Residential · Flat · Leasehold

A Vacant Second Floor Two Bedroom Flat

Flat 6 Park View Court, 90 Chinbrook Road, Grove Park, London, SE12 9TF

Property type
Flat
Tenure
Leasehold

Description

A Vacant Second Floor Two Bedroom Flat The property comprises a second floor two bedroom flat situated within a purpose built building arranged over ground and three upper floors. Tenure: Leasehold. The property is held on a 99 year lease from 25th March 1984 (thus approximately 56 years unexpired). Location: The property is situated on a residential road close to local shops and amenities. The open spaces of Chinbrook Meadows are within easy reach. Transport links are provided by Grove Park rail station. Accommodation: Second Floor Reception Room Kitchen Two Bedrooms Bathroom Exterior: The property benefits from communal gardens and off street parking. 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.

Financial Tools

Your estimated monthly payment
£458.56/mo
Deposit £27,500 (25%) Loan £82,500 Interest £55,069
Total cost £137,569 Total interest £55,069
Property price£110,000
Deposit25%
£27,500
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

Flat 6 Park View Court, 90 Chinbrook Road, Grove Park, London, SE12 9TF
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