ROI = 6% BMV = -8.69%
Description

Located in the heart of trendy Belsize Park, an exciting renovation project for cash buyers only. This 1042 Sq Ft first floor 2 bedroom apartment, with a short lease, 65 Years, is listed at a very fair value, for a flat of this type, for a speedy sale to chain free cash buyers only. The apartment is arranged across the entire first floor of a classic Belsize Park period stucco fronted villa and has been in the same ownership for many decades and now requires a new owner to invest in it to bring it up to modern day standards.The flat retains some of its period details from its original Victorian era, with tall windows, two very well proportioned principal rooms, a study/bedroom, separate kitchen, bathroom and wc. It requires a complete program of renovation works throughout, after which it could provide a very smart and stylish home to ones own design, in this very sought after area.  Featuring a unique London Village lifestyle, the location of this apartment could not be more perfect, just a short walk from Belsize Village with its plentiful boutique cafes, shops and popular restaurants, creating a thriving 'local' community. In addition, Hampstead Village and Primrose Hill Village, with their fashionable shopping, trendy eateries and picturesque pubs are within strolling distance.  The nearest Underground stations are, Belsize Park, on the Northern Line and only several stops to London Euston mainline station and Kings Cross and St. Pancras Eurostar, and Swiss Cottage and the Finchley Road ( Jubilee and Metropolitan lines) The multiple main shopping and transport hubs and overground stations along the Finchley Road are also within an easy 10 minute walk. Additionally there are a variety of bus links close by and of course places to relax on Hampstead Heath and Primrose Hill, havens of green space and fresh air.   Floor Space: 1042.5 Sq Ft : 96.8 Sq m Tenure: 99 years from 9/4/1991. 65 years remaining. NB: The flat is being sold with the existing lease. A lease extension would have to be applied for and paid for by the incoming buyer after completion. The freeholder lives in the building.Ground Rent: £100.00 per annumService Charge: 25% of the Annual outgoings. The house is managed by the freeholder, on an ad hoc basis, and the last year's outgoings for this flat were £1,350.00 approx. Includes building insurance. There is no sinking fund. Council Tax Band F: £2,904.16 2024- 2025 ( a 25% discount can be applied for single occupancy )  EPC: E  NB: The flat is unmodernised and has no central heating or boiler hence the current low rating.    

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Property Details
  • Property ID: 158787413
  • Added On: 2025-02-27
  • Deal Type: For Sale
  • Property Price: £850,000
  • Bedrooms: 2
  • Bathrooms: 1.00
Amenities
  • Exciting Renovation Project
  • Cash Buyers Only
  • Short Lease - 65 Years Remaining
  • Entire First Floor Of A Period Stucco Villa
  • 2 Bedrooms * Kitchen * Bathroom * WC
  • 1042.5 Sq Ft : 96.8 Sq M: EPC: E