Initial price	£120,000
22/11/24	£110,000
Price Change	-8.33%

This one-bedroom flat in South Norwood, London SE25, is being sold by online auction and is open to cash buyers only. The property has tenants in situ, making it an attractive investment opportunity for those seeking rental income, as well as the potential to add value through refurbishment. The flat has a spacious living and dining area, a functional kitchen and bathroom, and a well-proportioned bedroom. Its location is within walking distance of Norwood Junction Station, providing excellent transport links to Central London and Gatwick Airport. The area offers a range of local amenities, including shops, cafes, and restaurants, as well as green space at South Norwood Lake and Grounds. The property is being sold with a 99-year lease and has a service charge of £650 per annum. The current rental income is £950 per month, and the winning bidder will be required to pay a 10% deposit and a non-refundable reservation fee of 3.6% inclusive of VAT of the winning bid.