Here we have the PERFECT FLIP opportunity in London!
This is a 1BED apartment located in Harrow, North West London (Zone 5)
We have it for sale at £221,000 which is £29,000 BELOW the on market price.
It currently has a 64 year lease remaining. The seller has agreed that it can be renewed for an additional 99 years meaning 168 years on total for £10,000.
This can be paid at any time prior to completion or whenever you want to, post completion as this has been agreed with the seller.
If you were to add the 99 years to the 68 years remaining on the current lease giving 168 years total we have been advised that a valuation of circa £275,000 would be applicable.
This would mean a discount of £54,000 BELOW the on market price.
Tenanted £900pcm – New tenant moved in December 2017 for minimum 6 months – wants to stay long term.
Perfect buy to FLIP or buy and keep renting to hold against future capital appreciation.
1BED second floor apartment (NO lift)
20ft kitchen / lounge area
VERY close to shops, bars and restaurants in enviable position.
Service Charge: £819.68 per annum
Ground Rent: Peppercorn i.e. less than £10 per annum
Purpose built block
FULL gas central heating
0.3 mile away from West Harrow Underground station (Zone 5)
1 x demised, off street car parking space to rear
A one off finders fee of £3,000 + VAT secures this property.
You pay your legal fees and the seller pay theirs>
To book a free place – kindly reply to this email, or call me on 07517 156 157 or 0115 9 853 965