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Southwood House,Southwood Road, New Eltham SE9

£115,000 1 Bedroom Upper Floor Flat

About This Property

Available to cash buyers only!

One bedroom first floor flat located within easy reach of New Eltham train station and local amenities.

The property will require updating throughout and currently has a lease of approximately 37 years. Southwood House is a detached block of flats/shops constructed around the 1930's with a central court yard. The property internal floor space is approximately 55 sqm (595 sqft)

The property is currently occupied by tenants currently paying £698.00 per month
Terms of lease 80 years from 25 December 1974 therefore, there is around 37 years remaining.

lease of 37 years above commercial shop likely cost of renewing the lease is between £35,000 to £48,000

This property is for sale by the Modern Method of Auction which is not to be confused with traditional auction. The Modern Method of Auction is a flexible buyer friendly method of purchase. We do not require the purchaser to exchange contracts immediately, but grant 28 days to achieve exchange of contracts from the date the buyer's solicitor is in receipt of the draft contracts and a further 28 days thereafter to complete. Allowing the additional time to exchange on the property means interested parties can proceed with traditional residential finance. Upon close of a successful auction or if the vendor accepts an offer during the auction, the buyer will be required to put down a non-refundable Reservation Fee of 3.5% to a minimum of £5,000.00 + VAT (£1,000.00) = (£6,000.00) which secures the transaction and takes the property off the market. Fees paid to the Auctioneer may be considered as part of the chargeable consideration for the property and be included in the calculation for stamp duty liability. Further clarification on this must be sought from your legal representative. The buyer will be required to sign an Acknowledgement of Reservation form to confirm acceptance of terms prior to solicitors being instructed. Copies of the Reservation from and all terms and conditions can be found in the Buyer Information Pack which can be downloaded for free from the auction section of our website or requested from our Auction Department. Please note this property is subject to an undisclosed reserve price which is generally no more than 10% in excess of the Starting Bid, both the Starting Bid and reserve price can be subject to change. Terms and conditions apply to the Modern Method of Auction, which is operated by London and South East Property Auction powered by iam-sold Ltd. Reservation Fee is in addition to the final negotiated selling price.

Property at a Glance

  • Location: Southwood House, New Eltham
  • Bedrooms: 1
  • Reception Rooms: 1
  • Bathrooms: 1
  • Our Reference: 8239543
  • Asking Price: Auction Guide Price £115,000
  • One Bedroom First Floor Maisonette Above Commerical premises
  • Available To Cash Buyers Only
  • Current Lease Of 37 Years


  • Property Currently Achieving £698.00 Per Month
  • Ideal Buy To Let Investment
  • Service Charges £1,000 Per Annum
  • Ground Rent £40.00 Per Annum
  • Council Tax Band B- £1051.00
  • cost of renewing the lease is between £35,000 to £48,000

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Contact Agent

Conran Estates - Eltham

42 Well Hall Road,

Tel: 020 8378 5450

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