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Wykeham Road, Sittingbourne, Kent, ME10 1 bed apartment for sale
Wykeham Road, Sittingbourne, Kent, ME10
£70,000
Wykeham Road, Sittingbourne, Kent, ME10
£70,000
Our Summary
- * FOR SALE BY PUBLIC AUCTION 27 MARCH 2025 * SPACIOUS ONE BEDROOM FLAT | GROUND FLOOR | RESIDENT PARKING | SOME MODERNISATION REQUIRED | IDEAL INVESTMENT OPPORTUNITYNEW LEGISLATION FROM 31 JANUARY 2025 GIVES AN OWENER THE RIGHT TO APPLY TO THE FREEHOLDER TO EXTEND THE LEASE AT ANY TIMEOffered for sale jointly with our auction partners Network Auctions
- 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
- The “Important Notes For Auction Buyers” at the front of the catalogue includes a definition of “Guide Price & Reserve Price”
Description
This spacious one-bedroom flat is being sold by public auction on March 27, 2025, and offers a unique investment opportunity. The ground-floor property requires some modernization, but its location and potential for lease extension make it an attractive prospect. According to new legislation, the owner has the right to apply to the freeholder to extend the lease at any time, starting from January 31, 2025. The property comes with resident parking and is being sold jointly with Network Auctions. The guide price is not a guarantee of the final sale price, but rather an indication of the seller's minimum expectation, and the property is subject to a reserve price set by the auctioneer.