Investment Opportunity – Half Freehold Title (land only) plus driveway and garages at the back. Title to manage 3 Leasehold Flats | £90,000 The current freehold title belongs to two parties. One party is selling his part (50%) for £90,000.There is a potential to develop garages at the back plus driveway. Sunnyside, London NW2 2QP An exceptional opportunity to acquire a 50% part of a freehold title comprising 3 self-contained leasehold flats, driveway and garages located in the heart of Cricklewood, North West London — a well-connected and increasingly sought-after area with excellent transport links and green open spaces. Property Highlights: Freehold Title Three Leasehold Flats within one house, Front Parking and Garden Current Ground Rent: £200 per flat per annum Service Charges: Approx. £500–£700 p.a. per flat Leases: 125 years from 1987 (approx. 87 years remaining) Lease Renewals Due: Expected within the next year at approx. £12,000 per flat (standard for 87-year lease remaining) Potential to increase annual charges Garages & Rear Parking: No pictures — but can view by appointment only. Asking Price: £90,000 (Negotiable)Finder’s Fee: £2,000 A rare low-entry price point for a London property investment with value uplift potential through lease renewals or negotiation with the current leaseholders. Transport Links (All within walking distance): Cricklewood Station (Thameslink) – 10 min walk Direct trains to King's Cross St Pancras in 12 mins Willesden Green Underground (Jubilee Line) – 15 min walk Direct access to Baker Street, Bond Street, London Bridge Excellent bus connections along Cricklewood Broadway and Shoot-Up Hill Local Amenities & Attractions: Gladstone Park – 12 min walk Wide green space with walking trails, tennis courts, and panoramic views of London Mapesbury Dell Park – 10 min walk A hidden gem for peace and quiet amid city life Cricklewood Broadway – 5 min walk Shops, cafes, restaurants, and gyms Brent Cross Shopping Centre – 10 min drive Investment Notes: Lease renewals due soon – ideal for negotiating favourable terms or capitalising on leaseholder interest Ongoing passive income through ground rents and service charges Future potential to acquire rear garages for further development or storage rental This is a quietly marketed deal in a high-demand London postcode. Opportunities like this are rare at this price level — especially with multiple flats and added land potential. Contact Peter to get more info and arrange a viewing.
The Est. Mortgage is for a 25 years repayment mortgage based on a 10% deposit and a 5.5% annual interest. It is only intended as a guide. Make sure you obtain accurate figures from your lender before committing to any mortgage. Your home may be repossessed if you do not keep up repayments on a mortgage.
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