Auction opportunity near rail links and green space for cash buyers or investors.
Vacant ground-floor two-bedroom maisonette, approx 528 sq ft
Private rear garden
Sold at public auction — guide price £120,000+
Leasehold with c.34 years remaining — major lending risk
Buyers’ premium £900 and auction admin fee £1,500 payable
Requires updating; modest post‑war rooms and standard ceiling height
Close to Albany Park station and Foots Cray Meadows
Area classified as very deprived — buyer should assess local market
A vacant ground-floor two-bedroom maisonette offered at auction, suitable for a cash buyer or an experienced investor. The property includes a private rear garden and is within reach of Albany Park rail station and Foots Cray Meadows, giving practical local transport and green-space access.
The flat is small (approximately 528 sq ft) and arranged as reception room, kitchen, two bedrooms and a bathroom. Presented as a post‑war end-of-terrace building, rooms are modest in size and will likely need cosmetic updating or more extensive refurbishment depending on buyer expectation.
Important purchase considerations are factual and material: the lease has approximately 34 years remaining and mortgage lenders may refuse lending without a lease extension. The property will be sold at public auction and attracts a buyers’ premium (£900 inc VAT) plus an admin fee (£1,500 inc VAT), all payable to the auctioneers.
For a buyer prepared to manage lease-extension costs and auction fees, the flat offers short-term rental or refurbishment potential in an urban area with local schools and amenities nearby. Those needing mortgage finance or a long lease should seek specialist advice before bidding.
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