3 bedroom End of terrace house in London

294 Green Lane, London, Greater London SW16 3BA
  • Lot No: 112
  • Property Type: End of terrace house
  • Contract Type: Unconditional with Variable Fee

Guide Price* £489,000+ plus fees

Result Sold at Auction £538,000

Property Description

Three bedroom end terrace house with planning permission applied for (ref 23/00408/HSE for five beds with no objections), offering a fantastic opportunity to add value or generate a significant rental income, subject to obtaining the necessary consents. Prospective buyers must make all necessary independent enquiries in this respect for their specific, intended use prior to placing their bid, as this will be binding. Currently, the property has three bedrooms, two reception rooms, kitchen, bathroom, garden and garage facing Briar Avenue, we have also been informed by the vendor that the property has been rewired and double glazed. Please see legal pack for more information. We have been informed that there have been no objections to the proposed planning application and the decision is imminent. The layout would vastly improve the property and add significant accommodation with the potential for five bedrooms, an open plan kitchen/living/dining room as well as a lounge, study, utility and shower room downstairs. Upstairs on the first and second floors, there will be five bedrooms, two with en-suite and a bathroom. Green Lane is within close proximity of Norbury Station with journey time to Central London of approximately 20 minutes. It is also by the Streatham High Road with entertainment, shopping facilities and the Thameslink network to the City and onward to Luton and Bedford. This property is a superb potential investment and development opportunity for any investor looking to maximise their return.

Tenure

Freehold

Auction Details: The sale of this property will take place on the stated date by way of Auction Event and is being sold as Unconditional with Variable Fee (England and Wales). Binding contracts of sale will be exchanged at the point of sale. All sales are subject to SDL Property Auctions’ Buyers Terms. Properties located in Scotland will be subject to applicable Scottish law. Auction Deposit and Fees: The following deposits and non- refundable auctioneer’s fees apply:
  • 5% deposit (subject to a minimum of £5,000)
  • Buyer’s Fee of 4.8% of the purchase price for properties sold for up to £250,000, or 3.6% of the purchase price for properties sold for over £250,000 (in all cases, subject to a minimum of £6,000 inc. VAT). For worked examples please refer to the Auction Conduct Guide.
The Buyer’s Fee does not contribute to the purchase price, however it will be taken into account when calculating the Stamp Duty Land Tax for the property (known as Land and Buildings Transaction Tax for properties located in Scotland), because it forms part of the chargeable consideration for the property. There may be additional fees listed in the Special Conditions of Sale, which will be available to view within the Legal Pack. You must read the Legal Pack carefully before bidding. Additional Information: For full details about all auction methods and sale types please refer to the Auction Conduct Guide which can be viewed on the SDL Property Auctions’ home page. This guide includes details on the auction registration process, your payment obligations and how to view the Legal Pack (and any applicable Home Report for residential Scottish properties). Guide Price & Reserve Price Each property sold is subject to a Reserve Price. The Reserve Price will be within + or – 10% of the Guide Price. The Guide Price is issued solely as a guide so that a buyer can consider whether or not to pursue their interest. A full definition can be found within the Buyers Terms.

Auction Details

Date 27th April 2023

Venue National Property Auction
The National Property Auction will be broadcast live on our website and open to remote bidding online, on the phone and by proxy. Registration for bidding will close at 5pm the day before the auction.

Lot Information

Contact Us

If you have any questions, call our team on 0800 046 5454

Map

294 Green Lane, London, Greater London SW16 3BA