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High Street, Baldock, SG7 1 bed apartment for sale
High Street, Baldock, SG7
£145,000
High Street, Baldock, SG7
£145,000
Our Summary
- The price of £145,000 reflects that the property needs modernisation and that the lease has 73 years remaining
- Generally, you would need to have owned the flat for two years to extend a lease, however the owner of the flat is prepared to assign the benefit of having owned the flat for many years so the process of extending the lease would not be delayed
Description
This first-floor apartment in Baldock offers a unique opportunity to purchase a larger-than-average property with a roof terrace, situated on the high street within walking distance of the train station, pubs, restaurants, and coffee shops. While the property requires modernization and the lease has 73 years remaining, the lease can be extended for a fee of approximately £17,000 plus legal costs, increasing the property's value to £185,000. The current price of £145,000 reflects the need for modernization, and the owner is willing to assign the benefit of having owned the flat for many years to facilitate the lease extension process. The ground rent is £100 per year and the service charge is £1,400 per year.