Cash-friendly investment close to major transport links and local amenities.
- Ground-floor one-bedroom apartment, 491 sq ft
- Short lease: 63 years remaining (lenders likely to refuse mortgages)
- Requires full modernisation; dated kitchen and finishes
- Close walking distance to Kensal Green and Willesden Junction stations
- Triple glazing installed; external garden space included
- Heating via electric room heaters; no communal gas
- Ground rent circa £270 per year; public notice, cash buyers only
- Local area: high crime and deprived; affects rental expectations
A compact ground-floor one-bedroom apartment in NW10, offered as a clear cash-investment opportunity close to Kensal Green and Willesden Junction stations. The flat has a spacious living area with open kitchen, a double bedroom and bathroom — all set within a 1980s residential block.
The property requires full modernisation: the kitchen and internal finishes are dated and heating is by electric room heaters. Triple glazing is fitted and there is an external garden space, but visible refurbishment is needed to bring the apartment to contemporary lettings standard. Council tax is low which helps running costs.
Important legal/financial considerations: the lease has 63 years remaining (99-year term from 1989), which may prevent many mortgage lenders from offering finance. Ground rent is £270 pa and the sale is being handled as a public notice requiring buyers to be prepared for a cash purchase. High local crime levels and wider area deprivation are factual conditions to factor into rental assumptions.
This flat suits cash investors or experienced buy-to-let buyers prepared to renovate and manage a short-lease asset. Renovation and a lease extension (if pursued) offer potential to increase rental value but will require upfront capital and should be costed into any offer.
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