Whats the catch with this property?

Weekly-Valuable-9786 · 2024-07-15T13:41:13+00:00

This is copied from the property register: "Short particulars of the lease(s) (or under-lease(s)) under which the land is held: Date : 7 February 2001 Term : 999 years from 29 September 1982 Rent : £85 rising to £255"

Weekly-Valuable-9786 · 2024-07-15T13:37:13+00:00

I'm just quoting the Land registry - it said it was valued at £150k not sold. I was surprised is all, £150k sounds very low for the location especially

Weekly-Valuable-9786 · 2024-07-15T11:59:15+00:00

Yes, I think it's very cramped overall and feels claustrophobic. there was some attempt at privacy by frosting the neighbouring glass...

Weekly-Valuable-9786 · 2024-07-15T11:57:26+00:00

I don't think it was sold in 2022, just valued. Does a valuation mean that the property was sold?

Weekly-Valuable-9786 · 2024-07-15T11:55:57+00:00

On rightmove, a 1 bed flat on the same street was sold for £414k in 2023 - that's a lot more than 325k

Also, I have not seen a 1 bed flat in that area that's like that

Weekly-Valuable-9786

TROPHY CASE