This property is no longer on the market
3 bedroom flat
Key information
Property description & features
- Tenure: Leasehold (87 years remaining)
- A Ground, First and Second Floor Three Bedroom Split-Level Flat Subject to an Assured Shorthold Tenancy Producing £25,219.92 Per Annum. Plans have been Drawn Up to Extend and Convert the...
*For Sale By Online PublicAuction 2nd August 2023 08:45 AM. To inspect the legal documents for this property go to our website to download the legal pack*
A Ground, First and Second Floor Three Bedroom Split-Level Flat Subject to an Assured Shorthold Tenancy Producing £25,219.92 Per Annum. Plans have been Drawn Up to Extend and Convert the Property into a Six Bedroom HMO (Subject to Planning Permission). Potential ERV if Extended and Converted: £92,192.88 (STPP) (Source: LHA Rates).
Tenure
Leasehold. The property is held on a 125 year lease from 25th March 1986 (thus approximately 87 years unexpired). A section 42 notice to extend the lease has been served on the freeholder, the rights of which will be assigned to the incoming buyer.
Location
The property is situated in the highly sought after area of West Hampstead close to local shops and amenities. The open spaces of Kilburn Grange Park are within easy reach. Transport links are provided by West Hampstead underground (Jubilee line), overground and rail stations.
Description
The property comprises a ground, first and second floor three bedroom split-level flat situated within a mid terrace building arranged over ground and two upper floors. Plans have been drawn up to extend and convert the property into a six bedroom HMO. No planning application has been submitted for this scheme. Drawings of the proposed plans are available for inspection. Auction House London make no representations or warranties with regard to this scheme and/or the validity of the aforementioned plans. Buyers must rely on their own enquiries with regard to any development potential, permissions required and any previous planning history in respect of this site.
Accommodation
Ground Floor
Bedroom
Bathroom
First Floor
Reception Room
Kitchen
Second Floor
Two Bedrooms
Tenancy
The property is subject to an Assured Shorthold Tenancy for a term of 24 months commencing 14th June 2021 at a rent of £2,101.66 per calendar month (Holding Over),
If the property were to be extended and converted into a six bedroom HMO then the estimated rental value would be approximately £92,192.88 Per Annum (Subject to Planning Permission). (Source: LHA Rates).
Note
EPC Rating
E
Viewing Schedule (No Booking Required) - Video Walkthrough Available
Monday 24 July 2023 2:00 PM - 14:30
Wednesday 26 July 2023 2:00 PM - 14:30
Friday 28 July 2023 2:00 PM - 14:30
Tuesday 1 August 2023 2:00 PM - 14:30
Addendum
Amended Guide Price: £590,000+
Places of interest
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Property reference 215729. The information displayed about this property comprises a property advertisement. OnTheMarket.com makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and OnTheMarket.com has no control over the content provided by the agent or developer. This property advertisement does not constitute property particulars. The information is provided and maintained by Auction House London - Hampstead.
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Broadband availability and predicted speed: obtained from Ofcom on February 7, 2022
Broadband speed is measured in megabits per second, with the number returned showing how fast the connection is. Each reading is based on the highest predicted speed of any major broadband network for services that deliver the download speeds. The following are the different readings that we may display:
Basic: Up to 30 Mbit/s
Super-fast: Between 30 Mbit/s and 300 Mbit/s
Ultra-fast: Over 300 Mbit/s
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Mobile phone signal availability and predicted strength: obtained from Ofcom on February 7, 2022
Mobile signal predictions are provided by the four UK mobile network operators: EE, O2, Three and Vodafone. Predictions can vary significantly from the coverage you may actually experience as a result of local factors (especially terrain). Ofcom has tested the actual coverage provided in various locations around the UK to help ensure that these predictions are reasonable. The values shown against a property can be broken down as follows:
Clear: No bars, no signal predicted
Red: One bar, reliable signal unlikely
Amber: Two bars, may experience problems with connectivity
Green: Three bars, likely to have good coverage and receive a data rate to support basic web services
Enhanced: Full bars, likely to have good coverage indoors and to receive an enhanced data rate to support multimedia services
Energy Performance data and Internal floor area: obtained on March 17, 2015 from The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.
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