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1 bedroom apartment for sale

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1 bedroom apartment for sale

Lower Ground Floor Flat, 85 Melbourne Grove, London, Southwark, SE22 8RR
£110,000

Our Summary

  • FOR SALE BY AUCTION: To be sold by public auction on the owner's instruction
  • A vacant leasehold (150 years from 24 June 2005) lower ground floor basement flat in need of design, modernisation, repair and planning permission with an extent of 409 SQFT
  • Auctioneers' comments: 'A unique opportunity for an investor/developer to bid and buy this property to overcome the design and layout challenges to realise substantial forced appreciation in a densely populated part of London' Auction date The property is to be sold by public auction on Friday, 27 June 2025 via a 2-hour online bidding window
  • 8 miles to North Dulwich railway station (Zone 2,3) Accommodation Lower ground floor: two rooms, landing, hall EPC rating F Tenure Leasehold with vacant possession 150 years from 24 June 2005 Local authority and council tax band London Borough of Southwark Council tax band: unknown Pre-auction bids To 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 fees In 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 27 June 2027

Description

This vacant leasehold flat is being sold by public auction on June 27, 2025, and is located in Southwark, London. The property is in need of design, modernization, and repair, and has a unique opportunity for an investor or developer to overcome the challenges and realize substantial forced appreciation. The flat has an extent of 409 square feet and is on the lower ground floor. It is being sold with vacant possession and a 150-year lease from 2005. The property is located near East Dulwich and North Dulwich railway stations, and is in a densely populated part of London. The auction will be held online, and interested bidders must set up an online bidding account, verify their ID, and pay a security deposit to participate. The auction fees include a 2.5% buying commission plus VAT, and a minimum fee of £2,100 plus VAT.