Central three‑bed with private terrace — strong location but very short lease, cash buyers preferred.
Central Covent Garden location with excellent transport and amenities
Private terrace and good natural light to principal rooms
Three bedrooms but only one shower room
Dated condition — requires renovation throughout
Very short lease (~47–48 years) — mortgage lenders likely to refuse
High annual service charge (£5,945) and expensive council tax
Low ground rent (~£10 pa) but lease concerns dominate value
Area indicators: very high crime and high local deprivation
This three-bedroom third-floor apartment sits in Odhams Walk, a well‑located semi‑gated development steps from Covent Garden’s theatres, restaurants and transport hubs. The flat includes a reception room, eat‑in kitchen, shower room and a private terrace — practical central‑London accommodation with strong location appeal.
The property is presented in dated, lived‑in condition and needs renovation to modern standards. Internal features include wood‑effect floors, built‑in shelving and good natural light to principal rooms. The overall footprint and room sizes are average for a central London flat.
Important mortgage and ownership considerations: the lease is very short (around 47–48 years remaining), which will commonly prevent standard mortgage lending and will materially reduce market value. Service charge is high and council tax band is expensive; ground rent is minimal.
This is most suitable for a cash buyer, a landlord experienced with short‑lease purchases, or an investor able to fund a lease extension. Buyers should carry out focused due diligence on lease extension costs, service charge history and the implications of the neighbourhood indicators (high crime and local deprivation).
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