Compact renovation project near St John’s Wood station and communal gardens.
Fourth-floor studio with separate kitchen and bathroom
This unmodernised studio occupies the fourth floor of a Tudor‑Revival block on Abbey Road, a short walk from St John’s Wood station and local amenities. It offers a single open reception/bedroom, separate kitchen, bathroom and access to communal gardens, plus porterage and a passenger lift — convenient for central London living.
The flat is small at 343 sq ft and needs full renovation; the interior is dated but offers straightforward scope for refurbishment or rental. The building benefits from a community heating scheme (mains gas) and low local crime in a very affluent, inner‑city neighbourhood. EPC rating is D.
There are important lease considerations: approximately 49–51 years remain and lenders are likely to refuse mortgages on this term. Lease extension is estimated at around £50,000 to add 90 years — currently suited to cash buyers or specialists able to arrange non‑standard finance. Ground rent is modest at £60 per year.
This property will suit an investor or buyer seeking a renovation project close to St John’s Wood’s amenities and transport links, who understands the lease constraints and associated costs. It’s a compact, characterful pied‑à‑terre or rental opportunity with clear uplift potential after refurbishment and a successful lease extension.
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