A vacant, leasehold, two-bedroom, mid-floor apartment with an approximate extent of 721 SQFT, located in Croydon. Ideal for investors. (Title number: SGL722052)
FOR SALE BY AUCTION: To be sold by public auction on the owner's instructions. A vacant, leasehold (110 years), mid-floor, two-bedroom apartment with a balcony and an approximate extent of 721 SQFT. Located in Croydon, London and ideal for investors. Leasehold tenure of 126 years from 25 February 2011 with a biannual service and ground rent charge of approximately £2,500. To be sold via online bidding on Friday, 28 November 2025.
Auctioneers comments: 'An ideal investment located in a dense area of London which would be very easy to let and cash flow.'
Auction date
The property is to be sold by public auction on Friday, 28 November 2025, via a 2-hour online bidding window
Description
Two bedrooms, Mid-floor, 721 SQFT, vacant, leasehold, balcony
Location
Croydon, London, 1.3 miles to East Croydon Rail Station, 0.6 miles to West Croydon Rail Station
Accommodation
Mid-floor: two bedrooms, bathroom
Outside
Balcony
EPC rating
B
Tenure
Leasehold with vacant possession
125 years from 25 February 2011
Approximate biannual service and ground rent charge of £2,500
Local authority and council tax band
London Borough of Croydon
Council tax band: D
Pre-auction bids
To make a pre-auction bid, you must be an approved bidder. Once you have set up your online bidding account, verified your ID and paid the security deposit, you can email the amount you would like to bid. The common auction conditions and special conditions apply to all pre-auction bids, and no conditions will be acceptable. Should your pre-auction bid be accepted, you will need to immediately pay the balance of the 10% deposit (min. £5,000) and all auction fees listed. The Auctioneer reserves the right to refuse any bid.
Auction fees
In addition to the 10% deposit (min. £5,000) of your winning bid, you must pay an auction buying commission of 2.5% plus VAT (min. fee of £2,100.00 plus VAT) of the purchase price and auction buying fee of £1,900.00 plus VAT. Please be aware that additional fees may be payable on completion, including disbursements in the legal pack. Check the legal pack for each lot you are interested in before bidding.
* Generally speaking Guide Prices are provided as an indication of each seller's minimum expectation, i.e. 'The Reserve'. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Virtually every property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide.
Lot 128 - Flat 14, 386 London Road, Croydon, London, CR0 2SU
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