279 Moorfield, Harlow, Essex, CM18 7QW 1 bed flat for sale

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279 Moorfield, Harlow, Essex, CM18 7QW 1 bed flat for sale

279 Moorfield, Harlow, Essex, CM18 7QW
£50,000

Our Summary

  • Guide Price = £50,000-£100,000*For Sale By Online PublicAuction 23rd April 2025 09:30 AM
  • The property requires a program of refurbishment
  • AccommodationGround FloorReception RoomKitchenBedroomBathroomAccommodationNoteThe vendor estimates that the potential rental value for this property if presented in good condition is circa £1,000 per calendar month (£12,000 per annum)

Description

This vacant ground floor one-bedroom flat is being sold by online public auction on April 23rd, 2025, with a guide price of £50,000-£100,000. The property is leasehold with approximately 83 years remaining on the 125-year lease, which was granted in 1983. The flat is situated on a residential road near local shops and amenities, with nearby transport links and open spaces. The property requires refurbishment and has potential for rental income of around £1,000 per month, according to the vendor. However, buyers should note that the property has a short lease and may need to pay a premium to the freeholder to extend the lease to 90+ years, which can be a complex and costly process.
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