Green Pond Close, Walthamstow, London, E17 6EE - Online Auctions

The property comprises a second floor studio flat situated within a purpose built block arranged over ground and three upper floors. Second Floor Studio Room Kitchen Bathroom Leasehold. The property is held on a 99 year lease from 24th June 1990 (thus approximately 63 years unexpired ). When purchasing a flat that has a short lease, it is important to understand that in addition to the purchase price, if you wish to extend the lease to 90+ years, you will need to pay a premium to the freeholder. This is done by way of serving a Section 42 notice to the freeholder requesting a lease extension with a suggested price for the extension. The freeholder has the right to refuse the offer and submit a counter notice with their suggested price. If you do not fully understand this process, please ask the auctioneers or a solicitor. £1,560 incl. VAT £1,500 incl. VAT