2 bedroom apartment for sale

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2 bedroom apartment for sale

Lower Canal Walk, Southampton SO14
£162,500

Price History

Initial price £170,000
20/04/24 £165,000
07/07/24 £162,500
Price Change -4.41%

Description

Chiswell & Co is offering for sale a beautiful 4th floor apartment with off-road parking, en-suite to the master bedroom, and access to a communal gym, all located in the heart of the town center. However, there are two ongoing potential issues with the purchase: a B2 rating on the EWS1 form, which is being addressed by Barratt Homes, and a Section 20 notice for long-standing issues with water ingress to small sections of the roof and smoke extraction in the car park levels. While the flat itself has not been affected by these issues, the building owner will need to cover some of the costs, which are currently estimated to be £5.2 million. The buyer's obligation to pay this amount is expected to be significantly lower due to new government laws requiring Barratt Homes to take responsibility for the issues.