2 Bedroom Flat for sale

Almost opposite the Sumpter Yard entrance to the Abbey, the Green and Verulamium Park, well located for restaurants, shops and pubs, and within walking distance of both stations, you can see the top of the Abbey Tower from the living room of this ground floor flat. There is a shared garden with views of the old galleried inn over the wall. Parking is by concession only and there are are three spaces available for eight users; Residents parking permits are available at £39 a year.

The high ceiling rooms are spacious with double glazed windows; the kitchen has attractive fitted units, and there is a shower in the bathroom which would benefit from refurbishment.

There is 55 years left on the lease from June 2015. It is being marketed as an investment proposition, but some lenders would accept a 20-25 year mortgage application if required for owner occupation. The present owner is entitled to serve a Lease Extension Notice on the freeholder to enable the purchaser to extend the lease immediately, for an estimated cost of £25k -35K, subject to expert valuation.

The last two lease extensions were in 2012-2013 for a cost, I believe, of 18k net of fees and 29k gross of fees. The difference is explained that one lease included sole use of the garage.

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