Lot 42 Investment Flat In Popular London SuburbAuction Date:
20th March 2025
Flat 5, Oakwood Court, 7 Avenue Road, South Norwood, London, SE25 4EQ
Key Features
This one-bedroom flat is situated on the top floor of a three storey purpose built block of six flats. There is a garage in a block at the rear, with rear communal gardens and parking. Avenue Road is located next to the popular South Norwood Lake & Grounds and convenient for commuting from Norwood Junction Station (Southern rail services and Winrush Overground line). Within the same proximity are a number of bars, shops, restaurants and cafes along the A213 High Street and Selhurst Road junction.
Accommodation
At the time of publication, the Auctioneers have been unable to inspect the property internally, however we understand the accommodation is living room, bedroom, kitchen and bathroom with WC, with the benefit of mains gas, electricity, water and drainage. Interested applicants should rely on their own investigations to verify the information provided.
Council Tax Band B
EPC Rating E
Tenure
Remainder of a 99-year lease from 25th March 1978. Please refer to the legal pack for ground rental and any service charge information, which may be downloaded from the Clive Emson website.
Tenancy
We understand the property is let under the terms of an Assured Shorthold Tenancy Agreement to the same occupant for the last 16 years, currently holding over on a periodic basis, paying a current monthly rental of £872.60.
Viewings
Strictly by appointment through Clive Emson Auctioneers and by courtesy of the tenant. We advise all interested parties not to make direct contact with the tenant. Please also note that due to the occupancy, we are unable to guarantee any fixed viewing appointment times which may be booked in advance.
Further Information
Russell Hawkes
on 01622 608400
Viewings
Applicants may view the lot externally only
Legal Documents
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- Special Conditions
- Office Copy Entries
- Lease(s)
- Local Authority Search
- Tenancy Agreement(s)
- Property Information Form
- Leasehold Information Form
- Fixtures and Fittings Form
- EPC
- Other Documentation
- Online Auctions Buying Guide
Service Providers
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Local Information
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Important
All lots are sold subject to the Common Auction Conditions and Special Conditions of Sale (unless varied by the Sellers Solicitors), together with the Addendum, which will be available on Auction Day.
* Price Information
Guides are provided as an indication of each Seller’s minimum expectation. They are not necessarily figures at which a property will sell for and may change at any time prior to Auction. Unless stated otherwise, each Lot will be offered subject to a reserve (a figure below which the Auctioneer cannot sell the Lot during the Auction).
We expect the reserve will be set within the guide range or no more than 10% above a single figure guide. Please check our website regularly at cliveemson.co.uk, or contact us on 01622 608400, in order to stay fully informed with the up-to-date information.
Additional Fees
An Administration fee and Other non-optional fees may also be payable in addition to the bid price. All lots are offered subject to the Common Auction Conditions and Special Conditions of Sale or Revised Special Conditions of Sale (as applicable) and may include the repayment of search and other fees and or costs payable by the buyer.
All buyers are advised to inspect all available legal documentation prior to bidding and will be deemed to fully understand what they may be liable for if they are successful in purchasing. This should also include Stamp Duty, Land Registry fees and VAT which may become payable on completion in line with any property transaction, whether it is by auction or private treaty. If, as a buyer, you are in doubt you should seek advice from your own professional advisors. For more information on fees please go to Buyers Fees
