Cash buyers or developers only — short lease and renovation required near transport.
- Vacant ground-floor two-bedroom maisonette in need of full renovation
- Short lease: approx. 28 years remaining — lenders likely refuse mortgages
- Being sold at public auction; cash or specialist finance advised
- Private rear garden and off-street parking included
- Dated kitchen and general wear; possible damp and maintenance needed
- Solid brick walls (assumed no insulation) and pre-2002 double glazing
- EPC rating D
- Area recorded as high crime; transport links nearby (Jubilee line)
This vacant ground-floor two-bedroom maisonette sits in a 1930s semi-detached building and requires a full programme of refurbishment. It includes a compact reception room, dated kitchen, bathroom, two bedrooms and a private rear garden with off-street parking. The property is being sold at public auction with a guide price of £130,000+.
The critical issue is the short lease: approximately 28 years remain. Many mortgage lenders will refuse to lend on this lease length, so the purchase is most suitable for cash buyers, landlords able to fund a lease extension, or developers prepared to manage enfranchisement costs. Extending the lease to 90+ years will require serving statutory notice and paying a premium to the freeholder.
Practical considerations: the maisonette needs renovation throughout (kitchen and finishes dated, potential damp and general wear) and the building appears to have solid brick walls with no assumed cavity insulation. EPC is D. The local area offers Jubilee-line and rail links, shops nearby and several primary and secondary schools within reach, but crime levels are recorded as high in the area.
This is a clear refurbishment opportunity close to transport links, but the lease position and condition mean it suits buyers who can proceed without standard mortgage finance and who understand lease extension procedures and refurbishment costs.
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