Flat 64 Stanford House, Princess... 1 bed flat for sale

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Flat 64 Stanford House, Princess... 1 bed flat for sale

Flat 64 Stanford House, Princess Margaret Road, East Tilbury, Tilbury, Essex, RM18 8YR
£50,000

Our Summary

  • Guide Price = £50,000+*For Sale By Online PublicAuction 23rd April 2025 09:30 AM

Description

This property is a third-floor one-bedroom flat located in a purpose-built block, close to local shops and amenities, with the open spaces of The Green within easy reach. The flat is held on a 99-year lease from 1982, with approximately 56 years remaining. The property benefits from a lift and communal gardens, and is currently let on an Assured Shorthold Tenancy at a rent of £675 per month, producing £8,100 per annum. The flat is being sold by online public auction on April 23rd, 2025, with a guide price of £50,000+. Note that when purchasing a flat with a short lease, additional costs may be incurred to extend the lease to 90+ years, and it is recommended that buyers seek professional advice to understand this process.
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