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Lot 2 - 34 Whateley Road, East Dulwich, SE22 9DD

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In Same Family Ownership For Over 50 Years

FREEHOLD RESIDENTIAL INVESTMENT (2 FLATS) - 1 AST & 1 REGULATED TENANCY

Guide price: £650,000 - £670,000 *

Auction Date

Tuesday, 13th December 2016 11:00am

Location & Description

A two storey end of terrace property comprising two flats. The ground floor flat has front door access and the first floor flat is accessed from Fellbrigg Road via a rear staircase.
Within a popular residential area east of the local shops and restaurants on Lordship Lane (A2216). East Dulwich mainline station is about ½ mile away. Peckham Rye Park and Common is within close proximity.

Accommodation

First Floor Flat:
3 rooms, kitchen/diner, bathroom/WC. Share of garden
Subject to a regulated tenancy at a rent of £438.50 pcm (effective 21.05.2015)
Ground Floor Flat:
3 rooms (one with shower cubicle), kitchen/diner, WC (potential to create shower room)
Let on a 12 month AST from 19.10.1998 (holding over) at a current rent of £750 pcm
Front and rear gardens.

EQUIVALENT TO £14,262 p.a.

Result

Sold for £660,000.

Addendum

Ground Floor Flat: The original term of the AST was 6 months and not as described. There are NEW special conditions as there has been a change to the arrears clause.

* The Notice to Bidders, which can also be seen on the inside front cover of the hard copy catalogue, includes a definition of Guide Price [section #17] Note that in addition to the purchase price there is a buyer’s administration fee [section #13] and there may be additional non-optional fixed or variable fees and costs [section #8]. To establish the full cost of purchasing a property, please inspect the legal documentation/special conditions. Please also check strettons.co.uk for updates.

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* The Notice to Bidders, which can also be seen on the inside front cover of the hard copy catalogue, includes a definition of Guide Price [section #17] Note that in addition to the purchase price there is a buyer’s administration fee [section #13] and there may be additional non-optional fixed or variable fees and costs [section #8]. To establish the full cost of purchasing a property, please inspect the legal documentation/special conditions. Please also check strettons.co.uk for updates.