A Vacant Ground Floor Two Bedroom Flat
8 Parkwood Flats, Oakleigh Road North, Whetstone, London, N20 0RX
Description
A Vacant Ground Floor Two Bedroom Flat The property comprises a ground floor two bedroom flat situated within a purpose built block arranged over ground and three upper floors. Tenure: Leasehold. The property is held on a 125 year lease from 24th June 1986 (thus approximately 86 years unexpired). Location: The property is situated on a residential road close to local shops and amenities. The open spaces of Bethune Park are within easy reach. Transport links are provided by Arnos Grove underground station (Piccadilly line) and New Southgate rail station. Accommodation: Ground Floor Reception Room Kitchen Two Bedrooms Bathroom Exterior: The property benefits from a parking space. 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: D
Financial Tools
For illustration only. SDLT applies to England & Northern Ireland; rates and reliefs change. Seek independent financial advice before making decisions.
