- Fourth-floor studio, 397 sq ft (36 sq m) with lift access
- Strong natural light from large bay-style windows
- Close to Belsize Park, Chalk Farm and Swiss Cottage stations
- High rental demand among professionals and students
- EPC rating D — energy improvements recommended
- Lease 81 years remaining; lease extension needed urgently
- Annual service charge approx £3,000; ground rent c. £100
- Sold by Modern Auction: reservation fee and buyer pack apply
A well-proportioned fourth-floor studio (397 sq ft / 36 sq m) in a purpose-built 1930s block on Fellows Road, NW3. Large bay-style windows provide strong natural light and the building has lift access, making the flat straightforward to let to professionals or students. The location sits between Belsize Park, Chalk Farm and Swiss Cottage stations and is within walking distance of Primrose Hill and local amenities.
This property offers clear value for an investor or buyer willing to refurbish: cosmetic modernisation and a lease extension would materially increase capital value and lettability. The block appears structurally sound; internally the flat will benefit from updated finishes and improvements to energy performance (current EPC D).
Important drawbacks are factual: the lease has 81 years remaining and will require renewal soon, service charges are around £3,000pa and ground rent c.£100pa. The sale is by Modern Auction — the buyer must pay a non-refundable reservation fee (4.5% of the purchase price, minimum £6,600) plus a buyer’s pack fee and complete within the auction timescale. These extra costs and timescales must be factored into purchase calculations.
In short, this is an entry-price NW3 studio with reliable rental demand and uplift potential through refurbishment and lease extension, but it carries auction-related fees, a relatively short lease and significant annual service charges.
