Nottingham Road, Waddon

ONE BEDROOM PURPOSE-BUILT APARTMENT | FIRST FLOOR | SOUTH CROYDON | ALLOCATED PARKING | LEASEHOLD | SOLD VIA ONLINE AUCTION
Description
Park & Bailey are pleased to offer to the market this one-bedroom purpose-built apartment, situated in a residential area of South Croydon and offered for sale via secure online auction, with terms and conditions applying.
Positioned on the first floor, the accommodation comprises a reception room, separate bedroom and bathroom, providing a practical layout suited to a range of buyers, including investors and those looking for a first property.
The property further benefits from allocated parking within a rear communal car park, with a parking permit required.
The apartment is held on a leasehold basis, with approximately 43 years remaining on the lease. Prospective purchasers are advised to make their own enquiries regarding the lease terms, any potential extension and the associated costs before proceeding.
Auction Sale
The property is being sold via a transparent online auction operated by Pattinson Auction. The advertised price represents a guide price or starting bid and is subject to a reserve price. The property may be sold before the advertised auction end date.
Viewings are strictly by appointment. Interested parties are advised to review the legal pack and seek independent legal advice before bidding, ensuring they fully understand the purchase process, lease arrangements and additional fees payable.
An opportunity to acquire a one-bedroom apartment in South Croydon, with allocated parking and the potential to suit buyers seeking an investment or residential purchase, subject to their own financial and legal due diligence.
Additional Information
Tenure: Leasehold
Lease remaining: 43 years
Council Tax Band: C
Annual ground rent: £30
Annual service charge: £1,200
Parking: Allocated space, permit required
Sale method: Secure online auction
Important Auction Information
A legal pack is available on request and should be reviewed by a solicitor before bidding.
Under the stated auction terms, the successful bidder may be required to pay a non-refundable deposit equivalent to 5% of the purchase price upon exchange of contracts. A separate non-refundable reservation fee of up to 6% including VAT may also apply, subject to a stated minimum fee of up to £7,200 including VAT. These charges are additional to the agreed purchase price and should be factored into the overall acquisition costs, alongside any applicable Stamp Duty Land Tax.
All prospective purchasers should verify the current auction terms, fees, lease details and legal documentation before making a commitment.