Flat 20 Stanford House, Princess... 1 bed flat for sale

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Flat 20 Stanford House, Princess... 1 bed flat for sale

Flat 20 Stanford House, Princess Margaret Road, East Tilbury, Tilbury, Essex, RM18 8YP
£50,000

Our Summary

  • Guide Price = £50,000+*For Sale By Online PublicAuction 10th September 2025 09:30 AM
  • NoteThe property has not been inspected by Auction House London

Description

This one-bedroom flat is being sold by online public auction on September 10, 2025, with a guide price of £50,000+. The property is situated on a residential road near local shops and amenities, and is within easy reach of Gobions Park and East Tilbury rail station. The flat is held on a 99-year lease from 1982, with approximately 57 years remaining. The property is currently subject to an Assured Shorthold Tenancy, producing £7,920 per annum, and is available for a 6-month term at a rent of £660 per month. The flat comprises a reception room with open-plan kitchen, bedroom, and bathroom, and has not been inspected by Auction House London. It's worth noting that when purchasing a flat with a short lease, it's important to understand that you may need to pay a premium to the freeholder to extend the lease to 90+ years.