ROI = 10% BMV = 6.27%
Description

NO ONWARD CHAIN SALE! They say location is priority number 1. Being in the very heart of Mitcham with all shops, restaurants, cafes, everything on your door step, this box is firmly ticked. With Mitcham Eastfield's train station a short walk away and a plethora of bus routes directly outside the building, travel links are very convenient. Up to the 1st floor, we have the the property's front door. into the long hallway, we have 2 storage cupboard and access to all rooms. 2 big double bedrooms, large living/diner and separate kitchen with the bathroom concluding the apartment. The leases is currently 120 years from September 1980. However, the sale comes with an additional 90 years lease extension topping this up to 165 years upon completion for the new owner. The service charges are £2,089p/a with the ground rent currently £30p/a. The ground rent will be peppercorn once lease extension has completed. The EPC is in band 'C'

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Property Details
  • Property ID: 159997733
  • Added On: 2025-03-29
  • Deal Type: For Sale
  • Property Price: £300,000
  • Bedrooms: 2
  • Bathrooms: 1.00
Amenities
  • 2 Double Bedrooms
  • 1st Floor Purpose Built Block
  • Central Mitcham
  • Bathroom & Kitchen
  • Good Storage
  • Short Walk To Train Station
  • Bus Route On Door Step
  • Ideal First Purchase Or Investment
  • Lease Being Extended Within The Sale
  • No Onward Chain Sale