Summary - 110 FLAT 16 BENHILL ROAD SUTTON SM1 3RS
1 bed 1 bath Flat
Vacant auction lot suitable for cash buyers or investors seeking refurbishment potential.
Guide price £110,000 — sold by public auction
Vacant ground-floor one-bedroom flat with allocated parking
Approximately 53 years remaining on the lease — material concern
Many mortgage lenders likely to refuse lending due to short lease
EPC rating E; electric room heaters — potential energy upgrade needed
1980s purpose-built block with double glazing, basic modern condition
Close to Benhill Recreation Ground and South Common rail station
Purchaser may need to budget for lease extension premium and legal fees
This vacant ground-floor one-bedroom flat in a 1980s purpose-built block offers a straightforward purchase route via public auction. The property includes allocated off-street parking and sits close to Benhill Recreation Ground and South Common rail station, making it convenient for local travel and everyday amenities.
Key practical details are clear: guide price £110,000, vacant possession, and 53 years remaining on the lease. The short lease is the material issue — many mortgage lenders will refuse to lend and any buyer looking to secure a mortgage should confirm funding before bidding. Extending the lease would require serving a Section 42 notice and paying a premium to the freeholder.
The flat has basic modern finishes from the 1980s, double glazing, and electric room heaters; the EPC is rated E. These facts make it suited to a cash buyer, a local investor prepared to refurbish and relet, or someone able to fund a lease extension. Buyers should factor in likely refurbishment, potential energy upgrades, and the cost/complexity of extending the lease when assessing value.
Legal documents and the lease details are available in the auction legal pack. Viewings are scheduled in the week before auction; check the legal pack and consult a solicitor if you are unfamiliar with lease extension procedure or auction purchase risks.
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