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A top-floor, one-bedroom, leasehold (150 years from 10 January 2017), tenanted (£1,300 PCM, fixed term 12 months, 1 March 2024) apartment in good condition with an approximate extent of 430 SQFT, ideal for investors and landlords. Title number: TGL484402)

FOR SALE BY AUCTION: To be sold by public auction on the instruction of the sellers. A top-floor, one-bedroom, leasehold, tenanted apartment in good condition with an approximate extent of 430 SQFT. It is a leasehold property with a start date of 10 January 2017 and a term of 150 years, tenanted with a 12-month, fixed-term, assured shorthold tenancy agreement which commenced on 1 March 2024, the rent is £1,300 PCM, a gross annual yield of 9.2% (calculated based on the guide price listed). To be sold via online bidding on Friday, 20 March 2026.

Auctioneers' comments: 'The property is ideal for investors looking for immediate cash flow and a healthy yield.'

Auction date
The property is to be sold by public auction on Friday, 20 March 2026, via a 2-hour online bidding window.

Description
Apartment, topfloor, one bedroom, leasehold, tenanted, 430 SQFT

Location
Lewisham, London, 1 mile from Forest Hill railway station, 0.4 miles from Catford Bridge railway station.

Accommodation
Living space, kitchen, shower room. bedroom, storage

EPC rating
To be confirmed
Expired EPC C

Tenure
Leasehold
Title number: TGL484402
Note: We have been informed by the seller that there is a boundary error on the property's title.

Tenancy
12-month fixed-term assured shorthold tenancy agreement which commenced on 1 March 2024, £1,300 PCM, deposit £1,200. See legal documents for agreement.

Local authority and council tax band
London Borough of Lewisham
Council tax band: B

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 131 - Flat 2, 302A Stanstead Road, London, Lewisham, SE23 1DE

Unconditional Online Auction Sale

Guide Price* £170,000

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