£175,000
2 bed flat for sale
Lower Canal Walk, Southampton SO14Leasehold
2 beds
2 baths
1 reception
Key information
Tenure
Leasehold (140 years)
Service charge
£3,100 per year
Council tax band
C
Ground rent
£250
Ground rent date of next review
About this property
Two bedrooms
Large roof terrace
Off road parking
Town centre location
4th floor
140 yr lease
Chiswell & Co are delighted to offer for sale this beautiful 4th floor apartment with a large roof terrace with direct access from both the lounge and master bedroom. The property benefits from off road parking, en-suite to master bedroom, access to a communal gym and from a superb Town Centre location.
Chiswell & Co are delighted to offer for sale this beautiful 4th floor apartment with a large roof terrace with direct access from both the lounge and master bedroom. The property benefits from off road parking, en-suite to master bedroom, access to a communal gym and from a superb Town Centre location.
Lounge 13' 1" x 11' 1" (4m x 3.4m)
kitchen 9' 10" x 5' 6" (3m x 1.69m)
master bedroom 10' 3" x 9' 5" (3.14m x 2.88m)
en-suite 6' 8" x 4' 0" (2.05m x 1.24m)
bedroom two 6' 9" x 9' 5" (2.08m x 2.89m)
bathroom 5' 9" x 6' 2" (1.76m x 1.88m)
There are also two ongoing potential issues around the purchase. The first is a B2 rating on the EWS1 form. Barratt homes are currently inspecting the building to work out what they need to do under the government policy to get the building to the right level to achieve a good EWS1 rating and will be performing the work but we don't currently have timescales on when this will be complete by.
The second issue is there is an ongoing section 20 on the building for long-standing issues with water ingress to small sections of the roof for the whole building as well as issues around smoke extraction in the car park levels. This flat has never had any water ingress issues nor has any part of the gate it's in. However, the other side of the building has had issues that therefore means work will be undertaken to replace the whole roof to put right the ongoing issues for some owners. Before the EWS1 fire safety issues this matter was identified as a problem and there is an on going battle to resolve this which will likely cost the leaseholders to pay out to fund some of this work and it's likely that the building owner will have to cover some as well.
The obligation for funds and impact on any buyer is currently an unknown in terms of hard and fast number. For the above two matters there was a number quoted to fix the building which was 5.2 million pounds and this flats obligation to pay that was £18,000. However due to Barratt homes now being forced by the government to step up and cover the issues per the new laws this number is expected to be dramatically lower.
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More information
Listed by
Chiswell & Co
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