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London Road, Sutton, SM3 9AA

Studio flat
£130,000 Guide Price
  • London Rd, Cheam, SM3 9AA Kitchen/living area
  • London Rd, Cheam, SM3 9AA Kitchen/living area
  • London Rd, Cheam, SM3 9AA Bedroom
  • London Rd, Cheam, SM3 9AA Bedroom
  • London Rd, Cheam, SM3 9AA shower room
  • London Rd, Cheam, SM3 9AA Shower room
  • London Rd, Cheam, SM3 9AA Entrance
  • London Rd, Cheam, SM3 9AA Terrace
  • London Rd, Cheam, SM3 9AA Terrace

Property Features

  • Excellent investment property in great South West London (Zone 5) location with solid rental yield
  • Current rent £815pcm = 7.52% gross yield (based on guide price)
  • 1 open plan bedroom with small amount of storage space
  • Large roof terrace (with development potential STPP)
  • 982 years remaining on the lease
  • No service charge or ground rent
  • Buildings insurance £60 per annum
  • Sold with tenants in-situ (property is well looked after)
  • Ideal location for local amenities and transport links
  • Type: Studio
  • Availability: For Sale
  • Bedrooms: 1
  • Bathrooms: 1
  • Reception Rooms: 1
  • Tenure: Leasehold

Property Summary

This property is to be offered for sale by PROPERTY SOLVERS ONLINE CONDITIONAL AUCTION (56-DAy EXCHANGE/COMPLETION).

Bidding opens on Wednesday 18th May at 12:00 and closes on Tuesday 24th May at 12:00 with a GUIDE PRICE of £130,000. 

Property Description

This 1-bed flat is situated above shops in close proximity to a bustling high street, with an array of shops and amenities. Accessed via a spiral staircase leading to a large enclosed terrace.

Lounge

An open-plan lounge leads from the kitchen with a direct door that leads into the bedroom area.

Kitchen

A stylish kitchen featuring: a range of modern floor and wall-mounted cupboards, French doors leading to the roof terrace, integrated oven, 4 ring hob, extractor hood, stainless steel sink with drainer and mixer tap, space for washing machine, tiled walls.

Bedroom

A compact small double room featuring: sloping ceilings, ceiling mounted light fitting, electric storage heater.

Bathroom

The bathroom features a modern shower enclosure, white toilet, white basin, floor-to-ceiling tiling, and tiled flooring.

Terrace

Large outside space (rare for location) with potential to extend the existing accommodation, subject to planning permission.

Location

The flat is situated approximately 10 miles from central London in the leafy suburbs of Surrey and South West London. With regular trains every 15 minutes, various Central London stations are accessible within approximately 30 minutes.

More Information

Our enquiry line is open 24/7 and we're happy to answer any questions.

Auction terms + conditions, AML requirements and fees are available on our website [Google: Property Solvers Auctions > Auction Property for Sale (in navigation) > Select Property].   Alternatively, email [email protected] or call 0800 044 3798 (lines are open 24/7).

The legal pack will be uploaded in good time prior to the auction bidding process. Property Solvers Auctions suggest taking Professional Indemnity Insurance to cover the absence of any searches or any associated issues.

Property Solvers Online Auctions will be running open mornings/afternoons and independent viewings (where required).

All viewers must observe our COVID-19 Viewing Policy (available on the listing).

Notice to Bidders

As part of the Property Solvers Online Auction process, bidders will be required to register online and provide proof of ID documents (passport and photo driving license).  For a full list of requirements please see the legal pack documents.

Buyer Reservation Fee

2% + VAT (non-refundable) fee + £125 + VAT processing fee will be due from the winning bidder.

Exchange and Completion

The winning bidder for this property will enter into a reservation agreement with the seller and have 56 days to exchange contracts and complete the sale transaction unless the Special Conditions of Sale specify otherwise. Failing to do so could result in losing your reservation fee.

Conditional Auction (56 Days)

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