Bright south-facing 2-bed flat with balcony in NW3, lease issue requires urgent legal checks.
Art Deco mansion block with lift and on-site porter
Set within a distinguished Art Deco mansion block on Haverstock Hill, this lateral third-floor flat offers bright, south-facing principal rooms and a practical layout across 728 sq ft. The apartment has two double bedrooms, two bathrooms (including an ensuite), a balcony and a useful storage room opposite the entrance. Lift access, on-site porter and a communal heating/hot-water scheme are included in the service charge.
The building sits within easy reach of Belsize Park, Hampstead Heath and Primrose Hill, with strong transport links (Northern Line and nearby Jubilee) and a wide selection of shops, cafes and schools. The flat’s sunny aspect and classic period details will appeal to buyers seeking character and convenient city living in NW3.
Important: the current lease shows only three years remaining, which is likely to prevent mainstream mortgage lending. The vendor’s solicitor has indicated an extension to 999 years is in progress, but this is not confirmed and you should obtain independent legal confirmation before committing. Service charge is currently £4,500 pa (noted as above average) and the timing/amount of future reviews and ground rent has not been provided.
This property suits a cash buyer or a specialist investor prepared to manage lease risk and potential paperwork, or a buyer who secures firm confirmation of the lease extension. The flat offers immediate occupation and rental potential in a desirable area, but buyers must factor in the lease and higher service costs when assessing value.