Summary - Flat 4, 115 Melrose Avenue NW2 4LX
2 bed 1 bath Apartment
Chain-free, long lease, loft potential—ideal first home or BTL investment.
Two double bedrooms, 560 sq ft first-floor apartment
A bright two-double-bedroom first-floor apartment in a double-fronted period house, offered chain free and vacant — an accessible purchase for a first-time buyer. The apartment totals about 560 sq ft, benefits from a long 170-year lease, share of freehold, and low annual outgoings (service charge £720, ground rent £200). The open-plan living/kitchen is contemporary and well-lit; the block sits moments from Gladstone Park with a south-facing communal garden.
There is clear uplift potential: the included loft space could be converted (subject to planning) to provide a second-floor bedroom and ensuite, increasing space and rental/ resale value. The property is presented in good order with modern kitchen fittings and double glazing (install date unknown).
Be aware of some practical points: EPC rating D and solid brick walls likely have limited insulation, so heating costs may be higher than newer builds. The immediate area records higher local crime levels, which should be weighed against the neighbourhood conveniences and transport links. Overall, this is a straightforward, low-cost-to-run starting home or buy-to-let with sensible scope for improvement and capital growth.
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