Avenue, Westcliff-on-Sea, Essex, SS0 9EX
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