Auction opportunity near Regent's Park for cash buyers and lease-extension investors.
- Vacant lower-ground studio with lift access and EPC rating C
- Guide price £100,000; sold by public auction
- Approximately 315 sq ft; compact, single-room layout
- Around seven years remaining on lease — lenders likely to refuse mortgages
- Section 42 lease extension to be served on buyer's request before completion
- Six-week completion available; sale best for cash buyers or investors
- Community mains gas heating; solid brick walls, presumed no insulation
- Excellent mobile signal and fast broadband; near Regent's Park and Euston
This vacant lower-ground studio flat sits in a purpose-built block close to Regent’s Park and Euston transport links, offered at auction with a guide price of £100,000. The compact, well-presented kitchen and bathroom, lift access and EPC C rating give straightforward, lettable accommodation in a busy, multicultural student neighbourhood.
The property's principal value-driver is location: fast broadband, excellent mobile signal and nearby universities make it suitable for short-term lets or a cash investor seeking a central London holding. The sale allows a six-week completion and the seller will serve a section 42 lease extension notice before completion if requested by the buyer; the extension rights would then be assigned to the purchaser.
Major constraints are material and immediate: only around seven years remain on the lease and the length will deter most mortgage lenders. This is an auction-sale, vacant possession lot — best suited to cash buyers, buy-to-let investors who can extend the lease, or developers prepared to refurbish and manage lease enfranchisement.
Buyers should factor in potential costs: lease extension/enfranchisement fees, possible planned works to solid-brick uninsulated walls, and communal heating arrangements. For those who can proceed with cash or have refurbishment and lease-extension plans, the flat offers central location upside and short-term rental potential.