*For Sale By Online PublicAuction 16th October 2025 09:30 AM. To inspect the legal documents for this property go to our website to download the legal pack*
A Vacant Second Floor Two Bedroom Flat
Tenure Leasehold. The property is held on a 57 year lease from 2nd July 1979 (thus approximately 10 years unexpired).
Location The property is situated on a residential road close to local shops and amenities. The open spaces of The Regent's Park are within easy reach. Transport links are provided by Regent's Park underground station (Bakerloo line) and Marylebone rail station.
Description The property comprises a second floor two bedroom flat situated within a purpose built building arranged over ground and five upper floors. The property benefits from a basement storage room. The property requires a program of refurbishment.
Accommodation Second Floor Reception Room Kitchen Two Bedrooms Bathroom
Accommodation Exterior The property benefits from a fire escape balcony.
Note Further Information When purchasing a flat that has a short lease, it is important to understand that in addition to the purchase price, if you wish to extend the lease to 90+ years, you will need to pay a premium to the freeholder. This is done by way of serving a Section 42 notice to the freeholder requesting a lease extension with a suggested price for the extension. The freeholder has the right to refuse the offer and submit a counter notice with their suggested price. If you do not fully understand this process, please ask the auctioneers or a solicitor.
EPC Rating C
Open House Viewings: Viewing Schedule (No Booking Required)
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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