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Lot 17 Click here for addendum

2 Bed Flat let on a very low rent - Gross Yield 7.7%
In the same family ownership for over 25 years
6 Week Completion

Situation

Located close to the junction with Marlborough Hill in this densely populated residential area, almost opposite Harrow & Wealdstone Station (Overground & Bakerloo Line) and less than a mile north of the multiple shopping facilities of Station Road and the St Ann's Shopping Centre.
Harrow is a thriving commercial hub located between Stanmore, Pinner and Wembley, with good road links to the A40, A406 and M1 and approx. 11 miles north-west of Central London.

Property

Located within this modern three storey purpose-built block comprising a Self-Contained 2 Bed Flat on the first floor.

The property benefits from:

Gas central Heating
uPVC Double Glazing
Video Entry Phone
Communal Garden area

ACCOMMODATION (measurements to maximum points)

First Floor Flat
Bedroom 1	16'4” × 9'5"
Bedroom 2	14'2” × 10'10”
Living Room	16'4” × 13'7”
Kitchen	10'0” × 8'0”
Bathroom/ WC	7'10” × 5'7”
GIA Approx. 824 sq ft

VAT is NOT applicable to this Lot

Tenure

Leasehold (by way of an extension) for a term from 9th August 2024 to 26th January 2201 (thus having approx. 175 years unexpired) at a peppercorn ground rent.

Tenancy

The property is let on a Periodic Tenancy (formerly an AST) to an Individual at a very low current rent of £9,600 per annum exclusive (£800 pcm) (see Note 1).

Note 1: The tenant has been in occupation since 2012.

Note 2: Flat 44 Churchill Place (1 bed flat approx. 570 sq ft) sold in June 2025 for £228,000 (£400 per sq ft) (source: zoopla.co.uk).

Note 3: The service charge for 2025 was circa £800.

*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.

38 Churchill Place, Sandridge Close, Harrow, Middlesex HA1 1XY