11 Paddock Close, London, SE26 4SS

Ref: Lot 8

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Registration Guide

Finance available on this property

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Town & Country Property Auctions Beds, Bucks & Herts
Town & Country Property Auctions Beds, Bucks & Herts

Unconditional (Buyer's Premium)


UNCONDITIONAL LOT Buyers Premium Applies Upon the fall of the hammer, the Purchaser shall pay a 5% deposit and a 6%+VAT (subject to a minimum of £6,000+VAT) buyers premium and contracts are exchanged. The purchaser is legally bound to buy and the vendor is legally bound to sell the Property/Lot. The auction conditions require a full legal completion 28 days following the auction (unless otherwise stated).

Description

A vacant one-bedroom leasehold flat  via auction August 2026

Presenting an excellent opportunity for owner-occupiers, investors, or developers seeking a property with scope to add value.
The accommodation comprises a spacious living room, fitted kitchen, one double bedroom, and a family bathroom. The property benefits from double glazing and gas central heating throughout.
Externally, the property enjoys a generous private south-facing rear garden backing directly onto Mayow Park, offering an attractive outdoor space with potential for enhancement. There is also off-street parking available.

The property is held on a lease with approximately 83 years remaining. The service charge is approximately £80 per calendar month, with a ground rent of approximately £10 per annum. The estimated premium to extend the lease is believed to be in the region of £4,000–£6,000

Situated within the London Borough of Lewisham, the property is conveniently located close to a wide range of local shops, supermarkets, cafés, restaurants, and other amenities. Sydenham railway station, local bus services, and the nearby A23 provide excellent transport connections into Central London and surrounding areas.

This is an ideal opportunity to acquire a well-located property with excellent potential for improvement and future value enhancement.

Tenure

Leasehold

Buyers Premium

* Plus 6% Buyers Premium plus VAT

Pre Auction Offers Are Considered

The seller of this property may consider a pre-auction offer prior to the auction date.  All auction conditions will remain the same for pre-auction offers which include but are not limited to, the special auction conditions which can be viewed within the legal pack, the Buyer’s Premium, and the deposit.  To make a pre-auction offer we will require two forms of ID, proof of your ability to purchase the property and complete our auction registration processes online.  To find out more information or to make a pre-auction offer please contact us.The seller of this property may consider a pre-auction offer prior to the auction date.  All auction conditions will remain the same for pre-auction offers which include but are not limited to, the special auction conditions which can be viewed within the legal pack, the Buyer’s Premium, and the deposit.  To make a pre-auction offer we will require two forms of ID, proof of your ability to purchase the property and complete our auction registration processes online.  To find out more information or to make a pre-auction offer please contact us.

Mortgage Finance

We advise all bidders who require a mortgage to confirm with their Financial Advisor as to whether or not the lot you are interested in would be suitable security to borrow finance against, prior to bidding. If you need to arrange a mortgage it is important that you obtain an offer from your lender before the day of the auction. Most building societies and banks will instruct a surveyor to prepare a valuation report before making a mortgage offer.

Legal Pack

The Legal Pack can be updated at any time before the auction starts, so please ensure you have reviewed the most recent version before bidding. At the point of placing your bid, you are deemed to have read the Legal Pack in its entirety, including any updates. Failure to check for changes will not be a valid reason for withdrawing from the sale. It is strongly recommended that you instruct a qualified solicitor or conveyancer to review the Legal Pack and raise any necessary enquiries before bidding.

Buyer’s Fees Explained

Non-refundable fees will apply and will be clearly listed on the property details. These fees are paid to reserve the property during the Reservation Period and may take the form of: Reservation Fee – paid by the buyer and in addition to the purchase price. This does not contribute toward the purchase price. Reservation Deposit – paid by the buyer when the seller agrees to cover the fees. This deposit forms part of the purchase price and may be used to cover the auctioneer's fees. Any applicable fee or deposit will be clearly displayed on the property listing at tcpa.co.uk.

Disclaimer

We have not carried out a survey or assessment of the property and therefore cannot confirm whether it is suitable for mortgage lending. Mortgage ability is determined solely by the buyer’s chosen lender and their surveyor. It is the buyer’s responsibility to ensure the property is suitable for lending. All prospective bidders should obtain independent advice, arrange their own survey, and confirm mortgage suitability before bidding. No warranty, guarantee, or representation is given or implied regarding the condition of the property or its mortgage suitability. Bidders must rely on their own inspections, enquiries, and professional advice.

Council Tax Band

B

Lease Start Date

03/06/1991

Lease Duration

117 years (81 years unexpired)

Annual Ground Rent

£10

Annual Service Charge

£960


* The Guide Price given is an indication as to where the Reserve is currently set. The Reserve is the minimum price that the auctioneer is authorised by the vendor to sell the property for. It is subject to change throughout the marketing period. Where the Guide Price is a single figure, the current Reserve will not be more than 10% above that single figure, and where a price range is given (i.e. £50,000 - £55,000), the Reserve will not exceed the upper level of the range. It is not necessarily what the auctioneer expects it will sell for.

We would like to point out that all measurements, floor plans and photographs are for guidance purposes only (photographs may be taken with a wide angled/zoom lens), and dimensions, shapes and precise locations may differ to those set out in these sales particulars which are approximate and intended for guidance purposes only.

These particulars, whilst believed to be accurate are set out as a general outline only for guidance and do not constitute any part of an offer or contract. Intending purchasers should not rely on them as statements of representation of fact, but must satisfy themselves by inspection or otherwise as to their accuracy. No person in this firms' employment has the authority to make or give any representation or warranty in respect of the property.

Viewing: Due to the nature and condition of auction properties, the auctioneers highlight the potential risk that viewing such property carries and advise all to proceed with caution and take necessary requirements to ensure their own safety whist viewing any lots offered. Viewings are conducted entirely at the potential buyers own risk, these properties are not owned or controlled by Town & Country Property Auctions and the auctioneers will not be held liable for loss or injury caused while viewing or accessing the lot. Due to the nature of some auction properties, electricity may not be turned on, therefore viewing times are restricted. Viewers will need to bring their own lighting/ ladders if wanting to inspect cupboards, cellars and roof spaces. Some viewings are carried out by third party agents and we will endeavour to give appropriate notice should the published viewing time change. Town & Country Property Auctions will not be liable for any costs or losses incurred due to viewing cancellations or no shows.

All auctioneer fees and deposits stated are non-refundable. The deposit will be applied toward the final purchase price. Auctioneer fees, while not contributing to the purchase price, will still be included in the total chargeable consideration of the property when calculating Stamp Duty Land Tax, Land Transaction Tax, or Land and Buildings Transaction Tax (as applicable depending on whether the property is located in England, Wales, or Scotland).

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