Summary - MARLOWE LODGE, 326 FLAT 2 WICKHAM ROAD CROYDON CR0 8BH
1 bed 1 bath Flat
Chain-free one-bedroom retirement flat with communal facilities and southerly garden.
Ground-floor retirement flat with bright end-position windows
A ground-floor retirement apartment in Marlowe Lodge, offered chain-free and sold via modern auction. The one-bedroom layout includes a spacious lounge/dining room, separate kitchen, double bedroom with fitted wardrobe and a bathroom. Being an end flat it benefits from extra windows and a bright, airy feel. The block provides communal facilities including a residents’ lounge, laundry, guest suite, lift, house manager and a 24-hour emergency monitoring system.
Practical considerations are significant: the lease has 62 years remaining and many mortgage lenders may refuse to lend; buyers should check finance options before bidding. The property is sold by auction and carries additional buyer costs (a non-refundable Reservation Fee of 4.5% of the purchase price, minimum £6,600, plus a buyer pack fee of £349) and a 56-day completion expectation under the auction terms.
Running costs include a high service charge (£4,352 pa) and ground rent (£225 pa). Heating is by electric storage heaters and broadband speeds are slow. The apartment suits buyers aged 55+ seeking a low-maintenance retirement base, an investor able to buy with cash or specialist finance, or someone prepared to refurbish and manage the lease issues.
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