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283B Malden Road, Cheam, Sutton, SM3 8ET 3 bed flat for sale
283B Malden Road, Cheam, Sutton, SM3 8ET
£140,000
283B Malden Road, Cheam, Sutton, SM3 8ET
£140,000
Our Summary
- Guide Price = £140,000+ **For Sale By Public Auction 2nd July 2025 09:30 AM To inspect the legal documents for this property go to our website to download the legal pack** A First and Second Floor Three Bedroom Split Level Flat Subject to a Guaranteed Rent Agreement Producing £17,940 Per Annum Tenure Leasehold
Description
This three-bedroom split-level flat is being sold by public auction on July 2nd, 2025, with a guide price of £140,000+. The property is leasehold, with approximately 51 years remaining on a 99-year lease from 1978. Situated on a residential road, it's close to local shops and amenities, with Fairlands Park and West Sutton rail station nearby. The flat itself is arranged over two floors, with two reception rooms, a kitchen, three bedrooms, and a bathroom. It's currently subject to a guaranteed rental agreement with the council, producing an annual income of £17,940. Potential buyers should be aware that, as the lease is short, they may need to pay a premium to extend it to 90+ years.