Highly rentable NW3 flat with immediate income — cash buyers or lease-extension project..
- 883 sq ft three-bedroom flat, large reception and separate kitchen
- Currently tenanted; immediate rental income possible
- Lease 38 years remaining — many lenders may refuse to lend
- Cash buyers or specialist lending likely required
- Double glazing installed after 2002; gas central heating
- System-built walls assumed without insulation — retrofit likely needed
- Kitchen and some fittings dated; scope for cosmetic upgrade
- No flood risk; excellent mobile and fast broadband
A spacious three-bedroom flat on Fellows Road, NW3, offered with immediate rental potential. The flat extends to approximately 883 sq ft, with a large reception, separate kitchen, three good-sized bedrooms, one bathroom and a guest WC — a layout well suited to sharers or a buy-to-let portfolio.
Important to note: the property is leasehold with only 38 years remaining. Many high-street mortgage lenders refuse to lend on leases this short, so this opportunity is effectively for cash buyers or a specialist lender. The flat is currently tenanted, providing instant income but restricting vacant-possession viewings and requiring tenancy checks.
Constructed in the 1950s–1960s, the building has double glazing installed post-2002 and gas central heating via boiler and radiators. Some internal elements such as kitchen appliances and finishes look dated and would benefit from updating; walls are described as system-built with assumed no insulation, so thermal improvements and a potential reconfiguration could add value.
Location is a clear strength: central NW3 position with excellent mobile and fast broadband, close to Hampstead, Belsize Park and Swiss Cottage amenities, schools and transport links. No flood risk is recorded and local crime/deprivation levels are average. This is a straightforward acquisition for a buyer who can manage lease extension costs or intends a cash purchase for rental or refurbishment resale.