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386 London Road, Croydon CR0 2 bed flat for sale
386 London Road, Croydon CR0
£160,000
386 London Road, Croydon CR0
£160,000
Our Summary
- FOR SALE BY AUCTION: To be sold by public auction on the owner's instructions
- 'Auction dateThe property is to be sold by public auction on Friday, 28 November 2025, via a 2-hour online bidding windowDescriptionTwo bedrooms, Mid-floor, 721 SQFT, vacant, leasehold, balconyLocationCroydon, London, 1
- 6 miles to West Croydon Rail StationAccommodationMid-floor: two bedrooms, bathroomOutsideBalconyEPC ratingBTenureLeasehold with vacant possession125 years from 25 February 2011Approximate biannual service and ground rent charge of £2,500Local authority and council tax bandLondon Borough of CroydonCouncil tax band: DPre-auction bidsTo make a pre-auction bid, you must be an approved bidder
- 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
- Auction feesIn addition to the 10% deposit (min
- £5,000) of your winning bid, you must pay an auction buying commission of 2
- 00 plus VAT) of the purchase price and auction buying fee of £1,900
- Auction Friday 28 November 2025
Description
A vacant, leasehold apartment is being sold by public auction in Croydon, London. The property, located on the mid-floor, has two bedrooms, a bathroom, and a balcony, with an approximate extent of 721 square feet. The leasehold tenure is 126 years from 2011, with a biannual service and ground rent charge of approximately £2,500. The property is ideal for investors, with the potential for easy letting and a strong cash flow. The auction will take place online on November 28, 2025, and bidders must be approved and have paid a security deposit to participate. The winning bidder will need to pay a 10% deposit and auction fees, which include a buying commission and a fee. The property is situated 1.3 miles from East Croydon Rail Station and 0.6 miles from West Croydon Rail Station, making it a convenient location for commuters.