Auction opportunity with garden and clear renovation scope for cash or specialist buyers.
Vacant first-floor two-bedroom maisonette, 434 sq ft
Offered At Public Auction — guide £75,000–£150,000
Short lease: approx. 59 years remaining — mortgage risk
Buyer likely must fund lease extension (Section 42) premium
Requires full refurbishment — cosmetic and mechanical works needed
Private rear garden and Victorian bay-window character
EPC D; solid brick walls assumed without insulation
Double glazing post-2002; mains gas boiler and radiators
This vacant first-floor two-bedroom maisonette is offered at auction with immediate refurbishment potential. At 434 sq ft it is compact but benefits from a private rear garden and period character such as a bay window and original brickwork. Double glazing was fitted post-2002 and heating is by mains-gas boiler and radiators.
A significant lease issue affects value and mortgageability: approximately 59 years remain on the lease. Buyers should note lenders will likely refuse standard mortgages and an extension via a Section 42 notice (at the buyer’s cost) is expected to be served prior to completion at the purchaser’s request. Expect an additional premium to take the lease to 90+ years.
The property requires a full program of renovation throughout — cosmetic and likely mechanical updates are needed. EPC rating D and assumed solid brick walls without insulation mean energy upgrades could be recommended. For an investor or experienced cash buyer this presents uplift potential after refurbishment and lease extension; for leveraged purchasers, arranging specialist lending or cash will be essential.
Location is a practical strength: Watford Recreation Fields and local shops are close by, with Watford Metropolitan Line, High Street overground and Bushey rail links nearby. Strong local schools and generally affluent area demographics support rental demand once refurbished.
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