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Lot 25

Freehold 1 Bed Flat
On behalf of Executors
6 Week Completion

Situation

Located close to the Junction with Marsh Lane, The Broadway and Dennis Lane in this affluent and sought after residential area. There are shopping facilities in The Broadway including Lidl and Sainsbury's/Argos. In addition, the property is only ¼ mile from Stanmore Underground Station (Jubilee Line).
Stanmore is a prosperous suburb of north London, located between Edgware and Hatch End, approx. 10 miles north-west of central London with easy access to the nearby A41 and the M1 (Junction 4).

Property

Forming part of a purpose-built block comprising a Self-Contained 1 Bed Flat on the first floor.
The property benefits from:

Gas central heating
Double glazing
Entry phone
8 Person Passenger lift
1 parking space
Communal garden

ACCOMMODATION (measurements to maximum points)

First Floor Flat
Bedroom	13'1" × 8'8"
Reception Room	16'11" × 12'10"
Kitchen	9'7" × 8'2"
Shower Room/WC	7'3" × 5'6"
GIA Approx. 468 sq ft

VAT is NOT applicable to this Lot

Tenure

Leasehold for a term of 125 years from 24th June 1994 (thus having approx. 94 years unexpired) at a current ground rent of £754 p.a. with 10 yearly reviews to the Index of House Prices published by the Nationwide Building Society.

Offered with Vacant Possession

Note: In March 2025, the freeholder voluntarily made a ‘subject to contract' offer to the leaseholder of the flat to extend the lease to a 125 year unexpired term at a peppercorn ground rent for a premium of £18,000 plus costs. Refer to the ‘Lease Extension Correspondance' in the legal pack.

VIdeo TOUR

Click here to view the video tour of the property.

*Please note:

RESERVE

The 'Reserve' is the minimum figure for which a property can be sold as agreed between the Seller and the Auctioneer. The 'Reserve' is not disclosed and remains confidential between the Seller and the Auctioneer.

GUIDE

Where a 'Guide' is stated, it is an indication of the Seller's current minimum acceptable price ('Reserve') at auction. A 'Guide' is published to assist prospective buyers in deciding whether or not to pursue a purchase.

A 'Guide' does not represent an anticipated sale price or a valuation and the eventual sale price may be higher or lower. The sale price is determined at auction and as such cannot be predicted in advance.

The 'Guide' can be published as follows:

a. 'Reserve below' which means the 'Reserve' will be below the shown amount.
b. A single price figure where the 'Reserve' is not to exceed it.
c. A single price figure with a + symbol where the 'Reserve' is not to exceed that figure by more than 10%.
d. A minimum and maximum price range where the 'Reserve' is to be within that range.

The Seller's expectation as to the sale price may change during the marketing period as a result of interest received from prospective Buyers. Therefore, the Seller may increase or decrease the 'Reserve' at any time up to just before bidding commences. If the 'Reserve' becomes fixed at a level that makes the 'Guide' misleading, the Auctioneers will subsequently issue a revised 'Guide' as soon as is practicable. Accordingly, prospective bidders should monitor the 'Guide' with the Auctioneers prior to the Auction taking place via this website.

In addition to the purchase price the Successful Buyer or Successful Bidder will be liable to pay Barnett Ross Ltd a non-refundable administration fee of £1,500 including VAT or as specified on the Particulars of Sale and there may also be additional non-optional fixed or variable fees and costs. To establish the full cost of purchasing a property please inspect the special conditions of sale and all other documentation in the legal pack. Please also refer to any addendum that may be displayed on this page.

Flat 6 Norfolk House, 203 London Road, Stanmore, Middlesex HA7 4PJ