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2 bedroom apartment for sale
Lower Canal Walk, Southampton SO14
£162,500
Lower Canal Walk, Southampton SO14
£162,500
Our Summary
- Barratt homes are currently inspecting the building to work out what they need to do under the government policy to get the building to the right level to achieve a good EWS1 rating and will be performing the work but we don't currently have timescales on when this will be complete by
Description
Chiswell & Co is offering for sale a beautiful 4th floor apartment with off-road parking, en-suite to the master bedroom, and access to a communal gym, all located in the heart of the town center. However, there are two ongoing potential issues with the purchase: a B2 rating on the EWS1 form, which is being addressed by Barratt Homes, and a Section 20 notice for long-standing issues with water ingress to small sections of the roof and smoke extraction in the car park levels. While the flat itself has not been affected by these issues, the building owner will need to cover some of the costs, which are currently estimated to be £5.2 million. The buyer's obligation to pay this amount is expected to be significantly lower due to new government laws requiring Barratt Homes to take responsibility for the issues.