Summary - 3b, Lower Addiscombe Road CR0 6PQ
2 bed 1 bath Flat
Light-filled two-bedroom split-level flat — auction sale with fees and lease considerations.
Two double bedrooms across split-level layout
This split-level two double-bedroom flat on Lower Addiscombe Road offers straightforward urban living with clear scope for improvement. The apartment is light-filled, chain-free and comes with a share of freehold, gas central heating and double glazing. At around 661 sq ft it suits buyers seeking a compact home or an investment that can be refreshed and re-let.
Important sale terms affect buying costs and timing: the property is offered through a Modern Method of Auction with an undisclosed reserve price. A non-refundable reservation fee (typically 4.5% of purchase price, minimum £6,600) plus buyers’ administration fees will apply. Completion is expected within 56 days, and buyers must supply ID and funding proof.
Buyers should be aware of the lease length (circa 79 years remaining) which may restrict mortgage options or require a cash purchase; independent mortgage advice is essential. The local area is inner-city and convenient for shops, transport and schools, but it has higher crime and relative deprivation indicators. The flat is vacant and presented as a basic, clean blank canvas that will benefit from cosmetic updating rather than a full structural overhaul.
For first-time buyers or investors this property offers a competitive entry price and straightforward refurbishment potential, but factor in auction fees, possible lease extension costs, and lending constraints when calculating affordability.
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